Aether Industries has executed a long-term Supply and Sales Agreement on March 3, 2023 with Otsuka Chemical Company, Japan, along with Chori Company, Japan (being the Agent of Otsuka Chemical Company).
The Agreement is executed for supply and sale of specific existing specialty intermediates of Aether Industries to the Otsuka Chemical Co., Japan. The Agreement is for supply and sales by Aether Industries to Otsuka Chemical Co., Japan for a period of 10 years, which will be enhanced for further period (after 10 years) with mutual consent of both the parties to the Agreement.
At maturity, within 3 years, a combined quantity of 300 MT (of the products) per year will be supplied by Aether Industries to Otsuka Chemical Co., Japan, and hence the revenue potential for the said agreement would Rs 510 million per year in the Large-Scale Manufacturing business model. Aether Industries will be exclusive supplier to Otsuka Chemical Co., Japan for the products for which the Agreement is executed.
Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
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