Astec Lifesciences has commenced commercial production at its new state of the art manufacturing facility. The said facility is located at company's new site in MIDC at Mahad. Pursuant to commencement of commercial production, the company expects this to contribute significantly to growth in terms of sales and profitability. Besides, the said facility incorporates proprietary process technology developed by its customer.
The above facility is in line with the MOU entered by the company with a multinational agrochemical major for a long term mutually exclusive confidential contract to supply an herbicide.
Further, with a view to set up additional manufacturing facilities and for future expansions, the company had already acquired land admeasuring approximately 40,000 square meters (10 acres).
Astec LifeSciences is a producer of agrochemicals and pharmaceutical intermediates. The company manufactures a wide range of Agrochemical active ingredients and pharmaceutical intermediates.
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UPL | 510.20 |
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