Data is not available for this company.
Data is not available for this company
Cabot India Limited, formerly known as United Carbon, changed its name after collaborator Cabot Corporation of US increased its stake to 60%. The company is the second largest producer of carbon black in India. Carbon black (CB) is sold to tyre producers.
As the Indian carbon black market is getting integrated with the world market, particularly the Pacific Asia region, CILâ€™s performance is dependent on the revival of the Indian economy and on regional
As the Indian carbon black market is getting integrated with the world market, particularly the Pacific Asia region, CILâ€™s performance is dependent on the revival of the Indian economy and on regional demand and supply scenario. Carbon black industry has suffered due to excess capacity in the region and cheaper imports. The performance was also affected by a loss of production due to poor quality of power. Increase in crude prices and feedstock prices and a depreciating rupee further reduced margins of the carbon black industry.
Cabot Corporation is focused on improving its operations in India and will increase its stake to 74% in CIL. A power plant for power generation from waste gases is to be set up.Its debottlenecking project is expected to provide volume growth and add to economies of scale for CIL. CIL will also focus on improving operations for maximizing efficiency. The company has also implemented various measures for cost cutting across its operations.