Anupam Rasayan, a custom synthesis and speciality chemical company, has signed a Letter of Intent (LoI) worth ₹507 crore for the next nine years with a leading Japanese chemical company to supply new-age polymer intermediate. The supply will commence in 2024. As per the press release, the product will be manufactured at the existing and new multipurpose manufacturing facilities.
Anand Desai, Managing Director, Anupam Rasayan said, “We are happy to announce that we have signed the LOI with a renowned Japanese multinational, who we are excited to add to our customer portfolio to whom we will be supplying new age polymer intermediate. The molecule will be utilised as an intermediate for thermoplastic polymers, which find uses in structural materials in the aerospace industry, semiconductor process material, electrical and electronic devices, and high-performance industrial machinery. As we are fully backwards integrated for this molecule, we can provide supply chain assurance to the customer without dependencies on supplies from other geographies. The signing of the LOI represents a significant milestone for us, further cementing our position as a trusted provider of high-end polymer intermediates. We are excited about the opportunities this partnership brings”.
