View Profile:
linked in
Follow Us:
Rubber Chemical Consultants Ltd
Rubber Chemical Markets

Industry News


We track rubber chemical industry market trends using a wide range of industry sources. Optimum market insight is achieved by combining public information with RCCL's extensive range of confidential information which is pooled together using RCCL's proprietary database and reporting systems.

For further information please contact us by Email.
Period:
Category:
Based on 

April (2024)

Jiangxi Black Cat Carbon Black: 2023 Q4 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ42657.82588.92.7
All SegmentsEBITQ432.5-25.2229.0
All SegmentsNet MarginQ4-215.6-28.4-658.2


Orion Engineered Carbons: Breaks Ground on Battery Materials Plant in Texas  Link...

Orion has broken ground on a plant in Texas that will be the only facility in the U.S. producing acetylene-based conductive additives for lithium-ion batteries and other applications vital for the global shift to electrification.

The site is based in the city of La Porte, southeast of Houston. The battery additives produced by Orion’s plant will be super clean, with only one-tenth of the carbon footprint of other commonly used materials.

The additives produced at the La Porte plant will be made from acetylene, a colorless gas that Orion’s production process turns into powder with exceptional purity demanded by leading battery manufacturers. The acetylene will be supplied by a neighboring site owned by Equistar Chemicals LP, a subsidiary of LyondellBasell.

Key equipment procurement and off-site fabrication are already at an advanced stage. Field construction activities are ramping up, with the facility start-up expected in the second quarter of 2025.


March (2024)

Cabot Corporation: Wins Tire Technology International 2024 Award for Its E2C® DX9660 Engineered Elastomer Composite  Link...

Cabot Corporation has won the Tire Technology International 2024 Awards for Innovation and Excellence in the “Chemicals and Compounding Innovation of the Year” category for its E2C DX9660 engineered elastomer composite. The award recognises Cabot's E2C DX9660 as a solution that delivers performance and sustainability benefits for tire customers across the globe.

E2C DX9660 elastomer composite is produced in a proprietary and patented mixing process that enables superior carbon black dispersion and improved rubber properties for on-road commercial tire applications. Utilizing Cabot’s Light Touch™ mixing guidelines, its DX9660 grade delivers an approximately 30% increase in abrasion resistance without sacrificing rolling resistance over conventional compounds. The on-road performance of this product has been validated by customers globally. Furthermore, by delivering high levels of tread wear resistance, the DX9660 solution results in a reduction of end-of-life tires, thereby enabling a more sustainable future.


Cabot Corporation: Launches PROPEL® E8 Engineered Reinforcing Carbon Black for Tire Tread Applications  Link...

Cabot has launched its new PROPEL® E8 engineered reinforcing carbon black designed to provide superior tread durability at low rolling resistance for high-performance tire tread applications. The product addresses the unique challenges posed by the heavier weight and higher torque of electric vehicles compared to traditional internal combustion engine vehicles. The PROPEL E8 grade complements Cabot’s existing solutions within the PROPEL E series, which are also suitable for use in high-performance tires.

The treads of EV tires require a performance balance difficult to meet with traditional, high surface area ASTM carbon blacks. The PROPEL E8 solution enables better rolling resistance when compared to ASTM N200 and N100 carbon black grades. It also provides high stiffness and modulus with abrasion resistance equal to ASTM N100 series carbon black.

The PROPEL E8 grade complements the other solutions in its PROPEL E portfolio including grades PROPEL E3, PROPEL E6 and PROPEL E7, which can also deliver performance and sustainability benefits for various high-performance tire formulations. Cabot’s PROPEL E series is comprised of high surface area, medium structure reinforcing carbon blacks specifically engineered to increase the overall sustainability of the tire value chain, enabling tread formulators to deliver tires with low rolling resistance for maximum range while enhancing tread durability to extend tire life span, resulting in fewer EOLTs. In addition, PROPEL E3 carbon black considerably reduces hysteresis enabling low rolling resistance, which is a critical design consideration for EV tires to maximize range.


China Synthetic Rubber Corporation: 2023 FY & Q4 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue202317415.621724.6-19.8
Carbon BlackEBIT2023-124.0339.3-136.5
Carbon BlackSales RevenueQ44427.95215.1-15.1
Carbon BlackEBITQ4168.3-71.8334.3


February (2024)

Thai Carbon: 2023 Q3 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ33295.02918.712.9
Carbon BlackDirect TotalQ32572.42690.4-4.4
Carbon BlackEBITQ3191.4-831.0123.0


Phillips Carbon Black Ltd: 2023 Q3 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ316149.613314.321.3
Carbon BlackEBITQ32524.01671.951.0
Carbon BlackSales Vol MTQ3136108.092000.047.9


Tokai Group: 2023 Q4 Results  Link...

Tokai Group: Volumes decreased slightly due to prolonged periods of production adjustments for TBR tires and weak demand for non-tire products.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ437292.035134.06.11
Carbon BlackEBITQ45378.03296.063.2


Cabot Corporation: 2024 Q1 Results  Link...

Cabot Corporation: Reinforcing: volumes up in Europe and Asia (+2% global), modest sequential volume improvements expected. EBIT improvements through favourable pricing and product mix from 2023 customer agreements. Performance: Volumes up 10% with sequential volume increase expected driven by seasonality.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20242023YoY, %Notes
Carbon BlackSales RevenueQ1851.0854.0-.41
Carbon BlackEBITQ1154.1115.433.5
Rubber BlackSales RevenueQ1641.0643.0-.32
Rubber BlackEBITQ1129.094.037.2
Rubber BlackSales Vol YoY %Q1102.095.07.43
Specialist BlackSales RevenueQ1210.0211.0-.54
Specialist BlackEBITQ125.121.417.2


Orion Engineered Carbons USD: 2023 Q4 & FY Results  Link...

