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Chemplast Sanmar inks LoI to manufacture advanced intermediate

11 May 2023 Evaluate

Chemplast Sanmar’s Custom Manufactured Chemicals Division (CMC Division) has signed a letter of intent (LoI) with a global agrochemical innovator to manufacture an advanced intermediate. The Custom Manufactured Chemicals Division manufactures advanced intermediates for agrochemical, pharmaceutical, and fine chemical innovators.

The LOI covers a period of 5 years. It anticipates commercial supplies to start from fourth quarter (Q4) of FY23-24. This new product will be manufactured in its new multi-purpose production block which is on track for commissioning in Q2 of FY23-24. This new LoI reaffirms the strength of its product pipeline, demonstrates its technical know-how, and its ability to combine a world-class research and development capability with a broad range of chemical technologies at a production scale.

Chemplast Sanmar is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturing of specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors.


Chemplast Sanmar Share Price

236.65 0.65 (0.28%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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