Aether Industries, a speciality chemical manufacturer, has recently announced its partnership with Saudi Aramco Technologies Company. This collaboration aims to manufacture and commercialise the converge polyols technology and product line. The two companies have already developed and validated the manufacturing process on a pre-commercial scale.

To this effect, Aether Industries has signed a letter of intent (LoI) with Saudi Aramco Technologies. As per the agreement, Aether Industries aims to generate Rs 150-200 crore in revenue. This collaboration will help the company to expand its reach and increase its market share.

Aether has worked with Saudi Aramco on the CRAMS (Contract Research and Manufacturing Services) business model for the past few years. Aether will now source the same products from the CRAMS business model and commercialise and manufacture them under an exclusive or contract manufacturing business model.

This new partnership is a step towards Aether’s long-term strategy of expanding its product line and increasing its revenue. Aether is committed to providing high-quality speciality chemicals to its customers, and this collaboration will help the company to achieve its goals.

The speciality chemical industry is highly competitive, and collaborations like this one help companies to stay ahead of the competition. This partnership with Saudi Aramco Technologies will enable Aether Industries to access new technologies and manufacturing processes that will help the company to improve its product offerings and quality.