News from Notch Consulting, Inc.

May 15, 2012

PCBL signs MoU for new carbon black plant as automakers pledge to invest in Tamil Nadu

Filed under: Carbon Black, General — Notch @ 1:30 am

On Monday, four major auto companies signed Memorandums of Understanding with the government of Tamil Nadu state to invest at least Rs 5,700 core (US$1.05 billion) and create some 9,530 jobs in the region. In addition, carbon black maker Phillips Carbon Black exchanged documents with the government for setting up a Rs 350 crore (US$64 million) carbon black plant in the SIPCOT Industrial Park at Thervoykandigai in Thiruvallur district. The plant will create 230 new jobs.

The MoUs with Daimler India Commercial Vehicles, India Yamaha Motor, Ashok Leyland-Nissan Motor Company, Eicher Motors and Philips Carbon Black were signed in the presence of Chief Minister J Jayalalithaa.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: