Ami Organics and Fermion ink multi-year, multi-tonne, multi-million dollar agreement for API
Chemical

Ami Organics and Fermion ink multi-year, multi-tonne, multi-million dollar agreement for API

The product is expected to start contributing meaningfully to the revenue from FY25

  • By ICN Bureau | September 15, 2023

Ami Organics Limited, a leading global manufacturer of advanced pharmaceutical intermediates (API) and speciality chemicals, has signed another definitive multi-year, multi-tonne agreement with Fermion, a fully owned subsidiary of Orion Corporation, Finland. As part of the agreement, Ami Organics will supply an additional advanced pharmaceutical intermediate to Fermion. 

Based on the supply projection shared by Fermion, the total minimum contract value is expected to be multi-million dollar, spread across a multi-year horizon and the product is expected to start contributing meaningfully to the revenue from FY25. 

Ami Organics had signed its first agreement with Fermion in November 2022 for supply of an advanced pharmaceutical intermediate. This agreement is in addition to the previous agreement and further increases the total value of the CDMO contract with Fermion.  

Commenting on development, Naresh Patel, Executive Chairman & Managing Director, Ami Organics Limited said, “I am delighted to extend this partnership with Fermion, appreciating the confidence they have placed in our dedication and excellence. This new agreement marks a significant stride forward in our collaboration. Our ongoing discussions with all our customers centre around delivering more value-added products and this agreement is testimony to our shared objectives. |am confident that we will continue to have quality dialogue with Fermion and other valued customers, paving the way for further opportunities to strengthen our relationships in the future.”

Register Now to Attend Gujarat Chem & Petchem Conference 2025 on May 8-9th 2025, at Hyatt Place, Bharuch

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2025 on June 18-19th 2025, The Leela Mumbai

Other Related stories

Startups

Petrochemical

Energy

Digitization