News from Notch Consulting, Inc.

November 12, 2018

BKT budgets $200 million to upgrade, expand capacities in India

Filed under: Carbon Black, Tires — Notch @ 12:02 pm

Off-highway tire maker Balkrishna Industries Ltd. (BKT) is budgeting more than $200 million to upgrade and expand capacity for tires and carbon black at plants in India.

The Mumbai-based company disclosed the plans, affecting its plants in Bhuj and Waluj, in an investors presentation for the firm’s fiscal 2019 second quarter.

The investments in India are in addition to the $100 million BKT is committing to build a tire plant in the U.S. and include upstream component supply that will impact the U.S. investment.

The company plans to invest $72.5 million to replace a 30-year-old farm/industrial/OTR tire plant in Waluj, Maharashtra, with an expanded factory on a 22-acre greenfield site nearby. The plant’s capacity will remain at roughly 30,000 metric tons per year but at a facility with its own co-generation power plant and warehousing. The current plant is size-restricted and operating at “sub-optimal” levels, BKT said.

They also plan to invest $72.5 million to add 5,000 metric tons of annual production capacity at the 5-year-old Bhuj, Gujarat, factory, in particular for larger sizes, along with a rubber mixing plant and additional warehousing. The investment includes the addition of building equipment for the larger-sized tires.

A third investment, of $61.6 million, is designated for the construction of a carbon black plant on the grounds of the Bhuj factory complex in northwest India. The new plant, rated at 140,000 metric tons a year at full capacity, will supply the new U.S. plant in addition to BKT’s Indian facilities, BKT said. The plant will start producing in March 2019 at an annualized rate of 60,000 tons and ramp up to full capacity by March 2021.

Read the full report here.

Advertisements

Black Bear secures $5.7 million to advance recovered carbon black technology

Filed under: Carbon Black, Tire Recycling — Notch @ 11:22 am

Dutch cleantech company Black Bear Carbon B.V. has raised $5.7 million from venture capital firms Capricorn Venture Partners and Particon. This funding, combined with the money it raised in early September, will support advancements in its recovered carbon black (rCB) technology as well as the global roll-out of its “cradle-to-cradle” system.

Black Bear has developed a “tire to carbon black” technology with a unique carbonization process to produce rCB from end-of-life tires.

Capricorn Venture Partners is an independent European manager of venture capital and equity funds, investing in innovative European technology companies. It is based in Leuven, Belgium.

Particon is an independent venture capital firm in Limburg, Netherlands.

Read the full press release here.

November 6, 2018

Orion acquires French acetylene black producer

Filed under: Carbon Black, Uncategorized — Notch @ 6:20 pm

On November 1, 2018, Orion Engineered Carbons S.A. announced that it had reached an agreement to acquire acetylene carbon black manufacturer Société du Noir d’Acétylène de l’Aubette, SAS [SN2A] from LyondellBasell Industries Holdings B.V. and its French affiliate. SN2A was founded in 1987 and is headquartered at Berre l’Etang, near Marseille, France.

Acetylene black is an ultra-pure premium specialty carbon black distinguished by its high electrical and thermal conductivity. Lithium-ion batteries and high-end electrical cables are key applications for this material.

“SN2A brings us a skilled team, proven technology and an operating plant. With this platform we are going to significantly strengthen our capabilities in the lithium-ion battery market and broaden our position in other attractive markets,” said Corning F. Painter, Chief Executive Officer of Orion Engineered Carbons. “This bolt-on acquisition is a perfect fit with Orion’s focus on Specialty Carbon Blacks. We look forward to welcoming the SN2A team to Orion and bringing Acetylene Black into our portfolio.”

The agreement with LyondellBasell includes provisions for a secured long-term feedstock supply. Orion plans to strengthen production capabilities at the Berre l’Etang facility.

The transaction closed on October 31, 2018.

October 1, 2018

Cabot buys NSCC Carbon (Jiangsu) carbon black plant in China

Filed under: Carbon Black — Notch @ 9:06 am

Cabot Corporation announced today that it has acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015. Cabot has been actively exploring and implementing opportunities to increase capacity in its global carbon black network through plant expansions, operational improvements and debottlenecking projects. The 50,000 metric ton plant will support Cabot’s specialty carbons product line within the Performance Chemicals segment. The plant is scheduled to be temporarily mothballed to conduct maintenance and technology upgrades. The upgrades to manufacturing and environmental equipment will enable the site to be more flexible to manufacture different carbon black products and meet ever-stricter environmental standards. The purchase price, which is payable upon satisfaction of certain conditions, and the equipment and technology upgrades are expected to result in spending of approximately $50 million over the next two years.

