Lubrizol commits $150 million investment in India to promote growth
Nitin Mengi is set to reinforce Ohio-headquartered Lubrizol’s commitment to strengthen its focus on growth in India with US$150 million investment while ensuring success with its customers, suppliers and other key stakeholders.
Mengi joined the company as Vice President, Lubrizol https://www.lubrizol.com/ Additives, India, the Middle East and Africa (IMEA), as well as Chairman & Managing Director, Lubrizol India Private Limited.
Lubrizol continues to bolster its IMEA operations and capabilities, augmenting the company’s current capacity, commercial and technical capabilities. This includes a US$150 million investment https://www.investindia.gov.in/ in India to promote growth, most notably the construction of a new, state-of-the-art CPVC resin plant in Vilayat, which will be the world’s largest CPVC resin plant when operational in 2025 and a Global Capacity Center (GCC) in Pune, a strategic investment to support Lubrizol innovation in the region.
“Lubrizol has continued to advance its priorities throughout IMEA, adding to our regional leadership team will help accelerate our work,” said Flavio Kliger, SVP, President, Lubrizol Additives.
“We are committed to growth in IMEA https://www.worldbank.org/en/home and supporting our customers with sustainable solutions that advance mobility, improve well-being and enhance modern life,” he said on 3 Apr.
“Nitin will work with our customers in the region to propel growth for the company’s Additives’ business, serving transportation and industrial markets, and drive opportunities for customers across the region.
“He will also collaborate with Bhavana Bindra, who recently joined the team as Managing Director, Lubrizol IMEA, to advance our strategy in the region,” said Kliger.
“Lubrizol’s leadership in the industry is something I have known about and respected for some time. I’m delighted to now be part of the truly impressive plans for Lubrizol’s future,” added Mengi.
Mengi brings more than 20 years’ experience leading cross-functional teams in the gas and oils industry in several regions, including Asia Pacific, India, the Middle East and Africa. He received a Bachelor of Engineering degree from the Maharashtra Institute of Technology, with a focus in petroleum and petrochemicals. He also received an MBA from the Institute of Management Technology in Ghaziabad, India.
Founded in 1928, Lubrizol owns and operates more than 100 manufacturing facilities, sales, and technical offices around the world and has more than 8,000 employees. Fiinews.com
