Mumbai, Sept. 23 -- Garware Hi-Tech Films (GHFL) and specialty chemicals company Lubrizol have signed a Memorandum of Understanding to collaborate on the development and manufacturing of Thermoplastic Polyurethane (TPU) technology in India.

The agreement establishes a dedicated TPU film extrusion platform designed to expand GHFL's product portfolio across automotive, architectural, industrial and electronics sectors, while providing backward integration for its Paint Protection Film (PPF) business.

As part of the understanding, GHFL is committing an investment of approximately INR 1.18 billion toward the platform, with operational commencement targeted for December 2026. Roughly 25 percent of the total capital outlay will be directed to...