Cohizon Lifesciences inks $20 million specialized herbicide supply agreement

Commercial production and supply are scheduled to begin from next financial year.

Cohizon Lifesciences has signed a multi-year contract of about US$ 20 million with an innovator customer for the supply of specialized herbicide globally. The company’s board has approved capex for a new herbicide plant specifically for this project which is under construction at one of its sites in Ankleshwar.

Commercial production and supply are scheduled to begin from next financial year.

Commenting on this development, Rajesh Kumar Srivastava, MD & CEO, Cohizon Lifesciences said: “My sincere appreciation goes to all our colleagues whose dedication and hard work made this success possible. Our growth strategy centred on two equally important priorities i.e strengthening and growing existing Ag intermediates and Actives business while diversifying into new focused specialty chemicals industry segments viz. specialty additives, flavour & fragrances, hair care, electronic & coating chemicals.”