India's Excel Industries signs 5-year deal for niche chemical supply

Excel Industries Limited, a pioneer in indigenous chemical technology and sustainable waste management, is pleased to announce the signing of a long-term agreement with a leading Multinational Company for the supply of a niche chemical. This contract, spanning 5 years, is projected to generate estimated revenue of INR 50-70 Crores (~$6-8.4 million) for the Company over the duration of the contract.

This agreement will be the starting point for the Excel’s entry into Contract Manufacturing. Excel Industries has over the years developed expertise in certain chemistries which will enable Excel to provide value added contract manufacturing offerings to customers.

Commenting on this development, Mr. Ravi Ashwin Shroff – managing director said, “We are pleased to announce this long-term supply agreement with a reputed Multinational Company. We firmly believe that opportunities like these will open up pathways for a significant growth in Contract Manufacturing, and we are confident that our expertise in diverse chemistries will continue to unlock new opportunities for us. We look forward to exploring new avenues for growth in manufacturing opportunities in the high-value chemical space.

We believe contract manufacturing would be promising growth driver for Excel Industries in the future. We will continue to engage with customers to expand the business in Excel Industries in the coming years”

Note: The content of this press release has not been edited by Fibre2Fashion staff.

ALCHEMPro News Desk (HU)