Indian specialty chemicals manufacturer, Anupam Rasayan, has announced a new partnership with US-based Elementium Materials Inc. The company will supply chemicals for electric vehicle (EV) batteries under a letter of intent (LOI) signed between the two firms. The supply is expected to begin by the end of fiscal 2026, according to a regulatory filing.
Once product development is completed, Anupam Rasayan and Elementium Materials will negotiate a five-year supply agreement, with sales projected between $350 million and $450 million. Anand Desai, Managing Director of Anupam Rasayan, emphasized that this product will help customers produce cost-effective, high-performance EV batteries.
Initially, the chemicals will be supplied from Anupam Rasayan’s existing manufacturing plants. However, the company plans to build new facilities to meet full production capacity. Matthew Dawson, CEO of Elementium Materials, highlighted that this collaboration is a key part of their strategy to create a diversified and resilient global supply chain.
Anupam Rasayan, established in 1984, is a well-known player in India’s specialty chemicals sector. The company specializes in producing custom synthetic chemicals and advanced intermediates for industries such as pharmaceuticals, agrochemicals, and personal care. With a strong focus on research and development (R&D), Anupam Rasayan manufactures a variety of chemical compounds, including active ingredients, intermediates, and agrochemical formulations.
The company is recognized for its high-quality products and expertise in contract manufacturing. Anupam Rasayan operates several state-of-the-art manufacturing plants across India, emphasizing sustainability, safety, and innovation in its production processes. This commitment to environmental responsibility is evident in its environmentally friendly manufacturing practices.
Serving customers in over 25 countries, Anupam Rasayan continues to expand its global footprint through technical expertise and strategic partnerships. The company’s focus on enhancing its product portfolio and offering value-driven solutions highlights its dedication to growth and long-term success in the specialty chemicals industry.
