Page 145 - CW E-Magazine (11-3-2025)

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GROWTH PLANS

‘Hindustan Zinc on track to double metal production

in fi ve years’

Vedanta Group fi rm, Hindustan Zinc duction capacity is 1.1-mtpa. The com- Over the past fi ve years, the com-
aims to double its metal production to pany, she said, is also expanding into pany’s metal production has grown at a
two million tonnes per annum (mtpa) critical minerals and has been declared compound annual growth rate (CAGR)
within the next fi ve years, according to the preferred bidder for several blocks of four percent, while silver production
Chairperson Ms. Priya Agarwal-Hebbar. across the country. has expanded to fi ve percent.

“With India’s expansion in steel Hindustan Zinc’s roaster and fertiliser Hindustan Zinc, the world’s second-
capacity and a strong focus on infra- plant projects are on track, strengthening largest integrated zinc producer and
structure, Hindustan Zinc is on track its growth pipeline. the third-largest silver producer, had
to double its production to 2-mtpa by reported a 32 per cent rise in consoli-
2030, as our zinc plays a critical role The company’s agile adoption dated net profi t at Rs. 2,678-crore for
in steel galvanisation,” Ms. Hebbar said of artifi cial intelligence has enabled the quarter ended December 31, 2024.
in a letter to shareholders. advancements in ore extraction, pro- The company had posted consolidated
cessing, and metal production and con- net profi t of Rs. 2,028-crore in the
The company’s current metal pro- tinue to boost its productivity, she said. year-ago period.
Sudarshan Chemical completes acquisition of

Heubach Group

Sudarshan Chemical Industries Ltd. Heubach has a 200-year-old history pigment company with great fi nan-
(SCIL) has announced that through its and became the second largest pigment cial strength and profi tability,” said
wholly-owned subsidiary Sudarshan player in the world after its integra- Mr. Rathi.
Europe B.V., it has completed its previ- tion with Clariant in 2022. It had over
ously announced acquisition of Germa- a billion euros in revenue in FY21 and SCIL said its immediate priority
ny-based Heubach Group in a combina- FY22. will be to operate as single entity
tion of an asset and share deal. by fully integrating legacy Clariant,
Heubach faced fi nancial challenges Heubach, and Sudarshan into a “uni-
The combination creates a global over the past two years due to rising fi ed, stronger organisation with shared
pigment leader, and will give SCIL costs, inventory issues, and high inter- values”.
access to a diversifi ed asset footprint est rates. SCIL said its acquisition will
across 19 international sites. Mr. Rajesh address these challenges with a clear The company said it will estab-
Rathi will lead the combined company turnaround plan. “Our goal is now lish its second global headquarters in
as MD and CEO. to create the world’s most valuable Frankfurt, Germany.

UPL’s step-down subsidiary makes additional invest-
ment in Brazil

Agrochemicals major UPL Ltd. has and sustain its business growth. Origeo, UPL confi rmed that this transaction is a
announced that its step-down subsidiary, established on July 29, 2021, provides related party investment, given its joint
UPL Global Ltd., UK, has made a further integrated agricultural solutions, including venture nature, and was executed through
investment in Origeo Comercio de Produ- inputs, services, fi nancing, and technical UPL Global. The acquisition has been
tos Agropecuarios S.A., a joint venture in support for farmers in Brazil. The joint completed, requiring no additional regu-
Brazil. The investment aims to support venture is a collaboration between UPL latory approvals, and aligns with UPL’s
Origeo’s working capital requirements and Bunge, a global agribusiness leader. strategic goals in the agribusiness sector.

Chemical Weekly March 11, 2025 145

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