HIKAL LTD. ANNOUNCES MANUFACTURING AGREEMENT WITH
BAYER CROPSCIENCE AG GERMANY FOR SUPPLY OF CROP PROTECTION ACTIVES
Mumbai, India. (March 05, 2008) – Hikal Ltd. today announced that it has signed a long term contract manufacturing agreement with Bayer CropScience AG. for supply of Active Ingredients for Crop Protection products.
“We are extremely pleased that Bayer CropScience has once again selected our company as a long term supplier for “Active Ingredients”, said Jai Hiremath, Vice Chairman & Managing Director of Hikal Ltd. “This agreement will have a substantial impact on our Crop Protection business in the coming years”.
“Hikal is recognized by Bayer CropScience as a global quality supplier. The long-term outsourcing arrangement with Hikal is a part of our global strategy.” said Dr. Wolfgang Welter, Board Member, Head of Industrial Operations & QHSE, Bayer CropScience AG Germany.
Hikal has set up a new state-of-the-art multi purpose plant at Taloja for this purpose. Supplies are expected to commence from 2nd half of 2008.
Terms of the agreement were not disclosed.
Hikal is a reliable long-term outsourcing partner to companies in the Crop Protection Products, Pharmaceuticals and Specialty Chemicals industry. The company has been supplying key active ingredients (AI) and intermediates, manufactured using stringent global quality standards, for it’s customers in the United States, Europe and Japan. Hikal’s advanced manufacturing facilities have been inspected and approved by leading global players in Crop protection and Pharmaceutical sectors. The crop protection facilities are located at Taloja and Mahad (Maharashtra). Hikal’s manufacturing activities are supported by state-of-the-art research centers and pilot plant facilities located at Bangalore and Taloja respectively. The API and pharmaceutical intermediates manufacturing facilities are situated in Jigani (Bangalore) and Panoli (Gujarat) respectively.
About Bayer Crop Science AG Germany:
Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of EUR 5.7 billion (2006), is one of the world’s leading innovative Crop science companies in the areas of crop protection, non-agricultural pest control, seeds and plant biotechnology. Bayer CropScience is represented in more than 120 countries.
For further information please contact: -
Hikal Ltd. - Sangeeta Salian @ 022 2757 4276, Email – email@example.com
CMCG India - Suparna Ganguly @ 022 2445 0991, Email – firstname.lastname@example.org