Orion Engineered Carbons: Q4: Increased demand YoY in speciality and rubber (China). Revenue was flat due to lower pass through of oil prices, partially offset by improved pricing. Gross profit per MT down due to lower cogen pricing (European electricty pricing) and unfavourable product and geographic mix. FY: subdued demand in most markets excepting China. Lower revenue due to oil price pass through and volume, offset my contractual price increases. Gross profit increased due to negotiated contract pricing, offset by lower volumes and cogen revenue. Rubber Segment gross profit per MT increased due to contractual pricing. Speciality Segment gross profit per MT down due to geographic, product mix and cogen.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ4468.2462.11.3
Carbon BlackadjEBITDAQ466.665.22.1
Carbon BlackEBITDAQ459.461.8-3.9
Carbon BlackEBITQ427.236.0-24.4
Rubber BlackSales RevenueQ4319.5315.81.2
Rubber BlackadjEBITDAQ449.240.322.1
Rubber BlackSales Vol MTQ4171300.0168400.01.7
Specialist BlackSales RevenueQ4148.7146.31.6
Specialist BlackadjEBITDAQ417.424.9-30.1
Specialist BlackSales Vol MTQ454900.046700.017.6


Birla Carbon: ISCC Plus Certification for US and Korean Plants  Link...

Birla Carbon's plants in Hickok, USA and Yeosu (South Korea) have secured ISCC Plus certification, this follows certification of Birla's Trecate, Italy plant last year.

Birla Carbon is actively pursuing ISCC PLUS certification for several other global plants. The certification process for two units in Brazil and three units in India, Spain, Egypt, and Hungary is underway, with the remaining sites slated for completion through the remainder of CY 2024.


January (2024)

Orion Engineered Carbons: Completes EPA-Mandated Air Emissions Control Upgrades  Link...

Orion has completed upgrading its air emissions control technology at all four of its U.S. carbon black plants – the biggest sustainability-related initiative in the company’s history. The company recently finished its final air emissions project at its plant in Belpre, Ohio. Previously, the company upgraded its Borger, Texas; Ivanhoe, Louisiana; and Orange, Texas, facilities.


Birla Carbon: Announces New Greenfield Expansions in India and Thailand  Link...

Birla Carbon has announced that it will build two new manufacturing plants to support the fast growing markets of India and Southeast Asia. The plants will be built in Niadupet, Andhra Pradesh, India and Rayong, Thailand and will both have an intitial capacity of 120 kMT to be operational in 2025 with potential future expansions to 240 kMT.

Previously announced brownfield expansion plans in Hungary, as well as, the post treatment facility expanding Specialty capacity at Patalganga, India, are progressing on plan.


Epsilon Carbon: Planning Integrated Carbon Complex in Odisha  Link...

Epsilon Carbon has signed a MoU with the Government of Odisha committing an investment of Rs 10k crores over 10 years to establish an integrated carbon complex in Jharsuguda, Odisha. The ICC project includes carbon black capacity of 300 kMTpa as well as 500 kMT of speciality carbon and 75 kMT of advanced materials.


December (2023)

China Synthetic Rubber Corporation: 2023 Q3 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ34509.86110.9-26.2
Carbon BlackEBITQ3-102.6315.5-132.5


November (2023)

Thai Carbon: 2023 Q2 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ23288.53255.01.01
Carbon BlackEBITQ21058.21665.8-36.5


Orion Engineered Carbons: Celebrates Opening of 2nd Plant in China  Link...

Orion has celebrated the opening of its new plant located in the city of Huaibei, Anhui province, China. The plant has 2 production lines with a total capacity of 70 kMTpa with production targetted at various segments including rubber, coatings, inks and plastics.


Tokai Group: 2023 Q3 Results  Link...

Tokai Group: Carbon black revenue up YoY based on increased sales prices through the year. Q3 values indicate softening market.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ337300.039621.0-5.91
Carbon BlackEBITQ35152.04201.022.6


Cabot Corporation: 2023 Q4 Results & FY2023  Link...

Cabot Corporation: FY 2023 results included: record EBIT in reinforcing materials driven by favourable CY2023 customer agreements in the face of a 5% volume decline due to prolonged destocking; Lower volumes in performance chemicals (except battery materials) due to an extended period of destocking and market weakness. Forward priorites include: Strategic investment in Battery Materials in US and EU; Expansion of reinforcement materials in Indonesia for Southeast Asia market growth; Debottlenecking of inkject capacity for packaging growth.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ4850.0950.0-10.51
Carbon BlackEBITQ4160.6145.210.6
Rubber BlackSales RevenueQ4624.0700.0-10.92
Rubber BlackEBITQ4134.0109.022.93
Rubber BlackSales Vol YoY %Q498.0104.0-5.84
Specialist BlackSales RevenueQ4226.0250.0-9.65
Specialist BlackEBITQ426.336.2-27.4


Jiangxi Black Cat Carbon Black: 2023 Q3 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ32370.02648.9-10.5
All SegmentsGross MarginQ389.748.784.4
All SegmentsEBITQ3-26.4-21.2-24.6


Longxing Chemical Stock: 2023 Q3 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ31041.51198.5-13.1
All SegmentsGross MarginQ3121.192.730.7
All SegmentsEBITQ349.544.012.5


Jinneng Science & Technology: 2023 Q3 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ33699.05276.0-29.9
All SegmentsGross MarginQ3193.6180.37.3
All SegmentsEBITQ367.2100.8-33.3


Yongdong Chemical Industry: 2023 Q3 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ31159.31231.6-5.9
All SegmentsGross MarginQ3108.339.6173.2
All SegmentsEBITQ374.03.32125.2


Cabot Corporation: Launches New REPLASBLAK™ Circular Black Masterbatch  Link...

Cabot has launched its new REPLASBLAK™ product family of circular black masterbatches with certified material. Part of Cabot's EVOLVE® Sustainable Solutions, the launch includes three products which will be sold as the company’s first-ever ISCC PLUS certified black masterbatch products:

  • REPLASBLAK rePE5475 100% circular black masterbatch leverages 100% ISCC PLUS mass balance certified material made from reclaimed carbons from end-of-life tire pyrolysis and mechanically recycled polyethylene. It delivers more than 60% GHG reduction in comparison to a standard black masterbatch and adheres to the ISCC PLUS voluntary add-on GHG emissions requirements. This medium tint product is targetted at the automotive, agricultural, packaging and construction markets.
  • REPLASBLAK rePE5265 70% circular black masterbatch leverages 70% ISCC PLUS mass balance certified material made from mechanically recycled polyethylene. It reduces GHG emissions by nearly 50% in comparison to a standard black masterbatch and adheres to the ISCC PLUS voluntary add-on GHG emissions requirements. This high gloss and high jet product is targetted at sheet extrusion applications in the automotive market.
  • REPLASBLAK rePE5250 60% circular black masterbatch leverages 60% ISCC PLUS mass balance certified material made from mechanically recycled polyethylene. It reduces GHG emissions by nearly 50% in comparison to a standard black masterbatch and adheres to the ISCC PLUS voluntary add-on GHG emissions requirements. This high tint product is targetted at the automotive market.


