Stamicarbon signs a long term contract with Atul on phosgene chemistry

May 29, 2008 Mumbai: Atul Ltd – one of India’s leading specialty chemicals companies - and Stamicarbon B.V, have signed a long term contract for exclusive manufacture and supply of a polymer performance additive based on Phosgene Chemistry. Stamicarbon has patented the application of this specialty/performance chemical for use in polyamides. Atul has established the manufacturing process based on initial guidelines given by Stamicarbon.

Phosgene chemistry is a core competency of Atul’s Pharmaceuticals & Intermediates division. Atul will manufacture the specialty chemical and DSM will market it worldwide under their brand. The sales are expected to grow steadily over next few years and are very promising.

While commenting on this association Mr Jagdish Shah, Executive Director, Atul Ltd said, “This is a very important milestone in Atul’s quest towards becoming a leading supplier of phosgene-based chemicals. Association with Stamicarbon will certainly boost the sales in a significant way.”
Further he added that, DSM has proposed to strengthen the relationship with Atul with more custom synthesis and development work initiated in 2008.

Atul Ltd
Atul Ltd is a member of Lalbhai Group - one of the oldest business houses of India. Atul Ltd provides innovative chemistry and manufacturing solutions to the Agriculture, Automobile, Construction, Cosmetic, Food & Beverage, Fragrance, Marine, Packaging, Paper, Pharmaceutical, Textile and other industries. Atul Ltd has six Business Divisions - Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. Atul Ltd - incorporated in 1947 is spread over 1250 acres of land. Atul is on its growth path with a turnover over more than Indian Rs 10 billion (>USD250 million) per annum. Atul's registered office is in Ahmedabad and its corporate headquarters are located in Atul, Gujarat. The Company is listed on the bourses (NSE: ATUL, BSE Code: 500027) in India and has over 35,000 shareholders. Atul also has offices in the USA, the UK, Germany, China and Vietnam that service its international customers. The Group is strongly committed to serve the society in the fields of education, health as well as culture.

DSM
DSM creates innovative products and services in Life Sciences and Materials Sciences, contributing to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and enjoyable way of living. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics & electronics, life protection and housing.

Stamicarbon
Stamicarbon/DSM Licensing Center (DLC) is the licensing subsidiary of DSM, selling licenses, know-how and related services to the chemical and related industries. Stamicarbon/DLC is actively licensing state-of-the-art technologies such as: Urea, Unsaturated Polyester Resin, Caprolactam, LldPE, Symphase^®, Freshure^®, Subcoal and ALLINCO^®.