Page 132 - CW E-Magazine (2-7-2024)

Top Stories

LONG-TERM SUPPLY AGREEMENT

Excel Industries inks contract manufacturing deal

with MNC

Mumbai-based Excel Industries Ltd.
has announced its debut in the contract
manufacturing area with the signing of
a long-term agreement with a leading
multinational company for the supply
of a niche chemical. The names of the
company and the chemical were not
disclosed.

The contract, spanning 5 years, is
projected to generate estimated revenue
of Rs. 50-70-crores for the company
over the duration of the contract.
diverse chemistries will continue to un- to engage with customers to expand
Commenting on the development, lock new opportunities for us. We look the business in Excel Industries in the
Mr. Ravi Ashwin Shroff, Managing forward to exploring new avenues for coming years” Excel Industries specia-
Director of the company, said, “We fi rmly growth in manufacturing opportunities lises in agrochemical intermediates,
believe that opportunities like these in the high-value chemical space. We specialty chemicals, polymer inputs and
will open up pathways for a signifi cant believe contract manufacturing would pharmaceutical API and intermediates.
growth in contract manufacturing, and be promising growth driver for Excel It operates three manufacturing sites in
we are confi dent that our expertise in Industries in the future. We will continue Roha, Lote and Vishakhapatnam.
LOGISTICS
Brenntag India opens new EDGE-certifi ed green

warehouse in Haryana

German chemicals and ingredients tion (IFC), a member of the World Bank “We are thrilled to be able to push
distribution major, Brenntag, has an- Group. It is designed to help buildings the envelope to reduce our environmen-
nounced the opening of a new state- achieve resource effi ciency in energy, tal footprint with our green warehouse,”
of-the-art green warehouse, purposed- water, and materials to make buildings said Dr. Alok Sharman, Managing
built for Brenntag India by Harshna more sustainable, cost-effective, and Director of Brenntag India. “During the
Agro Fresh Pvt. Ltd., a leading supply environmentally friendly. conceptualisation phase, we focused
chain and logistics solutions provider. on selecting an optimal location with
The warehouse is a single-story facility The new warehouse is in the city excellent transport connections and in-
with ambient and cold storage space as of Sonipat, about 50 kms from Cen- corporating sustainability aspects. The
well as ancillary offi ce space. tral Delhi, in Haryana, and will cater warehouse features specially insulated
to industries such as pharma, nutrition, walls to enhance energy effi ciency, and
Harshna has received the EDGE beauty and care, material science, and we maximise the use of natural lighting
(Excellence in Design for Greater others. Brenntag said the facility will to reduce energy consumption. We im-
Effi ciencies) Advanced Certifi cation, in serve “over 70 percent of its customers plemented a well-designed natural venti-
recognition of its commitment to sus- in Northern India effi ciently and sus- lation system to minimise the need for
tainability and eco-friendly practices. tainably, which were motivating fac- air conditioning, even in the hot climate
EDGE is a globally recognised green tors for consolidating all three existing of India. Additionally, we installed
building certifi cation system developed warehouses in North India under the solar panels and a water harvesting
by the International Finance Corpora- new warehouse facility”. system to conserve resources.”

132 Chemical Weekly July 2, 2024

Contents Index to Advertisers Index to Products Advertised