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Jubilant Sets up Global Scale Capacities for Symtet – Developed Through Inhouse R&D

March 8, 2011

NOIDA, India, March 8, 2011 /PRNewswire/ –

– SYMTET is the Key Ingredient for Chlorpyrifos ( World’s Largest
Insecticide)

Jubilant Life Sciences Ltd (formerly Jubilant Organosys Ltd) an
integrated Pharma and Life Sciences company and the largest Custom Research &
Manufacturing player out of India, announced today that it is setting up a
manufacturing plant for “2,3,5,6-Tetra Chloro Pyridine” (also commercially
known as Symtet/TCP) of 24,000 TPA capacity and Chlorinated Pyridine
derivatives of 5,000 TPA,in Special Economic Zone, at Bharuch, Gujrat.

Symtet is used in the manufacturing of Chlorpyrifos, one of the world’s
largest and safest, low cost Insecticide, having a growth of ~ 7% globally.
This facility is expected to be operational from Q4 FY2012 and will make
Jubilant the largest producer of Symtet globally, catering to more than 40%
of the worldwide demand.

The Company has received approvals from major customers and is in the
process of firming up long term arrangements with them. It expects to achieve
additional annual revenue of ~ US$ 90 Million from this facility.

Jubilant has developed this niche technology using Pyridine, its captive
raw material, for manufacturing Symtet through much cleaner and environment
friendly process compared to the alternate route using ‘Trichloro Acetyl
Chloride’ (TCAC).

Commenting on the development, Mr. Shyam S Bhartia, Chairman & Managing
Director and Mr. Hari S Bhartia, Co-Chairman & Managing Director, Jubilant
Life Sciences Ltd, said, “Jubilant will be the only company in the world
manufacturing Symtet through this environment friendly technology, developed
by inhouse R&D having complete backward integration upto the basic feed
stock. Through this technology Jubilant has identified additional use of
Pyridine. It will provide an innovative solution to its customers by
providing a penultimate intermediate using single step chemistry leading to a
better quality agrochemical product with higher yield.”

About Jubilant

Jubilant Life Sciences Limited (formerly Jubilant Organosys Ltd) is an
integrated Pharma and Life Sciences Company. It is the largest Custom
Research and Manufacturing Services (CRAMS) player and a leading Drug
Discovery and Development Solution (DDDS) provider out of India. The Company
provides Life Sciences products and services across the value chain. With 10
world-class manufacturing facilities and a team of ~ 5700 multicultural
people across the globe, the Company is committed to deliver value to its
customers spread across 60 countries. The Company is well recognized as a
‘Partner of Choice’ by leading life sciences companies worldwide. For more
info: http://www.jubl.com

For more information please contact:

Statements in this document relating to future status, events, or
circumstances, including but not limited to statements about plans and
objectives, the progress and results of research and development, potential
product characteristics and uses, product sales potential and target dates
for product launch are forward-looking statements based on estimates and the
anticipated effects of future events on current and developing circumstances.
Such statements are subject to numerous risks and uncertainties and are not
necessarily predictive of future results. Actual results may differ
materially from those anticipated in the forward-looking statements. Jubilant
Life Sciences may, from time to time, make additional written and oral
forward looking statements, including statements contained in the company’s
filings with the regulatory bodies and its reports to shareholders. The
company assumes no obligation to update forward-looking statements to reflect
actual results, changed assumptions or other factors.

Jubilant Life Sciences Ltd – A Jubilant Bhartia Company

1 A Sector 16 A, Noida-201301, UP India, Tel: +91-120 2516601-11,
http://www.jubl.com

    For Business:
    Rajesh Srivastava
    Jubilant Life Sciences Limited
    Ph: +91-120-4361201
    Email:rajesh_srivastava@jubl.com

    For Investors
    Nidhi Aggarwal
    Jubilant Life Sciences Limited
    Ph: +91-120-4361002
    E-mail: nidhi_aggarwal@jubl.com

    For Media
    Seema Ahuja
    Jubilant Life Sciences Limited
    Ph: +91-120-4361062
    E-mail: seema_ahuja@jubl.com

SOURCE Jubilant Life Sciences Ltd


Source: newswire



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