Mr Tom Frubus, Chief of Lubrizol Corporation (USA) and Mr Sandip Engineer, MD of Ms. Astral Poly Technic in a meet with Chief Minister Mr. Narendra Modi today acquainted him about their decision to set up CPVP industrial unit in joint venture in Dahej GIDC of Bharuch district.
The construction work of the unit will start in January 2013 and the production will be started by October-2014. Mr. Frubus said that CPVP products have great demand in south-east Asia, middle-east and Africa. Considering the investor-friendly and transparent policies and best infrastructural facilities in Gujarat the company has chosen the state for setting up of its unit.
Principal Secretary Mr Maheshwar Sahu was also present on the occasion.
Lubrizol Corporation which is managed by world-known investor Mr Warren Buffet and its plant in Dahej will be set up with the investment of US $245 million.