Orion Engineered Carbons: 2023 Q3 Results  Link...

Orion Engineered Carbons: Volumes flat with increases in China offset by lower volumes in EMEA and Americas. Gross profit down due to lower cogeneration and start-up of new facility in China.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ3466.2543.1-14.2
Carbon BlackGross MarginQ3110.2114.4-3.7
Carbon BlackadjEBITDAQ377.380.5-4.0
Carbon BlackEBITDAQ373.678.8-6.6
Carbon BlackEBITQ345.743.45.3
Carbon BlackSales Vol MTQ3245200.0243300.0.8
Rubber BlackSales RevenueQ3315.8373.5-15.4
Rubber BlackGross MarginQ371.669.62.91
Rubber BlackadjEBITDAQ351.249.43.62
Rubber BlackSales Vol MTQ3185300.0191000.0-3.03
Specialist BlackSales RevenueQ3150.4169.6-11.3
Specialist BlackGross MarginQ338.644.8-13.8
Specialist BlackadjEBITDAQ326.131.1-16.14
Specialist BlackSales Vol MTQ359900.052300.014.55


Phillips Carbon Black Ltd: 2023 Q2 Results  Link...

Phillips Carbon Black Ltd: Commissioned 84 kMTpa capacity at the new Chennai plant - completing phase I.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ213541.615913.0-14.9
Carbon BlackEBITQ22045.11789.114.3
Specialist BlackSales Vol MTQ215574.010016.055.5


October (2023)

Birla Carbon: Acquires Nanocyl  Link...

Birla Caron has completed the acquisition of Nanocyl SA, a worldwide leader in multi-wall carbon nanotubes (MWCNT’s) based in Sambreville, Belgium. The acquisition expands Birla Carbon’s presence in the Energy Systems market, with a focus on material critical to Lithium Ion battery performance along with other conductive applications. Nanocyl’s advanced MWCNTs enhances Birla's range of solutions for conductive applications, joining Birla's Conductex™ family of carbon black additives and active anode materials


China Synthetic Rubber Corporation: 2023 Q2 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ24067.15509.1-26.2
Carbon BlackEBITQ2-293.47.6-3975.7


September (2023)

Cabot Corporation: Increasing Prices Globally for Specialty Carbon Blacks  Link...

Cabot is raising prices globally by up to 9% for specialty carbon blacks. The price increases are necessary to address higher costs associated with manufacturing relating to inflationary pressures, maintenance and environmental compliance costs. Increases are effective from November 1, 2023 or as contracts allow.


Cabot Corporation: Enhances Cirularity and Traceability Via ISCC Certification  Link...

Cabot has achieved International Sustainability and Carbon Certification (ISCC) PLUS certification at six of its facilities. Sites currently certified include three reinforcing carbon facilities in Europe and the Americas as well as two masterbatch and compounding facilities* in Europe and the Company’s Europe, Middle East and Africa regional headquarters.

Cabot currently offers two ISCC PLUS certified products powered by EVOLVE® Sustainable Solutions, VULCAN® 7H-C circular reinforcing carbon and STERLING® SO-RC110 circular reinforcing carbon. These products are produced via a mass balance approach designed to trace the flow of materials through a complex value chain.


Orion Engineered Carbons: Investing In Project for Circular Carbon Black  Link...

Orion is investing 12.8 million Euro (including 6.4 million Euro funding from the German government and European Union) to further develop and demonstrate a climate-neutral process for producing carbon black from alternative sources.

The technology is designed to improve Orion’s yield and throughput in the production of carbon black using circular feedstocks and thus potentially reduce the carbon footprint of the process by a significant amount. This could accelerate the shift to a circular economy and feed the growing demand for sustainable materials in the tire industry. A research facility is being built for the project at Orion’s main innovation center at its plant in Cologne.


August (2023)

Jinneng Science & Technology: 2023 Q2 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ23772.94306.7-12.4
All SegmentsEBITQ286.180.07.6
All SegmentsNet MarginQ277.750.255.0


Yongdong Chemical Industry: 2023 Q2 Results  Link...

Yongdong Chemical Industry: First half of 2023 was subject to large fluctuations in raw material prices.

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ21053.01159.5-9.2
All SegmentsEBITQ21.247.1-97.6
All SegmentsNet MarginQ2.240.0-99.5


Thai Carbon: 2023 Q1 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales RevenueQ13089.73243.5-4.71
Carbon BlackEBITQ11190.01332.9-10.7


Jiangxi Black Cat Carbon Black: 2023 Q2 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ22217.12806.7-21.0
All SegmentsEBITQ2-132.498.7-234.1
All SegmentsNet MarginQ2-135.757.8-334.8


Longxing Chemical Stock: 2023 Q2 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales RevenueQ21036.71196.9-13.4
All SegmentsNet MarginQ243.947.7-7.8
All SegmentsEBITQ241.258.1-29.1


Orion Engineered Carbons USD: 2023 Q2 Results  Link...

Orion Engineered Carbons: Speciality carbon black had reduced volumes (>10% reduction for quarter and half year) due to weakness in most end-markets leading to reduction in adjEBITDA. Pricing remained stable. Volumes in rubber carbon black were down 9.4% in the quarter and down 6.6% for the first half of 2023 due to the global economic slowdown.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/2458.8541.2-15.2
Carbon BlackadjEBITDA2023/287.383.44.7
Carbon BlackEBITDA2023/286.180.37.2
Carbon BlackEBIT2023/258.952.911.3
Carbon BlackSales Vol MT2023/2227300.0251400.0-9.6
Rubber BlackSales Revenue2023/2309.3359.3-13.91
Rubber BlackadjEBITDA2023/257.438.051.12
Rubber BlackSales Vol MT2023/2173700.0191700.0-9.4
Specialist BlackSales Revenue2023/2149.5181.9-17.83
Specialist BlackadjEBITDA2023/229.945.4-34.14
Specialist BlackSales Vol MT2023/253600.059700.0-10.2


Phillips Carbon Black Ltd: 2023 Q1 Results  Link...

PCBL: Commissioned phase one (20 kMTpa) of speciality carbon black plant in Mundra in July following start-up (63 kMTpa) at the Tamil Nadu greenfield plant in April.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/112590.313739.0-8.4
Carbon BlackEBIT2023/12042.31834.811.3
Carbon BlackSales Vol MT2023/1118127.2109377.08.0


Tokai Group: 2023 Q2 Results  Link...

