Indian specialty chemical player, Anupam Rasayan, has signed a Letter of Intent for the next 9 years with a Japanese chemical company to supply new age polymer intermediate. The deal is worth a revenue of $61 million (Rs 507 crore). The supply will commence in CY2024, the company said in a press release. "This product will be manufactured in our existing and new multipurpose manufacturing facilities," Anupam Rasayan further added in the press release.
This molecule will be utilised as an intermediate for thermoplastic polymers, which find uses in structural materials in aerospace industry, semiconductor process material, electrical & electronic devices, and high-performance industrial machinery, according to the company.
"As we are fully backward integrated for this molecule, we can provide supply chain assurance to the customer without dependencies on supplies from other geographies," said Anand Desai, Managing Director of Anupam Rasayan in a press statement.
"The signing of this LOI represents a significant milestone for us, further cementing our position as a trusted provider of high-end polymer intermediates. We are excited about the opportunities this partnership brings,” he added.
Anupam Rasayan India Ltd is engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. The company was incorporated in 1984 and the specialty chemicals major has two verticals: Life science related Specialty Chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals, Other Specialty Chemicals comprising Specialty Pigment and Dyes, and Polymer Additives.
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