Deals22 Aug 2024, 08:04 pm
Aether Industries Inks Contract Manufacturing Agreement with SEQENS Group for Bio-based Products
AI Summary
Aether Industries Ltd has executed a Contract Manufacturing Agreement with Chemoxy International Limited, a wholly-owned subsidiary of the SEQENS group. The SEQENS group is an integrated global leader in Health, Personal Care, and Speciality Ingredients. Under this take-or-pay contract, Aether will produce a series of natural bio-based products exclusively for Seqens over the next 10 months with a volume of 100+ MT per year. This venture marks a significant milestone for Aether’s Renewables and Sustainability business segment, enhancing its reputation as a leading India-based speciality chemical manufacturer and provider of sustainable and carbon-neutral chemistry solutions across the industry spectrum.
Key Highlights
- Aether Industries Ltd has signed a Contract Manufacturing Agreement with Chemoxy International Limited, a subsidiary of the SEQENS group.
- The SEQENS group is an integrated global leader in Health, Personal Care, and Speciality Ingredients.
- Aether will produce a series of natural bio-based products exclusively for Seqens under a take-or-pay contract.
- The production is expected to commence over the next 10 months with a volume of 100+ MT per year.
- This venture marks a significant milestone for Aether’s Renewables and Sustainability business segment.