Tokai Group: Demand remained constant, increased demand for OE tire and reduced for RP tire. Selling prices and margin improvements due to recovery of environmental investments, tight supply-demand in USMCA and other regions and higher productivity.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/236425.034299.06.21
Carbon BlackEBIT2023/25016.01736.0188.9


Cabot Corporation: Increasing Prices for Rubber Carbon Black Products Manufactured in USMCA  Link...

Cabot is increasing prices for all carbon black products sold by its Reinforcement Materials segment in North America, effective for all shipments on or after October 1, 2023, or as customer contracts allow. The price increase will range from 6% to 9%, depending on product and packaging type.

The price increases are deemed necessary to cover increasing operational and maintenance based manufacturing costs as well as to further Cabot's sustainability objectives for itself and its customers.


Cabot Corporation: 2023 Q3 Results  Link...

Cabot Corporation: Lower replacement tire demand impacted reinforcement volumes across all regions. Specialist black impacted due to market weakness with key end markets remaining challenging.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/3851.0977.0-12.9
Carbon BlackEBIT2023/3155.6158.7-2.0
Rubber BlackSales Revenue2023/3624.0707.0-11.71
Rubber BlackEBIT2023/3132.0113.016.82
Rubber BlackSales Vol YoY %2023/392.0105.0-12.4
Specialist BlackSales Revenue2023/3227.0270.0-15.93
Specialist BlackEBIT2023/323.645.7-48.3
Specialist BlackSales Vol YoY %2023/392.0102.0-9.84


Cabot Corporation: Joins US DOE's Better Plants Program  Link...

Cabot has announced its partnership with the U.S. Department of Energy’s (DOE’s) Better Plants program. The voluntary partnership program aims to drive significant energy efficiencies across the US industrial sector. Cabot sees this as an opportunity to advance its energy efficiency performance twoards is net zero emissions goal by 2050.

All of Cabot's current U.S.-based manufacturing sites are part of the program. The Better Plants program currently has more than 280 partners representing every major U.S. industrial sector and includes more than 3,600 facilities across the U.S. Through the initiative, partners share proven energy-efficiency strategies and best practices. Cabot anticipates being able to apply lessons learned from the partnership to help advance its energy efficiency improvement activities in the U.S.

The Better Plants program works with leading U.S. manufacturers to set ambitious environmental goals and commit to reducing energy intensity by 25% over a 10-year period across all U.S. operations. By partnering with industry, the Better Plants program aims to help leading manufacturers boost efficiency, increase resilience, strengthen economic competitiveness and reduce their carbon footprint through improvements in energy efficiency.


May (2023)

China Synthetic Rubber Corporation: 2023 Q1 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/14410.84889.4-9.8
Carbon BlackEBIT2023/1103.888.017.9


Phillips Carbon Black Ltd: 2022 Full Year Results  Link...

PCBL: Best ever financial performance for FY23 despite strong global economic headwinds and volatility.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/413351.211921.312.0
Carbon BlackEBIT2022/41691.71386.322.0
Carbon BlackSales Vol MT2022/4119238.0113122.05.4


Tokai Group: 2023 Q1 Results  Link...

Tokai Group: Demand for tires remained solid. Costs of capital investments for production emissions control were offset by strong U.S. demand. Operations were at full capacity at bases in Japan and Thailand.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/137406.029430.027.11
Carbon BlackEBIT2023/15757.03049.088.8


Cabot Corporation: 2023 Q2 Results  Link...

Cabot Corporation: Reinforcing margins improved due to favourable pricing and mix for 2023 customer agreements. Volumes down in reinforcing and performance chemicals due to COVID outbreaks in China, with performance chemicals also impacted by market softness. Volume growth continues in Battery Materials.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/2913.0893.02.21
Carbon BlackEBIT2023/2142.7152.7-6.6
Rubber BlackSales Revenue2023/2672.0627.07.2
Rubber BlackEBIT2023/2122.0101.020.8
Rubber BlackSales Vol YoY %2023/293.0103.0-9.72
Specialist BlackSales Revenue2023/2241.0266.0-9.43
Specialist BlackEBIT2023/220.751.7-60.0
Specialist BlackSales Vol YoY %2023/295.0102.7-7.54


Orion Engineered Carbons USD: 2023 Q1 Results  Link...

Orion Engineered Carbons: Record 2023 Q1 adjEBITDA. Borger, Texas emissions project completed, final emissions project on track for 2H 2023. Huabei, China plant commissioned and producing qualificationi samples, full ramp up in 2024.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/1500.7484.53.3
Carbon BlackEBIT2023/173.554.634.6
Carbon BlackSales Vol MT2023/1233500.0253200.0-7.8
Rubber BlackSales Revenue2023/1338.7306.910.4
Rubber BlackadjEBITDA2023/163.840.756.8
Rubber BlackSales Vol MT2023/1180500.0187600.0-3.8
Specialist BlackSales Revenue2023/1162.0177.6-8.8
Specialist BlackadjEBITDA2023/137.342.5-12.2
Specialist BlackSales Vol MT2023/153000.065600.0-19.2


Jiangxi Black Cat Carbon Black: 2023 Q1 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales Revenue2023/12206.21848.719.3
All SegmentsDirect Total2023/12190.71792.722.2
All SegmentsGross Margin2023/115.556.0-72.2
All SegmentsEBIT2023/1-104.1.7-14916.3


Yongdong Chemical Industry: 2023 Q1 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales Revenue2023/11138.8848.534.2
All SegmentsDirect Total2023/11097.4803.436.6
All SegmentsGross Margin2023/141.345.2-8.6
All SegmentsNet Margin2023/1-4.510.6-143.0
All SegmentsEBIT2023/1-5.112.3-141.5


Jinneng Science & Technology: 2023 Q1 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales Revenue2023/13441.84518.5-23.8
All SegmentsNet Margin2023/1-138.7124.1-211.8
All SegmentsEBIT2023/1-162.4151.1-207.5


April (2023)

Jinneng Science & Technology: 2022 Q4 Results  Link...

Jinneng Science & Technology

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/42699.44056.6-33.5
All SegmentsNet Margin2022/4-10.8-196.094.5
All SegmentsEBIT2022/4-88.8-193.954.2


Longxing Chemical Stock: 2023 Q1 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20232022YoY, %Notes
All SegmentsSales Revenue2023/11119.51003.311.6
All SegmentsEBIT2023/117.914.325.3
All SegmentsNet Margin2023/112.711.411.6


Phillips Carbon Black Ltd: Successfully Commissioned Phase One of Its Chennai Plant  Link...

