"Anupam Rasayan Inks $61 Million Letter of Intent with Prominent Japanese MNC Chemical Company"

"Anupam Rasayan Secures $61 Million Letter of Intent for 9-Year Supply Agreement with Leading Japanese Chemical Company

Anupam Rasayan, a prominent player in India's custom synthesis and specialty chemicals sector, has inked a Letter of Intent (LOI) valued at $61 million (₹507 crores) for the next nine years. The agreement is with a leading Japanese chemical company and involves the supply of a new age polymer intermediate. The commencement of supply is scheduled for the calendar year 2024, and the manufacturing will take place in Anupam Rasayan's existing and new multipurpose manufacturing facilities.

Anand Desai, the Managing Director of Anupam Rasayan, expressed satisfaction with the LOI, stating, "We are pleased to announce that we have signed the LOI with a renowned Japanese multinational, who we are excited to add to our customer portfolio. We will be supplying this new age polymer intermediate, which serves as an integral component for thermoplastic polymers. These polymers are utilized in various applications, including structural materials in the aerospace industry, semiconductor process materials, electrical and electronic devices, and high-performance industrial machinery. Being fully backward integrated for this molecule, we can provide supply chain assurance to the customer without dependencies on supplies from other geographies.

The signing of this LOI marks a significant milestone for us, reinforcing our position as a trusted provider of high-end polymer intermediates. We are enthusiastic about the opportunities and growth potential that this partnership brings to Anupam Rasayan."

EQUITYBULLS