Continental Carbon to Invest USD 300M in India
Date: 19 Oct 2022
As
part of its global strategy, Continental Carbon, the world’s leading carbon
black supplier, has announced to invest approx USD 300M in India. The expansion
plan covers upgrading the existing plant and R&D center in the National
Capital Region (NCR). Set-up in the year 2000, the current annual production
capacity of carbon black at the Delhi plant stands at approximately 85,000 tons
with 2 production lines. With the fresh infusion, the capacity is expected to
match the global rising demand.
In
addition, the R&D center in Delhi, which is one of the three global centers
along with Taiwan and USA, will be further optimized to assist Continental
Carbon in R&D progress and global layouts. It will further strengthen the
research related to rubber, plastic, ink, coating, conductivity, and other
fields of application. In addition, the centre will also enhance customer
experience related to material aspect and provide related technical services.
Speaking
on the occasion, T.M. Chen, President, Continental Carbon India noted,
“Currently, there is a rising demand for carbon black from customers worldwide,
especially from the automobile and tyre industry. The current rate of
production is insufficient to match the demand and supply dynamics. Therefore,
it is imperative to upgrade our infrastructure. We are in the process of
recruiting young and outstanding talents from India from fields such as electro
mechanical, chemical, material, and environmental engineering and help us
increase our manufacturing and R&D output by another 45 percent.”
Recently,
as part of its expansion plans in India, Continental Carbon commenced
operations at a new manufacturing plant in Gujarat. The business unit has 4
production lines and is estimated to have an annual production capacity of
approximately 150,000 tons.
Continental
Carbon has been working closely with its partners in India since the start of
the new millennium. Going ahead, the company will focus on the new needs of
India’s rubber and plastic industry, continue to input R&D momentum and
technology, and provide professional services.