Tag: carbon black
BKT carbon black plant opening end of March
On 8 February 2019 Balkrishna Industries’ (BKT) confirmed that the first phase of its new carbon black plant will be commissioned by 31 March 2019.
Saudi Arabia investing US$2 billion in solar/carbon black complex
Saudi Arabia is planning to develop a $2 billion solar and carbon black integrated complex in partnership with China’s Longi and South Korea’s OCI, according to various news reports from the area.
Cabot plant celebrates 75 years
On 25 November, Cabot Corporation’s Ville Platte, Louisiana carbon black manufacturing facility celebrated 75 years in operation. Established in 1943, Cabot Ville Platte is the oldest plant in Cabot’s network, and today operates four manufacturing units that produce 11 different grades of carbon black, primarily sold to customers throughout North America for rubber reinforcement applications.
Glimmerveen appointed CFO of Black Bear
Dutch tyre upcycling company and recovered carbon black (rCB) producer Black Bear has appointed Geert Glimmerveen its new chief financial officer. He brings with him more than 30 years’ experience in senior finance and executive positions in several leading companies.
Cabot buys NSCC Carbon in US$50 million transaction
On 1 October Cabot Corporation acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015. The purchase price and certain equipment and technology upgrades are expected to result in spending of approximately $50 million over the next two years.
Cabot changes EMEA leadership
Effective 1 October 2018, Jay Doubman, currently senior vice president, Corporate Strategy and Development, and president, Cabot Corporation Specialty Fluids segment, will assume responsibilities for leading the specialty carbons, fumed metal oxides, and aerogel product lines, as senior vice president and president, Performance Additives.
Orion increases speciality carbon black price
On 13 July Orion Engineered Carbons announced it will implement price increases on all Specialty Carbon Blacks worldwide beginning 1 September 2018. According to the company, these actions are due to “continuously rising costs for raw materials and freight”.
Birla Carbon adding 150kMT of capacity
Birla Carbon has announced a series of expansion plans designed to raise its carbon black capacity in a number of regions.
Scandinavian Enviro Systems sign Middle-Eastern tyre recycling deal
Scandinavian Enviro Systems has signed a HoA (Heads of Agreement) with the German company DHF Development to facilitate the establishment of one or more recycling plants in The Middle East together with Industrial Development and Renovation Organisation of Iran (IDRO). The agreement is valid for a period of three months. The deal was signed on 6 July 2018.
Birla Carbon operations unified under one name
On 3 July 2018 Birla Carbon, an Aditya Birla Group company, renamed all of its entities worldwide as “Birla Carbon.” As a result former Columbian Carbon and Thai Carbon Black business will now be known as Birla Carbon.
Sid Richardson raises carbon black prices
Effective for all shipments on or after 1 August 2018, or as contracts allow, Sid Richardson Carbon is increasing prices on all carbon black products.
China Synthetic Rubber considering India location
Taiwan-based China Synthetic Rubber is considering investing 10 billion rupees (126 million euros; £110.9 million; US$146.8 million) in a carbon black manufacturing facility in Gujarat, India. According to the Financial Express, the company has identified potential locations in the chemicals and petrochemicals investment region for the proposed project.
Global carbon black market to grow 5.6% CAGR by 2023
The future of the global carbon black market looks good with the market expected to reach an estimated US$20.2 billion by 2023. This means that during the period between 2018 and 2023 the market will grow at a Compound Annual Growth Rate (CAGR) of 5.6 per cent.
Cabot increases rubber carbon black prices in North America
Effective 1 June 2018, Cabot Corporation is increasing prices for carbon black products sold by its Reinforcement Materials segment in North America. All Vulcan, Sterling, Regal, Spheron and Propel carbon black products will increase by $0.045/lb except for Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon blacks. In addition, prices will increase by 4 per cent for Black Pearls, Monarch, CRX, Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon black products.
Cabot CFO retires
Cabot Corporation has announced that Eduardo Cordeiro, executive vice president, chief financial officer (CFO) and president of the Americas Region, will retire from Cabot at the end of 2018. He steps down from these roles effective 15 May 2018 at which time Erica McLaughlin, the company’s vice president of business operations for Cabot’s Reinforcement Materials segment and general manager of the tyre business, will become senior vice president and CFO. Cordeiro will remain with Cabot in an advisory capacity through the end of the year to assist in a smooth transition.