Metals & Mining News

zinc alloys: Hindustan Zinc to have 30% value-added products in its portfolio by FY25-end, says CEO

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Hindustan Zinc plans to have 30% value-added products in its portfolio by the end of 2024-25 (Apr-Mar) which will help it have a stronger pricing power and profitability irrespective of the commodity cycle, chief executive officer Arun Misra said.

“Last year we embarked on making zinc alloys because we believe (zinc) consumption will not only be for galvanizing, you will also see consumption of alloys,” Misra told ET in an exclusive interaction. “More smart cities will also lead to a higher consumption of alloys, rather than direct zinc,” he said.

The company currently has about 17-18% value-added products in its portfolio which it plans to increase to 20% by the end of the year, and then further scale it up to 30% by the end of the next financial year. “…going ahead, looking at the success, I am quite confident that over the next year or two, Hindustan Zinc will have many variants of different type of finished products like zinc sheet, zinc wire…all these will come in our fold apart from our mainstay business,” Misra said.

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