Anupam Rasayan signs $90m deal with Japanese firm for advanced chemical intermediates
Anupam Rasayan India Ltd. (NSE, BSE: ANURAS), a leading player in the custom synthesis and specialty chemicals sector in India, has marked a significant milestone by signing a Letter of Intent (LOI) worth approximately $90 million (₹743 crores) over the next seven years. This agreement, with one of Japan’s foremost companies in Fluorochemicals, is set to supply two advanced intermediates utilizing fluorination chemistry. This collaboration underscores Anupam Rasayan’s strategic expansion and its commitment to manufacturing these pivotal molecules in India for the first time, emphasizing the company’s pioneering role in the specialty chemicals industry.
The deal not only highlights the financial magnitude but also the technological and strategic advancements it brings to Anupam Rasayan. The molecules will be produced in the company’s existing facilities and those slated for commercialization soon, focusing on the application in pharmaceuticals and engineering fluids. This partnership signifies Anupam Rasayan’s growing influence in the global chemical sector and its capability to foster significant international collaborations, particularly with key players in the Japanese market.
Anand Desai, Managing Director of Anupam Rasayan, expressed his enthusiasm about the partnership, stating, “We are pleased to announce the signing of a Letter of Intent (LOI) with one of the largest Japanese players in Fluorochemicals.” He highlighted the strategic importance of this LOI in expanding Anupam Rasayan’s customer base and strengthening its position in the Japanese market as a reliable supplier of specialized molecules.
Founded in 1984, Anupam Rasayan India Ltd. (ARIL) has established itself as a formidable name in the custom synthesis and specialty chemical manufacturing arena in India. With a focus on life science-related specialty chemicals, including products for agrochemicals, personal care, and pharmaceuticals, as well as other specialty chemicals like specialty polymer additives, ARIL has demonstrated a consistent ability to cater to a diverse customer base, including 29 multinational companies.
Operating out of six manufacturing facilities located in Gujarat, India, with an aggregate installed capacity of about 27,000 MT as of December 31, 2023, ARIL prides itself on its capability to perform multistep synthesis and handle complex chemical reaction technologies. This latest agreement with the Japanese fluorochemicals company is a testament to Anupam Rasayan’s expertise and its strategic vision for global expansion and innovation in the specialty chemicals sector.