Prince Pipes Launches Prince OneFit with Corzan® CPVC Technology

Prince Pipes and Fittings Limited (PPFL), one of India's largest growing integrated piping solutions & multi polymer manufacturers, today announced the launch of Prince OneFit with Corzan® CPVC Technology in association with Lubrizol - inventors, and largest manufacturers of CPVC compounds worldwide, headquartered in the United States.

Corzan® CPVC Technology has been globally adopted as the preferred high-performance piping technology across the world's industrial applications. Backed by Lubrizol Advanced Materials' 60 years of experience with chlorinated polyvinyl chloride (CPVC), Corzan® CPVC Technology transports harsh chemicals at high temperatures without corrosion concerns, found in the toughest processing applications.

Where internal and external corrosion, heat, UV resistance, flame & smoke, pressure, and impact are important and where metals are not economical due to their life span, Prince OneFit with Corzan CPVC Technology can now be an economically viable piping alternative. Prince will offer world standard CPVC Industrial piping systems & technology to a wide range of Indian industries across Chemical, Power generation, Metal treatment, Paper and pulp, Mineral processing industry & Water Treatment plants. Several global chemical processors around the world have adopted Corzan CPVC Technology in their facilities.

In August 2020, Prince Pipes had announced the launch of Prince FlowGuard® Plus, in association with Lubrizol - and it is today, fast making in-roads as one of the safest, most reliable, and cost-effective plumbing solutions of Indian residential and commercial buildings.

With this alliance, Prince Pipes is now India's first manufacturer to offer 3 polymer solutions for Industrial applications through Easyfit IN PVC, Greenfit PPR and now Onefit CPVC piping systems.

Industrial Piping Market Potential

The Indian Industrial piping market is estimated to have a potential of approximately INR. 160 billion. Currently, the market is dominated by conventional MSRL pipes, whereas globally, CPVC pipes are well accepted for industrial applications. The launch of Prince OneFit with Corzan CPVC technology, offers tremendous potential opportunity to drive adoption of high performance, user-friendly Prince Onefit Industrial Piping Systems which fight corrosion and allows production continuity by decreasing downtime.

Commenting on the collaboration Mr. Nihar Chheda, Vice President Strategy, Prince Pipes and Fittings Limited, said, "Prince Pipes is not about creating products that are different but providing solutions that make a difference. We have driven change in the industry by replacing conventional products with high-performance user-friendly solutions. The Indian Industrial piping market is estimated to have a potential of ~INR. 160 billion. This market today is majorly dominated by conventional piping. Whereas globally, CPVC pipes are well accepted for Industrial applications. Prince OneFit with Corzan® CPVC Technology is well positioned to solve corrosion issues while decreasing the downtime enabling continuous production in India. This reflects our strong intent to continue to drive high-impact change for higher value creation via global partnerships and best-in-class products."

Mr. Scott Mold, General Manager- TempRite® Engineered Polymers, Lubrizol Corporation said, "This new launch is the latest exciting announcement in a long history of Lubrizol's commitment to CPVC in India and in line with the "Make in India" strategy. Lubrizol has made major investments into manufacturing of Lubrizol's leading CPVC resins and compounds in India for India. Corzan® CPVC Technology helps engineers Create Smarter by enabling longer lasting, sustainable plant designs and reducing the effect of corrosion and associated costs. We look forward to working together with Nihar and the Prince Pipes team to bring strong expertise and global standard products to challenging industrial applications where Prince OneFit with Corzan® CPVC Technology can provide tremendous benefits."

Shares of Prince Pipes and Fittings Limited was last trading in BSE at Rs. 701.1 as compared to the previous close of Rs. 693.55. The total number of shares traded during the day was 166857 in over 4313 trades.

The stock hit an intraday high of Rs. 707.95 and intraday low of 690.7. The net turnover during the day was Rs. 116212704.

Source : Equity Bulls

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