Orica CEO Sanjeev Gandhi is confident the company’s technology products and fledgling digital solutions business will help drive its strong FY2023 EBIT to higher levels over the next 2-3 years as key customer accounts come up for renewal.
“Once we finish with this [current] three-year cycle by the end of 2024, we start on a new cycle in 2025,” Gandhi said on a call reviewing Orica’s latest full-year financial results.
“That’s very, very attractive for Orica because that’s when we have significant new product offerings.
“By then we have commercialised fully wireless blasting, 4D emulsions, the digital technology portfolio starts to mature, and we continue to include those kinds of new offerings over and above our traditional blasting services offering.
“As a whole Orica becomes that much more attractive and interesting as a supplier.
“And then we have different kinds of conversations with our customers.”