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.
