Carbon Black Companies Announce Capacity Expansion Plans As Tyre Industry Capex Picks Up | ET Now

Epsilon Carbon to invest Rs 550cr in Karnataka and increase capacity by 87% to 2.15lk tons. The company stated that it aims to become the third biggest manufacturer of carbon black. Even PCBL had earlier announced Rs 1000 crore capex plan for FY23. Carbon Black companies are expanding their capacities as there is revival in capex of Tyre industry. Tyre industry capex estimated at Rs 20,000 crore over the next 3 - 5 years and 73 percent demand for Carbon Black is for tyres. PCBL stock rose up to 4% in day's trade and on Sept.22 promoters acquired 80k shares. #ETNow #CarbonBlack #StockMarket