# Genofocus subsidiary signs 70 billion KRW supply contract for cosmetic ingredient with UK company

Genofocus subsidiary GF Permantec has signed an exclusive long-term supply contract worth 70 billion KRW for N-acetyl Phytosphingosine (NPY) with a UK-based global specialty chemical company, with the contract period extending until 2028.

- Type: Contract
- Announced: 2024-07-03
- Where: South Korea
- Value: $50.5M (70.0B KRW)
- Status: announced
- Products: N-acetyl Phytosphingosine (NPY), ceramide raw material
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Genofocus](https://endata.com/companies/48548.md) (supplier)
- [GF Permantec](https://endata.com/companies/78414.md) (supplier)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2024070314011599175), 2024-07-03: "With the long-term supply contract for the high value-added material NPY, we have secured a stable sales channel from this year and can achieve significant performance improvement."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.