Phillips Carbon Black to invest Rs 1,250 cr in India, Vietnam

Phillips Carbon Black Ltd (PCBL) plans to invest approximately Rs 1,250 crore in the next three years towards capacity addition in India and Vietnam.On the cards are plans to set up a greenfield carbon black unit in South India and diversification into carbon chemicals manufacturing in the East.

The company's facilities at Mundra and Cochin are implementing carbon black and co-generation capacity expansion programmes. The projects are scheduled to be implemented in a year, enhancing PCBL's production capacity from 3,60,000 tonnes a year to 4,10,000 tonnaes a year and cogeneration capacity from 60.5 MW to 76 MW. he consolidated greenfield capacity would be larger than the company's largest facility (14,000 tonnes a year) at Durgapur in West Bengal.