Garware Hi-Tech Films Share Price Gains Over 2% as It Signs MoU with Lubrizol for Advanced TPU Film Solutions

On September 23, 2026, Garware Hi-Tech Films Limited announced that it has entered a strategic collaboration with Lubrizol to develop advanced Thermoplastic Polyurethane (TPU) film solutions in India, as per the exchange filings.  

The partnership aims to leverage Lubrizol’s world-class TPU technology for local manufacturing. 

Investment in TPU Film Extrusion Platform 

Garware Hi-Tech Films has committed ₹118 crore to establish an advanced TPU film extrusion platform. This investment is aimed at enhancing technology-driven portfolios and boosting domestic manufacturing capabilities.  

Approximately 25% of this investment will focus on new product development and technology enhancements. 

Backward Integration Strategy 

The collaboration marks the establishment of India's first dedicated TPU extrusion platform for premium Paint Protection Film (PPF) production. This facility will expand PPF manufacturing capacity to over 600 lakh square feet (LSF).  

Localising the supply of critical raw materials will improve product consistency and reduce reliance on imported TPU films. 

Financial and Market Impact 

The backward integration is projected to enhance the economics of the premium PPF business segment, with an expected improvement in consolidated EBITDA margins by 150-200 basis points.  

The initiative aligns with the Government of India’s "Make in India" objectives, supporting the growing premium vehicle market. 

Corporate Profiles 

Lubrizol, a Berkshire Hathaway subsidiary, specialises in chemical solutions for global mobility. Founded in 1928, it operates over 100 manufacturing facilities worldwide.  

Garware Hi-Tech Films is a market leader in sun control window films, high-end BOPET films, and premium automotive protection, with a presence in over 90 countries. 

Read More: Puravankara Share Price in Focus; Secures 13.44 Acre Greater Noida Land Parcel With ₹5,200 Crore GDV Potential! 

Garware Hi-Tech Films Share Price Performance 

As of September 23, 2026, at 11:07 AM, Garware Hi-Tech Films share price on NSE was trading at ₹6,516.00, up by 2.35% from the previous closing price. 

Conclusion 

Garware Hi-Tech Films' ₹118 crore investment in TPU film solutions with Lubrizol aims to enhance local manufacturing and reduce import reliance. The initiative is expected to improve EBITDA margins by 150-200 basis points and aligns with India's "Make in India" goals. 

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