The acquisition involves securing a substantial plot of land to accommodate the new facility, which will be designed to support advanced manufacturing processes and production scalability. This expansion is expected to strengthen Lubrizol's operational footprint in India and contribute to the company's growth in the Asian market.

The new facility will focus on producing a range of Lubrizol?s products, including additives and specialty chemicals, aimed at various industries such as automotive, industrial, and consumer goods. The investment reflects Lubrizol's commitment to expanding its capabilities and meeting the increasing demand for its products in the Indian market.

This strategic move aligns with Lubrizol?s broader objectives of enhancing production efficiency, improving supply chain logistics, and fostering regional development. The new manufacturing plant is anticipated to create job opportunities and stimulate local economic growth.

The construction of this facility marks a significant milestone for Lubrizol, highlighting the company's dedication to leveraging India?s growth potential and strengthening its position in the global market.

Overall, Lubrizol's plan to build its largest manufacturing facility in India underscores the company's confidence in the region's economic prospects and its commitment to expanding its industrial footprint.