Garware Hi Tech Films Partners with Lubrizol for India TPU Growth

Garware Hi Tech Films (GHFL) has announced a significant collaboration with global specialty chemicals company Lubrizol. The two entities have signed a Memorandum of Understanding (MoU) to jointly develop and manufacture Lubrizol's advanced Thermoplastic Polyurethane (TPU) technology within India. This partnership is poised to enhance GHFL's strategy of building a technology-driven TPU product platform for new specialty applications.

The agreement merges Lubrizol's extensive global TPU technology and material science expertise with GHFL's manufacturing and processing capabilities. The objective is to develop and commercialize novel, high-value TPU-based products tailored for the Indian market. This initiative is expected to unlock opportunities across critical sectors including automotive, architectural, industrial, and electronics.

Furthermore, the collaboration is set to provide GHFL with backward integration for a crucial input for its premium Paint Protection Film (PPF) business. The anticipated facility will represent India's first dedicated TPU extrusion platform for premium PPF, supporting an expansion in PPF manufacturing capacity to over 600 LSF.