Schedule a Call Back
Himadri Speciality Chemical targets 18% market share in carbon black by FY26
Industry News- Sep 26,24
The company is investing approximately Rs 2.2 billion in this expansion, which will more than double the capacity of its specialty carbon black line to 130,000 MTPA.
Himadri Speciality Chemical, India's leading specialty carbon black manufacturer, aims to boost its market share from the current 13% to approximately 18% by the end of FY26.
The Kolkata-based company plans to expand its carbon black production capacity to around 250,000 metric tonnes per annum (MTPA) by the end of the next fiscal year through a brownfield expansion of a new specialty carbon black line at its facility in West Bengal. Currently, its production capacity stands at about 180,000 MTPA.
Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical, stated, "We anticipate increasing our market share to around 18% following the de-bottling of capacity at our Bengal unit."
The company is investing approximately Rs 2.2 billion in this expansion, which will more than double the capacity of its specialty carbon black line to 130,000 MTPA. With this development, Himadri is poised to become the fourth largest producer of specialty carbon black globally.
This capacity enhancement is expected to significantly impact the company's profitability, driven by the high yield of specialty carbon black. The new products will have superior performance characteristics and will be utilised in various applications, including fibres, semiconductor cables, engineering plastics, inks, and other specialised uses.
The rising production in India's automotive sector is expected to create increased demand for tires and related materials, including carbon black. Consequently, the company foresees robust demand for carbon black within the country’s tire industry in the coming years.
(BusinessLine)
Related Stories
Process Equipment
Himadri Speciality Chemical targets 18% market share in carbon black by FY26
The company is investing approximately Rs 2.2 billion in this expansion, which will more than double the capacity of its specialty carbon black line to 130,000 MTPA.
Read moreProcess Equipment
BPCL plans major refining and petrochemical expansion in next 5-7 years
The petrochemical projects at Kochi and Bina are expected to be operational by 2027 and 2028, respectively.
Read moreProcess Equipment
Vishnu Chemicals acquires Jayansree Pharma in Rs 520 million deal
Vishnu Chemicals is set to buy 100% of JPPL’s shares within the next three months.
Read moreRelated Products
Programmable Controllers - Pcd-33a Series
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Pro-Med Instruments (P) Ltd offers a wide range of programmable controllers - PCD-33A Series.
Gasket Graphite Powder
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Arihant Packing & Gasket Company offers a wide range of gasket graphite powder.
Asahi Kasei expands 3D printing filament sales in North America
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Asahi Kasei, a leading resin and compounding technology provider, has initiated the sales of 3D printing (3DP) filaments in North America through Asahi Kasei Plastics North America (APNA). The soft la Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
