Garware Hi-Tech Films signs MoU with Lubrizol for developing TPU tech products in India

Chhatrapati Sambhajinagar: Specialty films manufacturer Garware Hi-Tech Films Ltd (GHFL) and specialty chemicals company Lubrizol have a memorandum of understanding to collaborate on the development and manufacturing of the latter's thermoplastic polyurethane (TPU) technology in India.

The partnership marks an important step in GHFL's strategy to build a technology-led TPU product platform across new specialty applications, while also enabling backward integration into TPU films for its premium Paint Protection Film (PPF) business, a statement said on Wednesday.

The collaboration will combine Lubrizol's global TPU technology and material science expertise with GHFL's engineering, processing and manufacturing capabilities to develop and commercialize new, high-value TPU-based products in India, it added.


Importantly, nearly 25 per cent of GHFL's approximately Rs 118 crore investment in the platform is expected to be allocated toward new product development and technology capabilities, highlighting the strategic focus on building future products and applications.

The collaboration will also enable GHFL to backward integrate a critical input for its premium PPF business. The facility is expected to be India's first dedicated TPU extrusion platform for premium PPF and will support the company's expansion of PPF manufacturing capacity to over 600 LSF, the statement said.

Monika Garware, Joint MD & Vice Chairperson, GHFL, said, "This collaboration gives us the opportunity to develop new, high-value products across multiple specialty applications, while also strengthening our backward integration in PPF."

Commenting on the partnership, Abhishek Shrivastava, VP and Managing Director, Lubrizol IMEA, said, "Our association with Garware reflects a shared vision of advancing high-performance solutions for the Indian market while contributing to a stronger and more competitive specialty materials ecosystem."