Deals30 Oct 2023, 11:32 pm
Chemplast Sanmar Limited Signs Letter of Intent for Pipeline Active Ingredient Manufacturing
AI Summary
The Custom Manufactured Chemicals Division of Chemplast Sanmar Limited has signed a Letter of Intent (LOI) with a global agrochemical innovator to manufacture a new pipeline Active Ingredient (AI). The LOI covers a period of 5 years, with commercial supplies expected to start from CY 2025. This new product will be manufactured in the company's recently commissioned production block.,
Key Highlights
- Signs Letter of Intent for Pipeline Active Ingredient Manufacturing
- First Time Involved in Manufacture of an Active Ingredient
- Third LOI Signed in 12 Months
- Reiterates Customers' Confidence in Company's Ability to Integrate Research and Development with Production Scale