PCBL have successfully commissioned the first phase of its greenfield plant in Chennai, India. The first phase has a capacity of 63 kMTpa. When fully complete the plant will have a capacity of 147 kMTpa and 24 MW of green power.


Asahi (Bridgestone): Acquires ISCC PLUS Certification  Link...

Asahi Carbon Co., Ltd. has acquired ISCC PLUS certification and plans to start producing carbon black using recycled oil as a raw material starting August 2023. This approach enables the selling of carbon black produced using sustainable recycled resources using a mass balance method defined by ISCC PLUS.


March (2023)

Orion Engineered Carbons: Increases Capacity for High-Jetness Carbon Blacks at Cologne Plant  Link...

Orion Engineered Carbons has debottlenecked a post-treatment unit at its Cologne, Germany, plant that produces high-jetness specialty carbon blacks. This enables Orion to increase production capacity and also produce pelleted product in addition to powder.

High-jetness carbon blacks deliver a deep black masstone with a bluish undertone and are popular in automotive coatings. Orion has plans to install a second post-treatment unit at its Cologne facility due to the rapidly growing demand for the company’s premium grades.


Cabot Corporation: Launches EVOLVE™ Sustainable Solutions  Link...

Cabot has announced its EVOLVE™ sustainable solutions technology platform which develops reinforcing carbons in three sustainability categories:

  • Recovered
    • Reinforcing carbons leveraging circular value chains and materials recovered from end-of-life tires
  • Renewable
    • Reinforcing carbons from bio-based feedstocks and particles
  • Reduced
    • Reinforcing carbons with a reduced greenhouse gas footprint

The first EVOLVE™ product offerings are: Vulcan 7H-C circular reinforcing carbon black, an N234 carbon black made from ISCC PLUS certified tire pyrolysis oil which is a drop-in replacement for standard Vulcan 7H; and Sterling® SO-RC110 circular reinforcing carbon black produced using 10% ISCC PLUS recovered carbon material co-pelletised with Sterling SO carbon black (N550). Sterling SO-RC110 offers equivalent performance to Sterling SO.


February (2023)

EU Commission: 10th Package of Sanctions Against Russia Including Carbon Black   Link...

The EU has implemented (February 25th 2023) an import quota of 752.5 kMT of Russian carbon black which will expire after June 30th, 2024. From this date an import embargo with be in effect.


Thai Carbon: 2022 Q3 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/32918.72709.37.7
Carbon BlackEBIT2022/3-831.0285.2-391.4


China Synthetic Rubber Corporation: 2022 Q4 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/45215.14646.812.2
Carbon BlackEBIT2022/4-71.883.3-186.2


Orion Engineered Carbons USD: 2022 Q4 Results  Link...

Orion Engineered Carbons: Reduction in speciality volumes offset partially by growth in rubber volumes (Americas and APAC). Improved contribution by cogeneration. Huaibei plant currently being commissioned with full ramp-up by 2025.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/4462.1392.717.7
Carbon BlackadjEBITDA2022/465.252.324.7
Carbon BlackEBIT2022/436.012.9179.1
Carbon BlackSales Vol MT2022/4215100.0223100.0-3.6
Rubber BlackSales Revenue2022/4315.8245.128.8
Rubber BlackadjEBITDA2022/440.322.083.2
Rubber BlackSales Vol MT2022/4168400.0163300.03.1
Specialist BlackSales Revenue2022/4146.3147.6-.9
Specialist BlackadjEBITDA2022/424.930.3-17.8
Specialist BlackSales Vol MT2022/446700.059800.0-21.9


Tokai Group: 2022 Q4 Results  Link...

Tokai Group: Softening of volumes also impacted by sale of Tokai Carbon and installation of environmental equipment in US. Volumes expected to recover in the next quarter and year. Sales revenue increase due to pass-on of feedstock and energy costs.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/435134.027229.029.01
Carbon BlackEBIT2022/43296.02099.057.0


Cabot Corporation: 2023 Q1 Results  Link...

Cabot Corporation: Reinforcing volumes down 5% YoY due to customer destocking and COVID-19 outbreaks in China. Margins improved due to favourable pricing and product mix for 2022 customer agreements. Performance chemicals volumes down 8% driven by destocking, market softness and COVID outbreaks in China. Volumes for both segments are expected to improve moving into Q2 FY 2023. Growth in battery materials remains strong.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20232022YoY, %Notes
Carbon BlackSales Revenue2023/1854.0768.011.21
Carbon BlackEBIT2023/1115.4124.1-7.0
Rubber BlackSales Revenue2023/1643.0541.018.9
Rubber BlackEBIT2023/194.085.010.6
Rubber BlackSales Vol YoY %2023/195.0104.0-8.7
Specialist BlackSales Revenue2023/1211.0227.0-7.02
Specialist BlackEBIT2023/121.439.1-45.2
Specialist BlackSales Vol YoY %2023/192.097.0-5.2


Phillips Carbon Black Ltd: 2022 Q3 Results  Link...

PCBL: Volumes down due to customers using up inventory in anticipation of formula pricing drops in the next quarter. Q4 volumes are expected to balance this out. High profit margin for power generation.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/313314.311283.118.0
Carbon BlackEBIT2022/31671.91455.114.9
Carbon BlackSales Vol MT2022/392000.0115924.0-20.6


January (2023)

Cabot Corporation: Investing in U.S. Conductive Carbon Additives Capacity for Electric Vehicle Applications  Link...

Cabot plans to add conductive carbon additives (CCA) capacity in the United States to support the transition to electric vehicles (EVs). Cabot plans to add conductive carbons capacity at its existing facility in Pampa, Texas, which is part of an approximately $200 million planned investment program over the next five years focused on expanding the company’s CCA production in the United States.

CCAs are an essential component of lithium-ion battery chemistry and are used to provide sufficient electrical conductivity to the active materials. Cabot has the broadest portfolio of CCAs including conductive carbons, carbon nanotubes (CNT), carbon nanostructures (CNS), and blends of CCAs to deliver optimal performance. Additionally, the company’s global footprint of manufacturing assets, technology labs and commercial resources enables regional supply security support for its customers.

