Market News
Global Zinc Dust Market: Key Developments
- In January 2023, Umicore is a leading circular materials technology company with an extensive expertise in the fields of material science, chemistry and metallurgy which has announced that it had signed a long-term agreement with a leading global paints and coatings company to supply zinc dust. The agreement is for a period of five years and is worth an estimated 100 million euros.
- In February 2023, Votorantim Group announced that it had started production at its new zinc dust plant in Brazil. The plant has a capacity of 50,000 tons per year and is expected to meet the growing demand for zinc dust in the region. Votorantim Group is a permanently capitalized investment holding company, with a long-term investment approach in Brazil and worldwide,
- In March 2023, Hanchang announced that it had signed a contract to supply zinc dust to a leading global automotive manufacturer. The contract is for a period of three years and is worth an estimated US$50 million.
- In April 2023, Transpek-Silox Industry announced that it had increased its zinc dust production capacity by 20%. The increase is in response to the growing demand for zinc dust in the Asia Pacific region.