News from Notch Consulting, Inc.

June 23, 2014

PCBL announces new carbon black plant in Egypt

Filed under: Carbon Black — Notch @ 2:43 pm

Phillips Carbon Black Ltd. released plans for a new carbon black plant to be built in Borg El Arab, Alexandria, Egypt. The plant would cost US$170 million with capacity of 140,000 tonnes/year and startup in early 2016. This project was first mentioned in PCBL’s Investor Outlook from May 2013, but no details were provided at that time.

India’s biggest producer of raw carbon black, RP-Sanjiv Goenka Group plans to build a USD 170 million carbon black plant in Alexandria, according to a board member at the Egyptian Indian Polyester Company (EIPC). “The project will be located at Borg El Arab, Alexandria and spread over an area of 200,000 square meters,” Amre Fayed, a member of Board of Directors told Zawya.

“The group will invest USD 170 million in the first stage to produce 140,000 tons of carbon black, which is used in the manufacture of tyres,” he said.

The company, which is the world’s sixth biggest producer of carbon black, has ‘completed all technical and financial studies’ related to the project and submitted required papers to various Egyptian authorities for approval to start work on the plant.

Fayed said the plant is expected to start production by the beginning of 2016; around 20 percent of production will cater to domestic demand and 80 percent to exports.
When completed, the project will provide about 1,400 direct and indirect job opportunities.

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