Lubrizol's Ambitious Expansion in India: Doubling Revenue Share and Innovating

Lubrizol, a specialty chemicals company under Berkshire Hathaway, aims to double its revenue share from India, Middle East, and Africa to 20% in five years. CEO Rebecca Liebert announced major investments in India, focusing on building capacities, partnerships, and innovation to drive growth amid shifts in global markets.

Lubrizol, the specialty chemicals division of Berkshire Hathaway, is poised to expand its presence in India. The company is targeting to double its revenue share from the India, Middle East, and Africa region to 20% over the next five years, as revealed by CEO Rebecca Liebert.

Liebert noted that despite India contributing less than 90% to the region's revenues, the country presents vast opportunities across multiple sectors. As other market shares decline, Lubrizol sees significant growth potential in India, supported by planned investments totaling at least USD 350 million.

Key projects include new facilities in Gujarat and Maharashtra, and a consolidated innovation lab in Mumbai. The company is also expanding its workforce and partnerships to harness India's burgeoning economic landscape.

(With inputs from agencies.)