Chemplast Sanmar Deputy Managing Director Krishna Kumar Rangachari
Chemplast Sanmar Ltd.’s Custom Manufactured Chemicals Division (CMCD) just lately entered signed a letter of intent (LoI) with a world agrochemical innovator firm to manufacture an advanced intermediate for a longtime generic Active Ingredient.
The LOI is for a interval of 5 years. The industrial provides are anticipated to begin from the 4 quarter of FY24. The new product could be manufactured within the firm’s new multi-purpose manufacturing block, which is on observe for commissioning in second quarter, the corporate mentioned in a press release.
“This new LoI reaffirms the strength of our product pipeline, demonstrates our technical know-how, and our ability to combine a world-class research and development capability with a broad range of chemical technologies at a production scale,” mentioned deputy managing director Krishna Kumar Rangachari.
The CMCD manufactures advanced intermediates for agrochemical, pharmaceutical, and nice chemical innovators.
