Aarti Industry’s Export-Only Gujarat Unit to Serve SABIC by Q4 FY20

Aarti Industry’s new manufacturing unit as per its initiated contracts with SABIC and Monsanto, is expected to be commissioned in Q4 of FY20 and ramp-up is expected to get over by FY21. In 2017, Aarti Industries Ltd., a leading Indian manufacturer of Specialty Chemicals and Pharmaceuticals, had signed a supply contract worth INR 100 billion ($1.56 billion) with the U.S. subsidiary of Saudi Basic Industries Corp (SABIC) over a period of 20 years. As per the contract, Aarti Industries will supply specialty chemical intermediates to SABIC Innovative Plastics U.S. LLC by setting up a new manufacturing unit in Gujarat which will be export-only unit. Aarti Industries is India’s leading producer of Benzene-based basic and intermediate chemicals and a leading supplier of dyes, pigments, agro-chemicals, pharmaceuticals and rubber chemicals to consumers across the globe. The company holds 25-40% global market share across various chemical products and with this deal, the group is set to enter a new chemistry range, a first-of its-kind in India.