Lloyds Engineering Works Limited (LEWL) announced a significant milestone in its strategic growth trajectory through a Memorandum of Understanding (MOU) with The Material Works, Ltd. (TMW) for the transfer of cutting-edge and environmentally friendly technology, Eco Pickled Surface (EPS Gen 4), for pickling of all qualities of steel including stainless steel. The MOU grants LEWL an exclusive right to design, manufacture and sell the EPS Gen 4 technology in India and Bangladesh, affirming LEWL's commitment to sustainable and technologically advanced manufacturing practices. The transfer of this technology to LEWL by TMW over three years will empower LEWL to localise the manufacturing process in India, supporting the 'Make in India' initiative and fostering growth within the domestic market.

Benefits of Eco-Pickled Surface (EPS Gen 4) Technology: Eco-Pickled Surface (EPS Gen 4) is an environmentally conscious and advanced pickling technology that offers several significant benefits over traditional pickling methods: Eco-Friendly: EPS Gen 4 significantly reduces the ecological footprint by eliminating the need for hazardous acids, minimising pollution, and providing a safer working environment. Asset-Light: This technology is asset-light compared to primitive pickling methods, reducing operational costs and thus optimising resource allocation for the user industry.