Deals17 Jun 2025, 02:30 pm
Aether Industries Limited Signs 10-Year Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Private Limited
AI Summary
Aether Industries Limited (Aether) has announced the execution of a Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Private Limited, a wholly owned subsidiary of USA headquartered Milliken & Company (Milliken). The agreement, which has an initial duration of 10 years, makes Aether the sole contract manufacturing partner for a key strategic product for Milliken. The project will be fully dedicated at Aether's manufacturing facility Site 3+, transitioning from Aether's CRAMS (Contract Research and Manufacturing Services) business model to Aether’s Contract Manufacturing business model.
Key Highlights
- Aether Industries Limited has signed a 10-year Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Private Limited.
- Aether will be the sole contract manufacturing partner for a key strategic product for Milliken.
- The agreement has an initial duration of 10 years.
- Aether's manufacturing facility Site 3+ will be fully dedicated to this project.
- The partnership will transition from Aether's CRAMS business model to Aether’s Contract Manufacturing business model.