13 March 2013 14:51 [Source: ICIS news]
SEOUL (ICIS)--Continental Carbon India has pushed back plans to build a new carbon black plant in Ghaziabad, India because of poor domestic demand, a company source said on Wednesday.
“The company has bought land for the project but construction has not started yet,” the source added from the sidelines of the Korea International Plastics and Rubber Show in Seoul, a five-day exhibition that ends on Saturday.
Slower demand growth in India’s automotive sector weakened the demand for carbon black last year, the source said. Tyres are one of the main applications of carbon black.
Continental Carbon has 5,000-6,000 tonnes/year of carbon black capacity in India.
The company also produces carbon black at several locations outside India, including the US and China.
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