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Astral Poly Technik likely to form JV with Berkshire Hathaway unit

22 Sep 2011 Evaluate

Billionaire Warren Buffet-led Lubrizol Corporation is likely to set up a chlorinated polyvinyl chloride manufacturing plant in Gujarat in a joint venture with the Astral Group at an investment of $245 million. The discussion is at very preliminary stage and the same are subject to detailed negotiations. Astral Poly Technik will announce its final plans as and when things are finalized.

Astral Poly Technik manufactures plumbing systems for residential and industrial applications. Lubrizol Corporation is a specialty chemicals company that produces and supplies technologies to improve the quality and performance of products.

Astral is equipped with state of art production facilities at Ahmadabad and Himachal Pradesh to manufacture plumbing systems from ½” to 6” with all kinds of necessary fittings. The company’s tie up with Specialty Process LLC of USA to incorporate latest technology and quality control programs which are widely accepted at global level and to develop CPVC plumbing systems as per Indian plumbing market.

Astral Share Price

1590.45 -22.40 (-1.39%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3715.95
Astral 1590.45
Finolex Inds 173.80
Nilkamal 1321.40
Jain Irrigation Sys 33.18
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