News from Notch Consulting, Inc.

August 14, 2018

Continental Carbon announces carbon black price increase for US

Filed under: Carbon Black — Notch @ 9:16 pm

On August 10, Continental Carbon Company (Houston, TX) announced a price increase of $0.07/lb for all grades and customers effective October 1, 2018 or as contracts allow. The company said in a letter to customers that the move was necessary to recover mounting increases in operational, environmental, and logistical costs.

In addition, Continental Carbon announced two changes to its hopper car fleet. First, the company is adding to its fleet of hopper cars and will begin implementing a HC usage fee of $0.02/lb effective January 1, 2019. The second change is a modification to the company’s hopper car demurrage policy — the base portion of the demurrage policy will remain the same but the charge for HC’s held over 60 days will increase to $200/day.

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August 13, 2018

Cabot raising prices for specialty carbon blacks

Filed under: Carbon Black — Notch @ 9:23 pm

Effective September 1, 2018, or as contracts allow, Cabot Corporation will increase prices up to 10% globally for specialty carbon products. This price increase is required due to escalating costs associated with logistics, raw materials, environmental compliance and capital improvements.

July 27, 2018

Cabot Corporation Announces Segment Management Changes

Filed under: General, Rubber Chemicals — Notch @ 4:01 pm

Cabot Corporation announced that Nicholas Cross, executive vice president and president of the Performance Chemicals segment and Europe, Middle East and Africa (EMEA) region, will step down from these roles at Cabot for personal reasons. Mr. Cross joined Cabot in 2009 as vice president and general manager for the EMEA region and was appointed executive vice president and president, Performance Chemicals segment in 2014. During his tenure, he held a variety of leadership positions, including president of the Specialty Fluids segment.

“I have really enjoyed my time with Cabot, and am grateful to have spent nearly 10 years with this great company. I am proud of the Company’s accomplishments during my tenure and this will stand out as a career highlight for me,” said Cross. “I see exceptionally strong opportunities within the Performance Chemicals segment to accelerate growth and Cabot is uniquely positioned to capture this growth.”

Mr. Cross will remain with the company through the end of January 2019, providing advisory and transition support.

Read the full press release here.

Bridgestone to invest $12 million in Illinois tire plant

Filed under: Tires — Tags: — Notch @ 3:52 pm

Bridgestone is investing $12 million to expand off-the-road production at its plant in Bloomington, Ill. The plant will produce multiple sizes and patterns in 29, 33 and 35-inch OTR tires, which until now have only been produced by Bridgestone in Japan.

This investment also includes increasing the workforce at the Bloomington plant by 30 employees. The last major investment in the plant was $48 million for a radial and giant loader expansion in 2011 and 2014.

“This investment is about increasing our flexibility to produce high-quality radial or bias tires — whatever our customers demand,” said Monty Greutman, plant manager at Bloomington. “It will allow us to deliver on our global commitment to develop innovative new products that will meet our customers’ needs, but it wouldn’t be possible without the outstanding teammates we have here today— some of whom have worked here for decades.”

Read the full press release here.

July 26, 2018

Tokai Carbon raises carbon black prices

Filed under: Carbon Black — Notch @ 12:46 am

On July 17, Tokai Carbon announced it was raising the selling price of carbon black as follows:

1.Price revision
 (a) Scope: Carbon Black of all grades
 (b) Effective date: August 1, 2018 (delivery base)
 (c) Amount: 11.5 Japanese Yen/kg price increase (US$0.10/kg)

2.Background
The escalating raw material oil price of carbon black causes the significant cost increase. This increase is difficult to absorb only by our production cost reduction, measures and the price increase is necessary to ensure Tokai Carbon to maintain the stable supply of our high quality products and services.

July 22, 2018

R&P News editorial on carbon black

Filed under: Carbon Black — Notch @ 9:08 pm

Rubber & Plastics News published an editorial on current conditions in the carbon black industry, highlighting some of the recent developments in the sector. Here is the link.

July 17, 2018

Birla Carbon adding carbon black capacity in Egypt, Italy, India, Thailand, and China

Filed under: Carbon Black — Notch @ 11:05 pm

On July 17, Birla Carbon (Marietta, Georgia and Mumbai, India) announced expansions in multiple regions to support customers in the growing carbon black market. Significant debottlenecking at Birla Carbon’s factories in Egypt and Italy before the end of Q3 2018; restarting a production line in Thailand by the end of Q4 2018; and installing of new production lines in India with a start date of Q4 2019 will enable it to raise its capacities considerably. In total, Birla Carbon will be adding 150,000 tons per year of new capacity on line over the next 18 months. Furthermore, Birla plans to add another 120,000 tons per year at its newest plant in China, though no completion date was announced.

In a press release announcing the projects, Dr. Santrupt Misra, Birla Carbon’s Chief Executive Officer, said “Birla Carbon is committed to supporting our customers’ growing needs in all geographies. Implementation of these projects are underway after a series of development initiatives were identified to meet market requirements.” He further shares, “We have leveraged our latest technology to ensure the highest quality products and most reliable operations.”

Adds John Loudermilk, Chief Operating Officer, “The new capacities will enable us to serve a range of segments including production capability for high value, differentiated products in the tire, rubber goods, and specialty markets.”

July 15, 2018

Orion raising prices for specialty blacks

Filed under: Carbon Black — Notch @ 9:22 pm

Last week, Orion Engineered Carbons announced that it will implement price increases on all Specialty Carbon Blacks worldwide beginning September 1st, 2018. According to the company, these actions are due to the continuously rising costs for raw materials and freight. Increases will vary depending on the product grade, sales region and end market.

July 12, 2018

Linglong breaks ground on 4th tire plant in China

Filed under: Tires — Tags: — Notch @ 11:22 am

China’s Shandong Linglong Tire recently held a ground breaking ceremony for its fourth facility at its Hubei Linglong Tire 247-acre site in China.

Its projected production capacities are 12 million passenger tires, 2.4 million truck/bus tires and 60,000 OTR tires.

Yantai, China-based Linglong announced its plans for the $875 million project last March.

According to Linglong, the plant will integrate intelligent manufacturing, product lifecycle management, industrial big data application and a high-end brand. The company wants to “break through regional restriction” and serve customers at zero distance, while improving market share and reducing logistics costs.

Referenced article found here.

July 10, 2018

Birla Carbon raises carbon black prices in EMEA

Filed under: Carbon Black, Uncategorized — Notch @ 5:32 pm

On June 26, Birla Carbon (Hannover, Germany) announced a price increase for carbon black for all non-contract customers in the Europe and Africa region. All shipments of rubber grades made on or after August 1, 2018 in the Europe and Africa region are subject to €94/MT price increase, net of price monthly variation.

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