Garware Hi-Tech Films Signs MoU with Lubrizol for Advanced TPU-Based Film Solutions
Garware Hi-Tech Films Lubrizol MoU Details
The partnership is aimed at developing and manufacturing Lubrizol's TPU technology in India. According to the company, the collaboration represents a step towards building a technology-led TPU product platform across new specialty applications.
The partnership will combine Lubrizol's global TPU technology and material science expertise with GHFL's engineering, processing and manufacturing capabilities to develop and commercialise high-value TPU-based products.
Garware Hi-Tech Films TPU Film Investment
GHFL plans to invest approximately rupee 118 crore in advanced TPU film extrusion and manufacturing capabilities. The dedicated TPU film extrusion capability is expected to be operational by December 2026.
Nearly 25% of the investment is expected to be allocated towards new product development and technology capabilities. The company expects the investment to support product development, prototyping and commercialisation while enabling it to respond faster to changing customer requirements.
The initiative is also expected to improve the economics of the company's PPF business and support an incremental improvement of 150-200 basis points in consolidated EBITDA margins.
Garware Hi-Tech Films PPF Capacity Expansion
The collaboration will enable GHFL to backward integrate into a critical input for its premium PPF business. The company said the facility is expected to be India's first dedicated TPU extrusion platform for Premium PPF.
The initiative will also support the company's expansion of PPF manufacturing capacity to over 600 LSF (Lakh Square Feet).
The in-house TPU extrusion capability is expected to provide greater control over a critical input, improve product consistency and manufacturing efficiency, strengthen supply-chain resilience and reduce dependence on imported TPU films.
Garware Hi-Tech Films Specialty Product Expansion
The collaboration is expected to create opportunities across automotive, architectural, industrial, electronics and other high-value specialty applications.
The company aims to develop new TPU-based products and participate in technology-driven product categories, expanding its addressable market beyond its existing applications.
Garware Hi-Tech Films Lubrizol MoU Highlights
| Particulars | Details |
|---|---|
| Company | Garware Hi-Tech Films Limited |
| Partner | Lubrizol |
| Collaboration | Development and manufacturing of advanced TPU-based film solutions |
| Investment | Approximately rupee 118 crore |
| TPU Manufacturing Capability | Advanced TPU film extrusion and manufacturing |
| Expected Operational Timeline | December 2026 |
| Investment Towards New Product Development & Technology | Nearly 25% |
| Expected EBITDA Margin Improvement | 150-200 basis points on a consolidated level |
| PPF Capacity | Expected to expand to over 600 LSF |
| Key Applications | Automotive, architectural, industrial, electronics and other high-value specialty applications |
| Key Initiative | Backward integration into TPU films for Premium PPF |
| Regulatory Disclosure | Press release submitted under Regulation 30 of the SEBI Listing Regulations |
What to Watch Next
- Investors may track the progress of GHFL's planned rupee 118 crore investment in TPU film extrusion and manufacturing capabilities.
- The operationalisation of the TPU extrusion capability by December 2026 could provide further updates on the company's PPF backward integration plans.
- Investors may also monitor the development and commercialisation of new TPU-based products across specialty applications.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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