Ess Dee Aluminium Expects to Buy More Metal on India Drug Demand
Ess Dee Aluminium Ltd., an Indian maker of packaging used by pharmaceutical companies, said it expects to buy more of the metal this financial year and next driven by increased demand for medicines.
Ess Dee bought about 20,000 metric tons in the year ended March 31, Director Debdeep Bhattacharya said in an interview in Mumbai yesterday. Sales may grow at least 30 percent this fiscal year and next, he said.
“Nothing that pharmaceuticals produce can be sold without packaging,” Bhattacharya said. “As my demand goes up, I’ll buy more aluminum.”
Ess Dee gets 85 percent of its business from drugmakers and the rest from packaging used by producers of frozen desserts, chocolate and gum, he said. Aluminum accounts for about 45 percent of the packaging used for medicines, Bhattacharya said.
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