SURAT, OCTOBER 28, 2022 (GPN): Aether Industries Limited one of the fastest growing Speciality Chemicals company in India, have renewed a long-term agreement for 2 products being supplied to a leading global agrochemical innovator customer, post 3 years of successful supply under their Exclusive / Contract Manufacturing business model. The renewal is as per a clause of automatic renewal every year, post completion of the original contract duration of 3 years, agreed upon by the Parties in the long-term agreement signed 3 years ago.

This renewed contract will enable Aether to add to their top line by approximately Rs. 100 crores in FY-23.

These two products were developed by Aether initially under the CRAMS (Contract Research and Manufacturing Services) business model and were subsequently transferred to the Exclusive / Contract Manufacturing business model by the customer. With more than 5 years of business relations across various projects in both the CRAMS and Exclusive / Contract Manufacturing business models, Aether foresees continuous growth in their business with this leading global agrochemical innovator customer.

Speaking about the development, Dr. Aman Desai, Promoter and Whole Time Director of Aether Industries, said, “the renewal of this contract is a significant achievement for us and further strengthens our relationship with this global innovator agrochemical company. This renewal will also make a substantial contribution to our Exclusive / Contract Manufacturing business model revenues in the current fiscal year itself.”Ends

About Aether Industries Limited (Aether): 

Incorporated in 2013, Aether Industries Limited is a speciality chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. Our vision is to create a niche in the global chemical industry with a creative approach towards chemistry, technology and systems leading to sustainable growth. We began commercial operations in the last quarter of FY17 and stand to be one of the fastest growing specialty chemical firms in India. The company has an installed capacity of 6000 MT as on date and operates its state of the art and DCS automated manufacturing facilities in Surat, Gujarat. We are ISO 9001: 2015, ISO 14001:2015, ISO 45001:2018, ISMS 27001:2013 and Indian GMP certified.