Exide Industries planning to chop lead imports in half, rely on scrap
Oct 22, 2007 | 10:42 AM
| Suresh Nair
Exide Industries Ltd., southern Asia's largest manufacturer of lead-acid storage batteries, will cut its lead imports by about half in the fiscal year ending March 31, 2008, and boost its use of lead scrap.
The Kolkata, India-based company intends to reduce costs and dependence on imported lead by sourcing increasingly from domestic smelters that recycle lead scrap. It is even looking at investing 250 million rupees ($6.3 million) to build a smelter.....
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