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|Lubrizol and Astral terminate all processor agreements for FlowGuard®, BlazeMaster® and Corzan® branded CPVC pipes and fittings|
MUMBAI, August 16, 2016 – The Lubrizol Corporation announces today the termination of its processor agreements with Astral Poly-Technik Limited for the manufacture and sale of FlowGuard®, BlazeMaster® and Corzan® branded pipes and fittings in India. Lubrizol, the inventor of chlorinated polyvinyl chloride (CPVC), is known in India amongst the engineers, builders, constructors and plumbers for its globally approved and certified CPVC compounds used in pipes for plumbing, fire protection and industrial applications.
Astral Poly-Technik LTD's recent decision to begin local compounding of material and launch house branded lines of chlorinated polyvinyl chloride (CPVC) is in conflict with Lubrizol's long established and successful CPVC branded business model. With termination of this partnership, starting from October 9, 2016, Astral will no longer have access to Lubrizol's compound or manufacturing assistance, and will no longer be permitted to sell FlowGuard, BlazeMaster or Corzan branded pipes and fittings. Lubrizol, the owner of the trademarks, will continue to make its CPVC brands and products available in wide distribution throughout India from other Lubrizol contracted partners.
Commenting on the termination of partnership with Astral Poly-Technik Limited, Mathew Timmons, Managing Director, Lubrizol Advanced Materials India Pvt. Ltd said, "Lubrizol is dedicated to supplying the highest quality CPVC products to service the Indian market. Our commitment remains steadfast through our support of processors like Ashirvad Pipes Pvt Ltd. who continue to benefit from our more than 50 years of expertise in compounding and manufacturing CPVC."
About The Lubrizol
Corporation's CPVC Piping Systems and Materials Business
About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives.
With headquarters in Wickliffe, Ohio, USA, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 9,000 employees worldwide. Revenues for 2015 were $7 billion. For more information, visit www.lubrizol.com
For further information, please contact:
Assistant Manager - Marketing
Lubrizol Advanced Materials India Pvt Ltd