Atul has successfully secured a contract manufacturing deal with Stamicarbon and DSM Licensing Centre for phosgene-based polymer performance additives used in polyamides.
Atul will manufacture the additives based on guidelines given by Stamicarbon with DSM marketing the product worldwide under its brand name.
And this could just be the start as DSM has proposed to strengthen the relationship with Atul for more custom synthesis and development work, says Jagdish Shah, executive director at Atul.
ICIS news also reported that within a year Atul would set up a new plant fully dedicated to the manufacturing of these polymer performance additives as it expected an increase in demand following the long-term contract with DSM