On September 23, 2026, Garware Hi-Tech Films announced a memorandum of understanding with Lubrizol to develop and manufacture thermoplastic-polyurethane products in India. The partnership covers material for paint-protection film and other specialty applications.
Garware said nearly 25% of its approximately ₹118 crore platform investment would support product development and technology capabilities. The release expected the extrusion and manufacturing operation to be operational by December 2026.
Garware’s February 2025 plant approval had targeted October 2026. The September announcement supplies a later company forecast, rather than confirmation that production has started.
Garware expects in-house TPU production to reduce reliance on imported film. Supply-chain improvements and financial benefits remain company projections; the reviewed announcements provide no operating results.
Sources & reporting notes
- September 23 MoU announcement Garware Hi-Tech Films via National Stock Exchange of India · Source dated September 23, 2026
- February 2025 TPU plant approval Garware Hi-Tech Films via National Stock Exchange of India · Source dated February 7, 2025
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