Custom Manufactured Chemicals Division of Chemplast Sanmar Ltd signs LoI

The Custom Manufactured Chemicals Division of city-based Chemplast Sanmar Ltd has signed a Letter of Intent to manufacture an advanced intermediate with a global agrochemical innovator, the company said on Friday.

The Custom Manufactured Chemicals division manufactures advanced intermediates for agrochemical, pharmaceutical, and fine chemical innovators.

The division has invested in state-of-the-art production blocks, pilot and research and development facilities to handle a wide range of chemistries and processes, Chemplast Sanmar said in a statement.

''Last quarter, we announced that we have been selected to manufacture an intermediate for an established generic Active Ingredient. Today, we are pleased to announce that we have signed a letter of intent for this intermediate with a global agrochemical innovator company,'' company deputy managing director Krishna Kumar Rangachari said.

''The letter of intent covers a period of five years. We anticipate commercial supplies to start from 4Q of FY23-24. This new product will be manufactured in our new multi-purpose production block which is on track for commissioning in 2Q of FY23-24'', he said in a statement.

The new letter of intent 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, he said.

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