Neogen Chemicals’ wholly owned subsidiary -- Neogen Ionics has incorporated wholly owned subsidiary named ‘Neogen Morita New Materials’ (NMNML) i.e. Step-Down Subsidiary of Neogen Chemicals on July 30, 2025.
NMNML is incorporated with the main object to address growth opportunities in Lithium- Ion Battery material space, especially related to electrolyte Salts needed for internal consumption for electrolytes as well as to meet global market demand. Further, Neogen Ionics is in advance discussion with Morita Chemicals Industries Co. of Japan for formation of a Joint Venture Company in India and to facilitate the same NMNML is incorporated.
Neogen Chemicals is specializing in Bromine based compounds, Grignard Reagents and Inorganic Lithium Salts.