Cabot expects to invest approximately $75-90 million to produce 15 kMTpa of conductive carbons at its existing facility in Pampa, TX. The project is expected to commence operations at the end of calendar year 2025. In addition to a manufacturing plant, Cabot also operates a research and development facility and pilot plant in Pampa that focuses on developing new process technology for battery and other applications.


Orion Engineered Carbons: Reduces Air Emissions at Borger, Texas Plant  Link...

Orion Engineered Carbons (OEC) has reduced air emissions at its Borger, Texas plant with new control technology.

The emissions technology provides a major improvment in air quality by eliminating 23 tons/day of nitrogen oxide and sulphur dioxide emissions, which is a 90% reduction.The $60 million project also upgraded the site's cogeneration system.

OEC also recently upgraded emissions control technology at is plants in Ivanhoe, La and Orange, Texas and plans finish its final U.S. emissions project at its Belpre, Ohio plant later this year.


China Synthetic Rubber Corporation: Confirmed Closure of Continental Carbon Phenix City Plant  Link...

The closure of Continental Carbon's Phenix City plant has been confirmed. The company was ordered to close the facility by the Alabama Department of Environmental Management for failure to institute mandated plant upgrades to meet U.S. EPA Clean Air Act standards.


December (2022)

China Synthetic Rubber Corporation: Continental Carbon Phenix City, USA Plant Set for Closure  Link...

Continental Carbon's plant in Phenix City, Alabama will cease operations at the end of this month after failing to implement mandatory environmental upgrades at the facility. Continental had asked for an extension to the completion schedule from the US EPA, however, no grace period is to be granted. If there are no further developments operations will cease January 1st 2023.


November (2022)

Thai Carbon: 2022 Q2 Results  Link...

Thai Carbon: Strong performance from pricing benefits.

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/23255.02224.946.31
Carbon BlackEBIT2022/2448.0381.817.32


China Synthetic Rubber Corporation: 2022 Q3 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/36110.94541.234.6
Carbon BlackEBIT2022/3315.5114.2176.3


Cabot Corporation: 2022 Q4 Results  Link...

Cabot Corporation: Significant progress in key investments during 2022 focusing on battery material capacity and sales growth with a 58% volume growth in battery material sales during FY 2022. Reinforcing materials showed a 63% YoY EBIT improvement based on strong volume growth, better pricing and product mix. Successful implementation of price increases across the performance segment to recover rising costs.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/4950.0694.036.91
Carbon BlackEBIT2022/4145.298.846.9
Rubber BlackSales Revenue2022/4700.0493.042.0
Rubber BlackEBITDA2022/4126.085.048.2
Rubber BlackEBIT2022/4109.067.062.7
Rubber BlackSales Vol YoY %2022/4104.0106.0-1.92
Specialist BlackSales Revenue2022/4250.0201.024.43
Specialist BlackEBITDA2022/449.644.611.1
Specialist BlackEBIT2022/436.231.813.8
Specialist BlackSales Vol YoY %2022/4103.0102.01.0


Tokai Group: 2022 Q3 Results  Link...

Tokai Group: Sales volumes decreased YoY due to sale of Tokai Carbon (Tianjin). Environmental equipment at US production plants will be fully implemented by end of 2022 followed by full operation in 2023. Sales revenue increased due to high selling price with FS cost pass through.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/339621.025998.052.4
Carbon BlackEBIT2022/34201.02331.080.2


Jiangxi Black Cat Carbon Black: 2022 Q3 Results  Link...

Jiangxi Black Cat Carbon Black: Investing in new 20k Mtpa speciality super conducting carbon black plant, Leping City, Jiangxi.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/32648.91855.942.7
All SegmentsEBIT2022/3-21.219.6-208.4
All SegmentsNet Margin2022/3-30.910.0-410.4


Longxing Chemical Stock: 2022 Q3 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/31198.5809.148.1
All SegmentsEBIT2022/344.018.0144.2
All SegmentsNet Margin2022/334.819.082.5


Jinneng Science & Technology: 2022 Q3 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/35276.02707.594.9
All SegmentsEBIT2022/3100.8232.5-56.7
All SegmentsNet Margin2022/385.7208.1-58.8


Yongdong Chemical Industry: 2022 Q3 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/31231.6942.830.6
All SegmentsEBIT2022/33.339.1-91.5
All SegmentsNet Margin2022/33.032.8-90.7


Orion Engineered Carbons USD: 2022 Q3 Results  Link...

Orion Engineered Carbons: Ahead of plan on natural gas reduction in Europe. Successful 2023/4 contract negotiations. New plant in Huaibei, China on track for early 2023 startup.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/3543.1393.138.21
Carbon BlackGross Margin2022/3114.498.715.92
Carbon BlackadjEBITDA2022/380.566.421.23
Carbon BlackEBITDA2022/378.864.122.9
Carbon BlackEBIT2022/343.440.37.7
Rubber BlackSales Revenue2022/3373.5242.853.84
Rubber BlackGross Margin2022/369.647.147.85
Rubber BlackadjEBITDA2022/349.427.480.4
Rubber BlackSales Vol MT2022/3191000.0173000.010.4
Specialist BlackSales Revenue2022/3169.6150.212.96
Specialist BlackGross Margin2022/344.851.6-13.2
Specialist BlackadjEBITDA2022/331.139.0-20.3
Specialist BlackSales Vol MT2022/352300.063900.0-18.2


Phillips Carbon Black Ltd: 2022 Q2 Results  Link...

PCBL: Short-term market uncertainties prevail. Domestic market is growing in line with the automotive industry, however, increased domestic capacities may have a negative effect in the short-term. Export demand has reduced primarily due to disruption in the global market, particulary relevant for exports to Europe. Continuing consolidation in the Chinese carbon black industry along with geopolitical issues influencing oil and FX rates make the foreseeable situation extremely volatile.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/215913.010451.752.3
Carbon BlackEBIT2022/21789.11678.46.6
PowerSales Revenue2022/2560.5430.230.3
PowerEBIT2022/2363.6249.046.0


Orion Engineered Carbons: Earns ISCC Plus Certification for Multiple Grades and Plants  Link...

Orion Engineered Carbons has become the first major carbon black producter to achieve International Sustainability and Carbon Certifications (ISCC Plus) for multiple carbon black grades made from different feedstocks at plants in two regions of the world.

