Navin Fluorine Extends Honeywell Contract to $590M

Navin Fluorine International Ltd announced an amendment to its 7-year contract with Solstice Advanced Materials US, Inc. (assignee of Honeywell International Inc.) for the manufacture and supply of Hydrofluoroolefins (HFO). The contract, initially valued at $410 million, has been extended by 4 years to December 2032. This extension increases the total contract value to approximately $590 million over an 11-year period. The amendment was approved by the Board of Directors of Navin Fluorine Advanced Sciences Limited (NFASL), a wholly-owned subsidiary, and pertains to operations at its Dahej site.