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CPVC resins in India
17 November 2020
Mulla & Mulla & Craigie Blunt & Caroe represented Lubrizol for their entering into definitive agreements with Grasim Industries Ltd. to manufacture and supply CPVC resins in India. We also advised them on all Indian regulatory issues that were relevant for this deal. The said manufacturing plant is the state of the art CPVC plant at Grasim site in Vilayat at Gujarat and will be the single largest site capacity for CPCV resins production globally. Upon commissioning it will manufacture 1,00,000 Metric tonnes of CPVC annually. Clients site is set up at the Grasim unit since Grasim would be supplying the feedstock of viscose staple fibre. This collaboration is in support of the Government of India’s make in India initiative. The deal was led by Shardul Thacker, Partner.