Hikal in supply pact with Bayer
Chemicals and pharmaceuticals maker Hikal said on Wednesday said that the company has signed a long-term deal with Bayer CropScience, a unit of Germany’s Bayer, for supplying active ingredients for crop protection products.
By TNN |
Chemicals and pharmaceuticals maker Hikal said on Wednesday said that the company has signed a long-term deal with Bayer CropScience, a unit of Germany���s Bayer, for supplying active ingredients for crop protection products, reports Our Bureau in Mumbai.
The financial details of the deal is not disclosed. Hikal will start supplies from the second half of 2008. ���The new product would cater to the anti-fungal segment of crop protection and the company would expand its manufacturing facility at Taloja in Mumbai to manufacture the new product,��� Hikal vice-chairman and managing director Jai Hiremath told ET.
The market size of the new product is estimated at around $100 million.
The financial details of the deal is not disclosed. Hikal will start supplies from the second half of 2008. ���The new product would cater to the anti-fungal segment of crop protection and the company would expand its manufacturing facility at Taloja in Mumbai to manufacture the new product,��� Hikal vice-chairman and managing director Jai Hiremath told ET.
The market size of the new product is estimated at around $100 million.
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