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Cabot buys Tokai’s Tianjin carbon black plant for $9 million

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Tokai Carbon

Cabot Corporation has agreed to buy Tokai Carbon (Tianjin) Co. Ltd. from Tokai Carbon Group for US$9 million. The carbon black manufacturing facility was commissioned in 2006 and is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. Cabot will run the plant and intends to continue to supply current customers while conducting technology upgrades. The transaction is expected to close in the second quarter of 2022.

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Tokai Carbon raises carbon black price

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Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.

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Tokai Carbon names new Cancarb president

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Tokai Carbon, the parent company of Cancarb Limited, is pleased to announce the appointment of Peter Donnelly as president. Donnelly replaces Ken Tate, who retires effective 30 September 2019. However, Tate will remain in an advisory capacity through to 31 December 2019.

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Global carbon black market to grow 5.6% CAGR by 2023

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The future of the global carbon black market looks good with the market expected to reach an estimated US$20.2 billion by 2023. This means that during the period between 2018 and 2023 the market will grow at a Compound Annual Growth Rate (CAGR) of 5.6 per cent.

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  1. Birla increasing carbon black prices
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