Hindustan Zinc reworks export strategy amid high port logistics costs

The company has chosen alternatives such as Nepal, South East Asia and Bangladesh which are neighbouring markets and more reliable

Hindustan Zinc, one of world’s largest zinc producers, has had to rework its export strategy amid rising port logistics cost due to unreliable shipping schedules even as the company saw record-high earnings before interest, taxes, depreciation and amortisation (EBITDA) in April-September.

“European producers have cut production due to high energy costs. But with freights having shot up due to container shortage leading to unreliable shipping schedules, we are not able to serve those markets. We want to serve that market but logistics is allowing us,” Arun Misra, chief executive officer of Hindustan Zinc told Business Standard.

The company, however, has