The ISCC PLUS certification involved rigorous audits of Orion’s plants and processes that confirmed the company’s compliance with high sustainability requirements. It also verified the transparency and traceability of sustainable raw materials in the company’s value chain at three plants producing the concerned grades of carbon black.

The ISCC PLUS certified products include the ECORAX® Circular grades produced in Borger, Texas, and Belpre, Ohio, using pyrolysis oils from end-of-life tires. Also covered is ECORAX® Nature 200, produced in Jaslo, Poland, and based on bio-circular feedstocks.

Significantly, the certified products are similar to conventional grades and are “drop-ins” that require minimal reformulation in the complex rubber compounds used by our major tire manufacturing customers.


October (2022)

Cabot Corporation: Expands Engineered Elastomer Composites (E2C™) Portfolio  Link...

Cabot Corporation has announced the expansion of its Engineered Elastomer Composites (E2C™) product line with the launch of two new products, E2C™ FX9570 and E2C™ EX9620 solutions. These solutions provide rubber manufacturers with additional options to design products for high durability in demanding operating environments. Furthermore, they deliver improvements in durability and heat minimization that have benefits in off-the-road tires like aircraft and port tires, truck tires used on rough surfaces, as well as in other industrial rubber products exposed to severe wear conditions or high operating temperatures.

The E2C solutions family includes three performance series – Durability, Efficiency and Foundation. The E2C EX9620 product is the first solution released in the Efficiency series and is designed to enable cool-running rubber compounds with strong resistance to abrasion and cutting. EX9620 is optimally deployed in applications where rubber products are subject to excessive heat loads caused by high operating speeds, heavy loads, long duty cycles and/or high temperatures.

The E2C FX9570 product is part of the Foundation series and enables high rubber durability in rough environments where cutting and chipping is prevalent, and duty cycles demand higher heat resistance. FX9570 lowers heat build-up by up to 20% versus conventional compounds.


Cabot Corporation: Increasing Speciality Carbon Prices Globally  Link...

Cabot is raising prices globally for all shipments of speciality carbon blacks from 6th November 2022, or as contracts allow.The increase is required due to the rise in raw material and production related costs. Increases and timing will vary by region and product.


September (2022)

Tokai Group: Constructing New Carbon Black Plant in Thailand  Link...

Tokai's board has approved the construction of a new carbon black plant (replacing the existing site) in Thailand. The demand for carbon black in the region has increased significantly in recent years due to the expansion of the automotive industry. The new plant will have a capacity of 180 kMTpa and is scheduled for completion April 2025 (pending various approvals).


Yongdong Chemical Industry: 2022 Q2 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/21159.5952.121.8
All SegmentsEBIT2022/247.1123.8-62.0
All SegmentsNet Margin2022/240.0104.8-61.8


Longxing Chemical Stock: 2022 Q2 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/21196.9858.039.5
All SegmentsEBIT2022/258.153.48.8
All SegmentsNet Margin2022/247.743.210.3


August (2022)

Jiangxi Black Cat Carbon Black: 2022 Q2 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/22806.72100.533.6
All SegmentsEBIT2022/298.7223.5-55.8
All SegmentsNet Margin2022/257.8185.0-68.8


Jinneng Science & Technology: 2022 Q2 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/24306.72638.063.3
All SegmentsEBIT2022/280.0530.5-84.9
All SegmentsNet Margin2022/250.2447.4-88.8


Thai Carbon: 2022 Q1 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/13243.52074.256.4
Carbon BlackEBIT2022/1439.6400.99.71


China Synthetic Rubber Corporation: 2022 Q2 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/25509.14164.432.3
Carbon BlackEBIT2022/27.682.4-90.8


Orion Engineered Carbons USD: 2022 Q2 Results  Link...

Orion Engineered Carbons: Achieved record adjusted EBITDA and gross profit per ton. Gains via pass through of higher feedstock costs combined with price realisation and improved product mix (especially in the speciality segment). Favourable growth and market outlook in North America and Europe. Completion of the gas black capacity expansion is expected early 2023.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/2541.2401.035.0
Carbon BlackadjEBITDA2022/283.478.85.8
Carbon BlackEBITDA2022/280.3158.0-49.2
Carbon BlackEBIT2022/252.9132.0-59.9
Carbon BlackSales Vol MT2022/2251400.0250300.0.4
Rubber BlackSales Revenue2022/2359.3244.746.81
Rubber BlackadjEBITDA2022/238.039.5-3.82
Rubber BlackSales Vol MT2022/2191700.0182200.05.2
Specialist BlackSales Revenue2022/2181.9156.216.53
Specialist BlackadjEBITDA2022/245.439.315.54
Specialist BlackSales Vol MT2022/259700.068100.0-12.3


Cabot Corporation: 2022 Q3 Results  Link...

Cabot Corporation: Reinforcement materials EBIT at record high driven by volume growth and improved customer agreements for pricing. Momentum in battery materials continues with a 60% YoY volume growth - Xuzhou facility commenced production in Q3 and Tianjin first phase upgrades are on track. Zuhai CNT dispersion capacity expansion completed.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/3977.0687.042.21
Carbon BlackEBIT2022/3158.7122.130.0
Rubber BlackSales Revenue2022/3707.0479.047.62
Rubber BlackEBITDA2022/3130.0102.027.5
Rubber BlackEBIT2022/3113.085.032.9
Specialist BlackSales Revenue2022/3270.0208.029.83
Specialist BlackEBITDA2022/358.849.418.9
Specialist BlackEBIT2022/345.737.123.44
Specialist BlackSales Revenue2022/3270.0208.029.85
Specialist BlackEBITDA2022/358.849.418.9
Specialist BlackEBIT2022/345.737.123.46


Tokai Group: 2022 Q2 Results  Link...

Tokai Group: Carbon black operations at full capacity in Japan, Thailand and Canada due to recovery in demand for auto and tire production. Supply of carbon black is becoming increasingly tight, especially in the U.S. Tokai will continue to invest in facility upgrades and environmental facilities to ensure a stable supply.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/234299.024669.039.01
Carbon BlackEBIT2022/21736.02546.0-31.82


July (2022)

Phillips Carbon Black Ltd: 2022 Q1 Results  Link...

