13 February 2012 03:19 [Source: ICIS news]
SINGAPORE (ICIS)--Longxing Chemical, second-largest carbon black producer in ?xml:namespace>
The company’s revenue increased by 53% to CNY2.0bn last year from CNY1.3bn in 2010, according to its statement to the Shenzhen Stock Exchange.
Longxing Chemical attributed the sharp increase in net profit to the expansion of its carbon black capacity, which increased to 300,000 tonne/year in September 2011 from 180,000 tonne/year.
Longxing Chemical, a key carbon black producer in
Carbon black is widely used in tyres and rubber products.
($1 = CNY6.29)
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