03 June 2008 15:33 [Source: ICIS news]
MUMBAI (ICIS news)--India’s Atul Industries has signed a long-term contract with a subsidiary of the Dutch melamine producer DSM for the supply of polymer performance additives based on phosgene chemistry, an official from the Indian firm said on Tuesday.
“This contract would be mutually beneficial to both the companies - Atul and Stamicarbon [the DSM subsidiary] - and would particularly help Atul in becoming a leading supplier of phosgene-based chemicals,” he added.
“Phosgene chemistry is the core competency developed by Atul’s pharmaceuticals and intermediates division,” he said
Stamicarbon has patented the application of this specialty chemical for use in polyamides, the source added.
"According to the contract, the company would manufacture the specialty chemical and sell it to DSM, which would market it as their brand under a technical package,” he said.
"To start with we would manufacture the polymer performance additive at our plant in Valsar, ?xml:namespace>
However, within one year the company planned to set up a plant fully dedicated to the manufacturing of these polymer performance additives as they expected an increase in demand following the long-term contract with DSM, he added.
The sales of these additives were expected to grow gradually over the next few years, he added.
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