CARBON BLACK: OUT OF THE BLUES
Article Abstract:
The carbon black industry, which was saddled with cheap imports in the last two years, has got a breather with the government proposing a special safeguard duty of 16 percent on imported carbon black. This proposal, if implemented, is expected to boost the capacity utilisation of the local producers like Cabot, Phillips Carbon and Indian Rayon. In the last two years, the industry suffered due to a lowly 25 percent duty on imports from Korea and 30 percent from other countries. The domestic companies were forced to defer their expansion plans as the capacity utilisation stood at just 40 percent. (gsh)
Comment:
India: Government proposes special safeguard duty of 16% on imported carbon black
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PHILLIPS CARBON BLACK IN TALKS TO TAKE OVER CHINESE PLANT
Article Abstract:
The group company of RPG Enterprises, Phillips Carbon Black Limited (PCBL), plans to acquire a medium sized carbon black plant in China. The company is likely to hold a majority stake in the Chinese company located 200 km off Shanghai. In the domestic carbon black market, PCBL has cornered 55 percent share following its merger with Carbon and Chemicals Limited of Kochi in Kerala. The company has three plants located in Durgapur, Vadodra and Kochi. In 1997-98, PCBL's net profit declined to Rs8.33 crore compared to Rs21.7 crore in 1996-97. (gsh)
Comment:
Plans to acquire medium sized carbon black plant in China and is likely to hold majority stake in the Chinese co
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RPG GROUP PICKS UP 70% STAKE IN CHINESE CARBON BLACK Co
Article Abstract:
Philips Carbon Black (PCB) of Calcutta, a RPG group company, has taken up a 70 percent stake in Yixing Carbon Black (YCB) located at Yixing city in the Jiangu province of China. PCB is investing $20 million for acquiring the stake. It proposes to reduce the workforce of YCB by 200 workers. The move of the RPG group follows the fact that Chinese carbon black market has been growing at 30 percent each year. (ag)
Comment:
Takes up 70% stake in China-based Yixing Carbon Black for $20 mil
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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