Tata Chemicals has informed exchanges that the wholly-owned subsidiary Tata Chemicals (Soda Ash) Partners (“TCSAP”) has on December 31, 2020, exercised its right and served a notice to withdraw from American Natural Soda Ash Corporation (“ANSAC”), through whom a large part of their export sales was effected, effective December 31, 2022 (‘termination date’).
Tata Chemicals in its regulatory filing said, "TCSAP will continue to fulfil all of its obligations as a member of ANSAC until the termination date including utilising ANSAC as its exclusive export sales outlet for all of its US-produced soda ash sold to all territories serviced by ANSAC."
"Tata Chemicals will focus on developing an integrated world-class customer-centric global sales organisation, serving customers diverse needs from locations in India, UK, Kenya and USA," Tata Chemicals added.
On Sensex, Tata Chemicals ended at Rs489.20 per piece up 1.97%.