Warren Buffet’s firm to set up US $ 245 million JV plant in Gujarat

Gandhinagar, 21 September, 2011

Mr. Tom Frubus, head of America’s famous company Lubrizol corporation and Shri Sandip Engineer, Managing Director of Astral Polytechnic today called on Gujarat Chief Minister Shri Narendra Modi and briefed him about their plan to set up Lurbizol-Astral CPVC industrial project JV in central Gujarat’s Bharuch district based Dahej GIDC.

A decision to set up this plant with investment of US$ 245 million has been taken after Mr. Warren Buffet took charge of Lubrizol corporation, said Mr. Tom Frubus.

Construction of proposed industrial unit will begin in January 2013 while production will start in October 2014.

Thanks to Dahej port, CPVC products are in great demand not only in India, but also in south east Asia, middle east and African countries.

Principal Secretary of Industry department Mr. Maheshwar Sahu was also present in this meeting.