Connect with:
Saturday / April 20. 2024
HomeAgribusinessAnupam Rasayan inks LOI with Japanese Multinational for supply of 2 advanced intermediates

Anupam Rasayan inks LOI with Japanese Multinational for supply of 2 advanced intermediates

These molecules will be produced in Anupam Rasayan’s existing facilities as well as in its soon-to-be-commercialised fluorination plants.

Anupam Rasayan, a leading player in India’s custom synthesis and specialty chemical sector, has recently inked a significant Letter of Intent (LOI) with a prominent Japanese company. The LOI, valued at approximately $90 million (Rs 743 crores) over the next seven years, entails the supply of two advanced intermediates utilising fluorination chemistry. These molecules will be produced in Anupam Rasayan’s existing facilities as well as in its soon-to-be-commercialised fluorination plants.

Commenting on the LOI, Anand Desai, Managing Director of Anupam Rasayan, said, “We are delighted to announce the signing of a Letter of Intent (LOI) with one of the largest Japanese players in Fluorochemicals. Anupam will be the first company in India to manufacture these key molecules domestically, with applications spanning both pharmaceuticals and engineering fluids. The signing of this LOI also signifies the addition of a prestigious new customer to our portfolio.”

Desai further highlighted the role of the Business Development Team in securing the deal, emphasizing their exceptional proficiency in creating opportunities that align with the company’s global expansion objectives.

He added, “This landmark LOI not only expands and diversifies our customer base but also solidifies our position in the Japanese markets as one of the most reliable partners for supplying specialized molecules to global majors.”

No comments

leave a comment