India’s leading custom synthesis and specialty chemical manufacturing company, Anupam Rasayan India Ltd has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for the establishment of new plants worth Rs. 670 crores. These plants will be built in Gujarat’s Jhaghadia and Sachin. The plants are expected to be operational by 2025. The majority of the plants will be dedicated to producing Fluorochemicals to meet the needs of existing and potential clients in the Agrochemical, Polymers, and Pharma sectors in Japan, Europe, and America.
The Managing Director of Anupam Rasayan Mr. Anand Desai said, we are pleased to announce the MoU we have signed with the Gujarat Government for the establishment of three new plants in Surat and Bharuch. The Rs. 670 crore investments is part of a strategic move to expand our operations and strengthen our manufacturing capabilities. The new units will help to boost our growth prospects and diversify our product offering.
The company has also signed a Letter of Intent (LoI) worth $120 million (984 crores) with a leading Japanese chemical company to supply new age advance intermediate for life science active ingredient over the next six years. This product will be produced in their existing and future multipurpose manufacturing facilities. Mr Desai Added that, this molecule’s sales will be among the highest for the company. This molecule is based on fluorination chemistry, which validates our fluorination expansion strategy. This product is being manufactured in India for the first time, in accordance with the government’s make in India policy.
