Philips Carbon Black to set up ₹600 crore plant
Philips Carbon Black Ltd (PCBL) will invest ` 900 crore towards capex by 2020. The investment will go towards a greenfield plant in Tamil Nadu that is expected to be operational around September 2020. The Tamil Nadu plant will have an annual capacity of 150,000 tonnes. This new plant will focus on rubber black which is used in tyres and also on speciality black. Speciality black has been the company’s focus because of better margins.
Another ` 300 crore will be for brownfield expansion in its Mundra and Palej plants. The Mundra plant, likely to be operational by this year-end, will see a capacity addition of 50,000 tonnes annually. On the other hand, 30,000 tonnes will be added annually at Palej by March 2019.
“There will be a 50% capacity addition post the investments,” according to the reports. PCBL currently has an annual capacity of 470,000 tonnes in its four plants – Durgapur (West Bengal), Mundra (Gujarat), Palej (Gujarat) and Kochi (Kerala), which is expected to go up to 700,000 tonnes by December 2020.