September 22, 2018

Birla raising carbon black capacity in Spain

Filed under: Carbon Black — Notch @ 1:20 pm

On September 21, Birla Carbon Spain (Gajano, Spain), announced an investment of €5 million towards sustainability and energy efficiency projects and to increase its production capacity from 80,000 to 95,000 tons per year. The plant also inaugurated a new administrative office and laboratory complex within its premises. Earlier this year, Birla Carbon announced plans for expansion projects in Egypt, Italy, India, and Thailand.

In a press release announcing the project, Dr. Santrupt B Misra, Chief Executive Officer, Birla Carbon, stated, “At Birla Carbon, we are always striving to create our next opportunity. We always find such exciting opportunities by keenly listening to our customers and by identifying their needs around innovation and improvements. Birla Carbon’s Purpose – “Share the Strength”, brings the spirit of collaboration, engagement and action alive. Our investment into our Spain facility is yet another example of it”.

Speaking at the project’s inauguration, John Loudermilk, COO of Birla Carbon, said, “Birla Carbon is committed to investing in the future of our plants. While we are continuously innovating to ensure our products align to market needs, our technology teams are constantly working towards enhancing our processes to be more sustainable and efficient. Our announcement today, not only drives productivity higher but makes us more sustainable”.

BCS’s investment of €5 mn in the plant will achieve greater reliability and sustainability of its manufacturing process. The installation of new equipment in one of its manufacturing lines and the re-engineering of other critical equipment uses one of the best available technologies in the carbon black industry. These improvements will lead to greater productivity and environmental performance, as well as reliability, the company said in a press release.

September 12, 2018

Carbon Black World coming in less than two weeks

Filed under: Carbon Black — Notch @ 8:50 pm

The Carbon Black World conference, which is held every other year, is coming to Dusseldorf from September 24-26. This is an essential conference for anyone interested in this industry. Notch will be giving a paper on the Carbon Black Global Outlook on Tuesday, September 25.

In addition to two days of talks, attendees should be aware of two preconference seminars being held on Monday, September 24. I will be attending both.

Morning seminar: The changing carbon black feedstock world and the impact of sourcing on total value, from Shane Perl of The Alpen Group. Covers the impending IMO2020 regulations and how they will affect carbon black feedstock availability and sourcing.

Afternoon seminar: Recovered carbon black – from promise to products, from Martin von Wolfersdorff of Wolfersdorff Consulting. Covers the emerging market for recovered carbon black — a panel discussion group with industry all-stars will discuss the current status, success & application stories and future technology for recovered carbon black from tyre pyrolysis.

September 11, 2018

Himadri adds US distributor for specialty blacks

Filed under: Carbon Black — Notch @ 5:49 pm

Indian carbon black producer Himadri Specialty Chemicals has selected Terra Firma (Towson, MD) as its exclusive distributor for specialty carbon black in Northeastern, Southeastern, and Southwestern United States effective September 6, 2018. The agreement covers carbon black grades with applications in plastics, inks, coatings, and wire and cable. Himadri is expanding both its capacity and grade mix for specialty blacks.

September 4, 2018

Orion announces leadership change

Filed under: Carbon Black — Notch @ 10:35 pm

Orion Engineered Carbons announced today that Jack L. Clem, 65, who has served as CEO since 2011, will retire from his role. He will be nominated to join the Board of Directors and during a transition period will act as an advisor to the company. Mr. Clem will be replaced as CEO by Corning F. Painter, 55, a longtime senior executive formerly at Air Products and Chemicals, Inc. Mr. Painter also will be nominated to join the Board of Directors. The appointment of Messrs. Clem and Painter to the Board of Directors is subject to approval by shareholders in an extraordinary general meeting to be convened for this purpose on October 16, 2018.

I met Mr. Clem at the first carbon black conference I ever attended (Carbon Black World in Houston in 2004). Though I was unknown in the industry at the time, he came up to me and stuck out his hand and introduced himself, which meant a lot to me. We here at Notch wish him well in all his future endeavors.

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.

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.

Older Posts »

Create a free website or blog at WordPress.com.