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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)
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