Aether Industries signs a long term master supply agreement with Polaroid

27 Nov 2022 , 01:34 AM

Aether Industries has executed a long-term Master Supply Agreement MSA with Europe based Polaroid Polaroid is the holding company of the global Polaroid group of companies which is best known and world-famous for its instant photography products The MSA includes cooperation in the areas of RD and manufacturing services for Polaroid Film instant photography chemistry as well as Polaroid Sciences new chemistry in fields of sustainability and medical use Consequentially the MSA proposes the groundwork for building on the current business as well as the creation of new research and supply agreements between the two companies The MSA anticipates based on historical data of the existing supply agreement between the two companies an overall revenue of USD $ 15 million approximately Rs 1215 crore over the partnership period of minimum 3 years The revenues from additional research and supply agreements with the Polaroid Sciences division is not yet included and will add to the aforementioned This partnership contributes to the CRAMS Contract Research and Manufacturing Services business model of Aether Industries This business model has already seen a growth of 68Percentage year on year for Aether and this new MSA with Polaroid is expected to further fuel this growth