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Aimco Pesticides signs multi-year contract manufacturing deal with Indian agrochemical major
Posted On: 2021-04-07 05:11:48 (Time Zone: Arizona, USA)
Aimco Pesticides Limited, India s reputed, integrated agrochemicals company, announced that it has executed a 3 year contract manufacturing agreement for one of its existing product with an Indian agrochemical major (hereinafter referred as Customer ).
The contract entails a 3-year supply agreement with the Customer commencing 1st April 2021, for one of the Company s existing Technical product. The company expects production to fully-stabilize by June 2021, during which production will ramp-up to the desired levels. Over the tenure of the contract, the company expects to generate revenues of approximately ₹225-250 crores. The Company has already incurred a capital outlay of ₹5 crores and further investment of ₹10 crores in plant & machinery, debottlenecking, utility & safety, effluent treatment facility, and warehousing