Business Update23 Apr 2024, 03:11 am
Shish Industries Ltd Signs 5-Year Trade Agreement with Best Construction Products Inc. for Minimum Export of USD 37.5 Million
AI Summary
Shish Industries Ltd, a leading Indian company specializing in the production and supply of Construction, Packaging & Thermal Insulation related Products, has signed a 5-year trade agreement with USA based entity Best Construction Products Inc. The agreement requires Shish Industries to supply a variety of agreed construction products, with a minimum export value of USD 37.5 million (approx. INR 312 crores present value). The parties have agreed on dynamic pricing based on raw material pricings, actual freight charges, quality assurance, and more. BCP, in turn, has committed to a minimum purchase year on year, with a 3% compensation for any shortage in that quantity, given as an advance deposit to Shish Industries.
Key Highlights
- Shish Industries signs 5-year trade agreement with Best Construction Products Inc.
- Minimum export value of USD 37.5 million (INR 312 crores)
- Parties agree on dynamic pricing, raw material pricings, freight charges, and quality assurance
- BCP commits to minimum purchase year on year with a 3% compensation for shortage
- Shish Industries launches world's 1st revolutionary packaging industry unifying platform, declares robust FY23-24 results
- Shish Industries is a trusted manufacturer & exporter of plastic corrugated sheets, PP box, FIBC Bags, PP/PE woven fabric, tarpaulin, and shipping packaging supplies