The expansion, scheduled to be operational within the next 18 months and located at Singur in the Hooghly district, will be funded through internal accruals. This additional capacity of 70,000 tonnes per annum will increase the company s speciality carbon black capacity to 1.3 lakh tonnes per annum, enhancing the cumulative capacity to 2.5 lakh tonnes from the current 1.8 lakh tonnes, the official added.
Stock that will see action today: 26 April 2024 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The expanding applications in the fiber and textile sectors and the growing market penetration of specialty black are the main drivers of the market's growth. On the other hand, the deteriorating automobile sector and the presence of alternatives impede the expansion of the market under study.New York, United States, Feb. 15, 2024 (GLOBE NEWSWIRE) Carbon black is used to create synthetic fabrics as a coloring ingredient. For instance, garments and fabrics manufactured from denier polyester an