Philips Carbon plans Rs 9 bn investment to increase production capacity

Optimistic over the rising demand for carbon black, driven majorly by the tyre industry and specialty black users, Philips Carbon Black (PCBL), India’s largest carbon black producer, has decided to up its existing capacity by 49 per cent from the current 0.47 million tonnes (mt) to 0.70 mt in the next two years.

It will entail an investment of Rs 9 billion by the company, which will be funded by a mix of internal accruals and a debt-equity financing.

PCBL is setting up a 60-acres greenfield plant in Ennore in Tamil Nadu at an investment of Rs 6 billion, which