Seya Industries has entered into a Long-term export contract for Supply of one of its key products to a major Chinese Specialty Chemical Company. The supply contract is initially for a period of one year and of around $5 million. The contract is extendable for a period of 3 years with Total Value of upto $20 million. The company has commenced the exports for the contract.
The maiden foray through this contract will open up the market potential in the medium term. The long-term contract would contribute to sustainable volume pick up and utilization of its existing capacity. As a part of this contract terms, the customer shall provide a certain advance to the company in instalments, which shall be adjusted against supplies in future.
Seya Industries is engaged in manufacturing and exporting of Pigment, Pharmaceuticals, Agrochemicals and Rubber chemicals intermediates.