Madhav KRG Group join hands to with International Zinc Association, Hindustan Zinc Ltd to make it happen
International Zinc Association (IZA), leading industry association dedicated exclusively to the interests of zinc in collaboration with Madhav KRG Group (one of the largest steel manufacturing company in North India) and Initiative supported by Hindustan Zinc Limited has launched Asia's first-ever Continuous Galvanized Rebar (CGR) Manufacturing Facility today. The plant was virtually inaugurated by Shri Dharmendra Pradhan - Hon'ble Union Minister of Steel, Petroleum & natural Gas, Government of India (GoI) along with Mr. Sunil Duggal - Group CEO-Vedanta Limited & CEO-Hindustan Zinc and Mr. Andrew Green - Executive Director, International Zinc Association, Global and other representatives.
The first-of-its-kind facility, situated near Gobindgarh in Punjab, will produce a new product, Continuously Galvanized Rebar (CGR). CGRs are value added rebars for higher life and low maintenance of infrastructure to provide significant cost savings compared to other corrosion resistant rebar systems. It offers on-site formability of the finished product, superior corrosion resistance in concrete at a price cheaper than other corrosion resistant rebar (Epoxy Coating & CRS rebar).
With an annual capacity of over 30,000 tonnes, the plant will manufacture ZNCOAT TEMPCORE TMT BARS under the brand name - JYOTI - a name that is now synonymous with excellence in steel manufacturing. This will be the first brand in Asia to apply CGR technology that will not only be superior but will also enhance life span of the rebars thereby reducing the overall maintenance cost.
Commenting about the new facility, Mr. Sudhir Goyal - Managing Director, Madhav KRG Group said, "Unlike painting and epoxy which are solely barrier-type coatings, CGRs are known to provide superior corrosion protection - both barrier and sacrificial - that further enhances the lifecycle of the underlying steel. I would like to thank the entire team of International Zinc Association and Hindustan Zinc Limited for their support in helping us bring this technology to India that will further help minimize the damage cause by corrosion and put India on the global map for its sustainable usage of zinc." Addressing the audience, the steel minister Shri Dharmendra Pradhan assured the industry of full support from the government and deliberated on how zinc will play an important role towards building infrastructure for the nation. "As India is on its way to large-scale infrastructure expansions, use of galvanized rebar in construction is set to rise. India has a coastal line that extends over. 8000 kms. Coastal areas are prone to corrosion because of salty atmosphere leading to frequent maintenance requirement thereby adding to loss of material and impact on the productivity. Galvanizing ensures that the zinc coating is of a standard quality and offers resistance to erosion so that there is no risk of cracking due to bending. Galvanized steel and rebars are environment friendly and cost effective and possess properties that enhances life of any structure with minimum maintenance. The commissioning of the new CGR facility will further increase the usage of zinc in steel industry and will support the much awaited need of supplying galvanized rebar in the construction industry. I would like to congratulate the entire team International Zinc Association and Madhav KRG Group for their efforts in setting up the first-ever Continuous Galvanized Rebar (CGR) facility in Asia that will not only boost to domestic steel market but will also put India on the global map, aligning it to GoI's efforts in making India self-reliant or Aatmanirbhar Bharat." Speaking on the occasion, Mr. Sunil Duggal - Group Chief Executive Officer-Vedanta Limited, & CEO-Hindustan Zinc said, "Infrastructure, especially around the coastal areas face maximum risk of corrosion owing to humidity and constantly changing climate. A long-term answer to this far-reaching problem is use of zinc protected steel during the structure's initial construction stages, i.e. Galvanized rebar that not only ensures longevity of the structures but is also significant initiative towards safety. It's time to mandate use of galvanized coated rebar's in all infrastructure projects.
"In the last ten years, Indian zinc demand grew at a compounded annual growth rate (CAGR) of 4-5%. However, usage of galvanized rebars and especially CGRs has been limited despite the fact that it bonds in par with concrete than uncoated rebar, thereby doubling the life of big concrete structures. As the government of India looks to strengthen Indian infrastructure, it calls for the need to adopt durable and proven corrosion protection methods, like structure galvanization. With continuous support from players like Madhav KGR and Hindustan Zinc Limited, we are confident of the shift to better national practices to help support India's efforts towards sustainable evolution." said Dr. Andrew Green, Executive Director, International Zinc Association (IZA) addressing the audience.
Galvanizing has been used for more than 100 years to protect structures exposed to different environmental conditions from corrosion. Realizing the importance of this technique, Honorable Prime Minister Narendra Modi had outlined a plan to spend about 1.5 trillion earlier this year, to upgrade and build infrastructure over the next five years to shore up economic growth, boosting the outlook for zinc, use of galvanized steel to prevent corrosion.
Over 1000 delegates (India and International) including ministry officials, opinion leaders, zinc producers, galvanizers, end users of galvanized products, industry executives from Railways, highway authorities, NHSRPL and design consultants attended the launch event.
About International Zinc Association The International Zinc Association (IZA) was created in 1991 by a group of leading zinc & steel producers to represent the zinc industry globally. IZA's activities are to sustainably grow markets and maintain the industry's license to operate through effectively managed initiatives in research and development, technology transfer, and communication of the value of zinc. Operating internationally and locally through its regional affiliates, IZA helps sustain the long-term global demand for zinc and its markets by promoting such key end uses as corrosion protection for steel and the essentiality of zinc in human health and crop nutrition.
IZA's main programs are Sustainability & Environment, Technology & Market Development and Communications. Headquartered in Durham, North Carolina (USA), IZA also operates regionally through their offices in China, Europe, Latin America, North America, India and Southern Africa.