Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.
Tokai Carbon, the parent company of Cancarb Limited, is pleased to announce the appointment of Peter Donnelly as president. Donnelly replaces Ken Tate, who retires effective 30 September 2019. However, Tate will remain in an advisory capacity through to 31 December 2019.
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.