ALZip is an free zip archive and compression utility. ALZip extracts 7z, ace, arc, b64, bh, bin, bhx, bz2, cab, ear, enc, gz, hqx, ice, jar, lcd, lha, lzh, lh7, mim, pak, rar, tar, tgz, uue, war, xxe, zip, zoo and 001 archives and can create bh, cab, gz, jar, lha, lzh, tar, tgz and zip archives.
This utility offers password protection and lost-password recovery. Visit ALZip download page to get it.
Here is the other alternative to WinZip — 7Zip. 7Zip is a free alternative to WinZip and WinRar.