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Aether Industries has executed a Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Pvt. Ltd, a wholly owned subsidiary of USA headquartered Milliken & Company (Milliken).
Under this agreement, Aether will be the current sole contract manufacturing partner for a key strategic product for Milliken. The initial duration of the agreement is 10 years. Aether's manufacturing facility Site 3+ will be fully dedicated for this project.
This product partnership will transition from Aether's CRAMS (Contract Research and Manufacturing Services) business model to Aether’s Contract Manufacturing business model.
At 2.54 pm, Aether Industries was trading at Rs. 791, up by 0.04%, with a volume of 3671 shares on the BSE.
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