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(17 May 2024, 09:19)

Chemplast Sanmar signs LoI for manufacture of new pipeline of Active Ingredient

The Custom Manufactured Chemicals Division of Chemplast Sanmar has recently signed a Letter of Intent (LoI) with a global agrochemical innovator to manufacture an advanced intermediate for a new pipeline Active Ingredient (AI). The LoI covers a period of 5 years. Commercial supplies are expected to start from CY2025. This will be manufactured in the Phase 2 of its new multi-purpose production block which is on track for commissioning in Q1 FY '25.

Commenting on this, Dr Krishna Kumar Rangachari, Deputy Managing Director, Chemplast Sanmar, said “Today, we are pleased to announce that we have signed another LoI for the supply of an advanced intermediate for a new pipeline AI. This is the 4th LoI we have signed since we commenced on our expansion journey in this division. This developm...

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