Ess Dee Aluminium expects to buy more metal on India drug demand

Bloomberg reported that Ess Dee Aluminium Limited an Indian maker of packaging used by pharmaceutical companies expects to buy more of the metal this financial year and next driven by increased demand for medicines.

Mr Debdeep Bhattacharya director of Ess Dee said that the company bought about 20,000 tonnes in the year ended March 31. Sales may grow at least 30% this fiscal year and next. Nothing that pharmaceuticals produce can be sold without packaging. As my demand goes up, I’ll buy more aluminum.

Mr Bhattacharya said that Ess Dee gets 85% of its business from drug makers and the rest from packaging used by producers of frozen desserts, chocolate and gum. Aluminum accounts for about 45% of the packaging used for medicines.

（Sourced from Bloomberg）