Indo Amines Ltd ties up with Japan Tech Corporation
Mohan | Myequity news | Date: 24-07-2018 23:30:00 IST
Indo Amines Ltd has signed collaboration agreement with TOKYO based multinational JAPAN TECH CORPORATION (JTC). The Company has been reporting robust growth over the last 3 years. The Company currently exports to over 50 countries and has now tied up with Tokyo based multinational JTC for further growing its business in the region. The Company has set up their own state of the art office in Tokyo and JTC will act as an extended arm to negotiate and close deals with large leading Japanese Chemical Companies. The current Japanese business contribution around 5% of the Company’s current top line. With this significant tie-up the company expects its Japanese business to grow and contribute to around 30% of its total top line in the coming 3 years. The current order book of the company for its second quarter alone stands at around Rs 125 plus crores, this supersedes the performance of the Company against the results posted for September 2017 quarter which were standing at Rs. 85.88 crores. The projected growth in top line at the beginning of Quarter stands at a whopping 45%.
About Indo Amines Ltd
Indo Amines Limited (IAL), incorporated as public limited company in 1994, is a significant worldwide manufacturer, developer and supplier of Fine Chemicals, Speciality Chemicals, Performance Chemicals, Perfumery Chemicals and Active Pharmaceuticals Ingredients. The products manufactured find application in various industries like Pharmaceuticals, Agrochemicals, Fertilizers, Petrochemicals, Road Construction, Pesticides, Perfumery Chemicals, Dyes and Intermediates, etc. The Company Has five manufacturing Sites at Baroda, Dombivli, Rabale, Dhule , Tarapur. IAL is one of the largest manufacturing Company in south Asia in its kind.