Chemplast Sanmar Ltd Signs Letter of Intent for Manufacture of Advanced Intermediate for New Pipeline Active Ingredient

The Custom Manufactured Chemicals Division of Chemplast Sanmar Ltd has signed a Letter of Intent (LoI) with a global agrochemical innovator to manufacture an advanced intermediate for a new pipeline Active Ingredient (AI). The agreement covers a period of 5 years, with commercial supplies expected to begin from CY2025. The manufacturing is set to occur in the Phase 2 of a new multi-purpose production block, scheduled for commissioning in Q1 FY ‘25. Dr Krishna Kumar Rangachari, Deputy Managing Director of Chemplast Sanmar Ltd, commented on the win, acknowledging the team's hard work and the confidence shown by customers.