India-Vietnam venture starts building carbon plant

Phillips Carbon Black Vietnam JSC on Friday started work on the nation’s first carbon black plant in the southern province of Ba Ria-Vung Tau.

The plant is a joint venture between Phillip Carbon Black Ltd of India and three Vietnam National Chemical Group (Vinachem) rubber affiliates – Casumina, Da Nang and Sao Vang. Phillips Carbon Black holds a stake of nearly 80 percent.

The plant, covering 14 hectares at My Xuan A Industrial Zone in Tan Thanh District and costing $84 million, will be executed in two phases with the first phase expected to go into operation late next year.

The plant’s first phase will have a capacity of 60,000 tonnes of black carbon a year to meet the needs of the automobile tire, ink and additives industries. In the second phase, the capacity will be scaled up to 115,000 tonnes.

Around 40 percent of carbon black output of Phillips Carbon Black Vietnam will be exported and the balance will be for the domestic market, the joint venture said in a statement. Phillips Carbon Black Vietnam JSC was granted an investment certificate by Ba Ria-Vung Tau Industrial Zones Authority (BISA) in March 2010.

Phillips Carbon Black Limited (PCBL), part of the RPG Group, is the largest producer of carbon black in India.

Tags: Phillips Carbon Black Vietnam

Posted by VBN on Jul 28 2011. Filed under Mining & Metal. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry