Lloyds Engineering Secures Global Rights to Eco-Friendly Steel Technology

Lloyds Engineering Works Ltd (LEWL) has announced a major step toward sustainable steel innovation by entering into a purchase and licensing agreement with The Material Works Ltd (TMW), USA. This collaboration grants Lloyds the authority to design, manufacture, and sell Eco Pickled Surface (EPS) Generation 4 cells globally.

Key Highlights:

• Global Authorization: Lloyds can deploy EPS systems internationally, excluding China, Hong Kong, Macao, Taiwan, and within a 350-mile radius of Red Bud, Illinois.
• Technology Edge: EPS Gen 4 is a patented, acid-free steel pickling process developed by TMW over 15 years, offering a safer and greener alternative to traditional acid-based methods.
• Strategic Collaboration: The agreement is structured as a licensing pact, ensuring Lloyds receives technical support and rights to manufacture unlimited EPS cells.
• Sustainability Impact: EPS technology reduces environmental hazards, aligning with global demand for eco-friendly industrial solutions.
• Market Expansion: This deal positions Lloyds Engineering as a frontrunner in green steel processing, strengthening its international footprint.

Sources: India Infoline, Business Standard, CNBC TV18, Business Upturn