Hindustan Zinc partners with CMR Green Technologies for Zinc Alloy Manufacturing
Hindustan Zinc partners with CMR Green Technologies Ltd. to establish a zinc alloy manufacturing facility at Zinc Park, Rajasthan. This collaboration aims to strengthen India's zinc industrial ecosystem, promoting downstream value addition and sustainable metal processing for automotive and infrastructure sectors.
The partnership is significant for expanding the downstream zinc industry and promoting sustainable manufacturing, contributing to HZL's strategic vision and Rajasthan's industrial development, thus having a medium-term impact.
The announcement details a strategic partnership aimed at expanding manufacturing capabilities and promoting sustainable practices, which is positive for the company's growth and market position.
Hindustan Zinc Limited (HZL) has signed a Memorandum of Understanding (MoU) with CMR Green Technologies Ltd., India's largest non-ferrous metal recycling company, to establish a zinc alloy manufacturing facility at Zinc Park in Rajasthan.
This collaboration marks the second major partnership for Zinc Park, aiming to strengthen its position as India's first integrated ecosystem for zinc-based industrial applications. The new facility will focus on producing high-quality, low-emission zinc alloys crucial for industries such as automotive, infrastructure, die-casting, and consumer goods, promoting downstream value addition and sustainable metal processing.
Zinc Park, a joint initiative by Hindustan Zinc and RIICO, was announced during the Rising Rajasthan Global Investment Summit 2024. It is envisioned as a renewable energy-powered hub for zinc manufacturing, benefiting from proximity to HZL's operations for logistics and raw material supply. The park intends to host various enterprises engaged in galvanizing, die-casting, and zinc oxide production, offering assured raw material linkage and commercial incentives.
Mr. Arun Misra, CEO of Hindustan Zinc, stated that Zinc Park's vision is to drive industrial growth, local manufacturing, and sustainability through zinc-based applications, with CMR Green Technologies' expertise playing a pivotal role. CMR Green Technologies brings deep expertise in circular metal processing and alloy manufacturing, especially for the automotive sector, with recycled metal production achieving significantly lower emissions compared to primary metal.
This partnership accelerates the creation of India's first downstream zinc industrial cluster, fostering innovation, sustainability, and economic value, contributing to Rajasthan's industrial development and India's goal of becoming a global hub for sustainable metals and advanced manufacturing.
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Hindustan Zinc Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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