Aether Industries Limited, India’s leading speciality chemical manufacturer that focuses on advanced intermediates and speciality chemicals today announces the execution of a Contract/Exclusive Manufacturing Agreement with Chemoxy International Limited, a wholly owned subsidiary of the SEQENS Group (Seqens).
The SEQENS Group, headquartered in France, is an integrated global leader in Health, Personal Care, and Specialty Ingredients, operating 16 production sites and nine R&D centres worldwide, with an annual revenue of EUR 1.1 billion. This strategic partnership solidifies Aether’s position as a prominent player in the specialty chemicals sector.
Under this take-or-pay contract, Aether will exclusively produce a series of natural bio-based products for SEQENS Group. The contract covers an initial period of three years, with production expected to commence within the next 10 months, targeting a volume of 100+ MT per year.
Dr. Aman Desai, Whole-time Director, Ather Industries Ltd, said, “The manufacturing process, which involves advanced continuous reaction technology, was collaboratively developed by Aether and SEQENS Group over the past three years. This venture is a significant milestone for Aether’s Renewables and Sustainability business segment, further establishing Aether as a leading India-based specialty chemical manufacturer and a provider of sustainable and carbon-neutral chemistry solutions across the industry spectrum around the world.”
About Aether Industries Limited (www.aether.co.in)
Incorporated in 2013, Aether Industries Limited is a specialty chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. Aether’s vision is to create a niche in the global chemical industry with a creative approach towards chemistry, technology and systems leading to sustainable growth. Aether began commercial operations in the last quarter of FY-17 and stands to be one of the fastest growing specialty chemical companies in India. The company has an installed capacity of 9500 MT as on date and operates its state-of-the-art and DCS automated manufacturing facilities in Surat, Gujarat. Aether is ISO 9001: 2015, ISO 14001:2015, ISO 45001:2018, ISMS 27001:2013 and Indian GMP certified
