Bloomberg reported that Ess Dee Aluminium Ltd 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.

Me Debdeep Bhattacharya Director of Ess Dee said the country bought about 20,000 tonnes in the year ended March 31. Sales may grow at least 30% this fiscal year and next.

He said that “Nothing that pharmaceuticals produce can be sold without packaging. As my demand goes up, I’ll buy more aluminum.”

Mr Bhattacharya said Ess Dee gets 85% of its business from drugmakers 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)