PCBL: Global demand for speciality blacks is increasing and PCBL is taking advantage of this with extended global reach and new customers. Despite significant crude price increases PCBL has improved EBITDA/MT due to the positive market demand situation as well as good performance in power and speciality blacks.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/114090.710038.540.4
All SegmentsEBIT2022/11693.11380.622.6
All SegmentsNet Margin2022/11259.11043.120.7
Carbon BlackSales Revenue2022/113739.09878.139.1
Carbon BlackEBIT2022/11834.81800.91.9
Carbon BlackSales Vol MT2022/1109377.0109424.0.0


Asahi (Bridgestone): Price Revision for Rubber Carbon Black  Link...

Asahi Carbon is increasing the price for rubber grade carbon black by 46.3 yen/kg from August 1st 2022. Increases are required due to the tight feedstock supply situation and depreciation of the yen.


June (2022)

Cabot Corporation: Increasing EMEA Prices for Reinforcing Carbon Blacks  Link...

Cabot is increasing prices for all carbon black products sold by its Reinforcement Materials segment in EMEA, effective for all shipments on or after August 1, 2022 (contracts allowing). The price increase will vary by grade and source.

Cabot is also increasing the feedstock surcharge applied to all carbon black products sold by its Reinforcement Materials segment in EMEA, effective for all shipments on or after August 1, 2022 (contracts allowing). This adjustment is necessary to reflect ongoing changes in the EMEA energy markets, which are impacting availability, quality, and logistics costs of feedstocks.

Due to the extraordinary rise in working capital due to high feedstock and natural gas costs, payment terms extended to EMEA Reinforcement customers will be limited to a maximum of thirty days, effective for all shipments on or after August 1, 2022, or as customer contracts allow.


Orion Engineered Carbons: Increasing Prices and Adjusting Payment Terms for Rubber Carbon Blacks in Europe and Americas  Link...

Orion Engineered Carbons is raising prices by 20% for all rubber carbon black products manufactured in Europe and the Americas. Payment terms will be reduced by at least 50% to conform with updated standards across the different regions. The changes will be effective for all shipments on or after Aug. 1, 2022, or as contracts permit.


Cabot Corporation: Increasing USMCA Prices for Reinforcing Carbon Blacks  Link...

Cabot is increasing prices for all carbon blacks sold by its Reinforcing Materials segment in North America from or after 1st August 2022 (contracts allowing). The price increases will range from$200/ton to $400/ton depending upon product and packaging type.

Cabot is also increasing the feedstock surcharge applied to all carbon black products sold by its Reinforcement Materials segment in North America, effective for all shipments on or after August 1, 2022, or as customer contracts allow. The adjustment is stated as necessary to reflect ongoing changes in the North American refining industry due to regulatory changes, residual impacts from the COVID-19 crisis, and changes in crude oil inputs to refineries.

Due to the extraordinary rise in oil prices and increased borrowing costs, payment terms extended to North America Reinforcement customers will be limited to a maximum of thirty days, effective for all shipments on or after August 1, 2022, or as customer contracts allow.


China Synthetic Rubber Corporation: 2022 Q1 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/14889.43890.725.7
Carbon BlackEBIT2022/188.0162.2-45.7


Thai Carbon: 2021 Q4 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/43319.61704.194.8
Carbon BlackEBIT2021/4783.9611.628.21


Birla Carbon: Announces Major Global Growth Plans  Link...

Birla Carbon has announced an additional 200 kMT capacity expansion across key markets covering Europe, India and China in support of rubber and speciality applications with completion expected by end of 2024.

The expansions include 80 kMT in India, 40 kMT in Hungary and 80 kMT in China with added capacity for surface treatment of high-value speciality materials in India.


May (2022)

Tokai Group: 2022 Q1 Results  Link...

Tokai Group: With improved selling prices and recovery of the replacement tire market in Europe and U.S. the carbon black operations are now at full capacity. Global supply of carbon black is becoming increasingly tight with tight supply of feedstock. Stable procurement of feedstock continues to be an important issue for the business.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/129430.021595.036.31
Carbon BlackEBIT2022/13049.01807.068.72


Birla Carbon: Increasing North American Carbon Black Prices  Link...

Birla Carbon is increasing the price of all carbon black products manufactured in North America by 15% effective 1st July 2022. The price increase is due to increasing costs for materials, freight, logistics and operations.


Tokai Group: Borger Carbon Black Plant Earns Sustainability Designation  Link...

Tokai Carbon's Borger, Texas carbon black plant has acheived the International Sustainability and Carbon Certification Plus standard. This standard allows Tokai to certify that its circular/bio-based products produced at the Borger are sustainable. This is the first certified sustainable carbon black production in North America.


Orion Engineered Carbons USD: 2022 Q1 Results  Link...

Orion Engineered Carbons: Record gross margin per ton in both Speciality and Rubber segments. Investing in acetylene black facility in the U.S. quadrupling capacity. New line in Ravenna, Italy fully utilised.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/1484.5360.134.6
Carbon BlackadjEBITDA2022/183.270.917.4
Carbon BlackEBITDA2022/181.968.519.6
Carbon BlackEBIT2022/154.642.927.4
Carbon BlackSales Vol MT2022/1253200.0254100.0-.4
Rubber BlackSales Revenue2022/1306.9215.942.11
Rubber BlackadjEBITDA2022/140.731.230.62
Rubber BlackSales Vol MT2022/1187600.0182700.02.7
Specialist BlackSales Revenue2022/1177.6144.223.23
Specialist BlackadjEBITDA2022/142.539.77.1
Specialist BlackSales Vol MT2022/165600.071400.0-8.14


Yongdong Chemical Industry: 2022 Q1 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/1848.5838.91.1
All SegmentsEBIT2022/112.3157.4-92.2
All SegmentsNet Margin2022/110.6130.5-91.9


Jiangxi Black Cat Carbon Black: 2022 Q1 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/11848.71858.2-.5
All SegmentsNet Margin2022/110.4275.1-96.2
All SegmentsEBIT2022/1.7311.1-99.8


Jinneng Science & Technology: 2022 Q1 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/14518.52573.975.5
All SegmentsEBIT2022/1151.1553.8-72.7
All SegmentsNet Margin2022/1124.1475.2-73.9


Longxing Chemical Stock: 2022 Q1 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20222021YoY, %Notes
All SegmentsSales Revenue2022/11003.3820.422.3
All SegmentsEBIT2022/114.394.4-84.9
All SegmentsNet Margin2022/111.480.1-85.7


Phillips Carbon Black Ltd: 2021 Q4 Results  Link...

PCBL: Seeing significant opportunities in the current political climate, especially given China's weaker position regarding cost effective supply to Western countries.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/412188.38667.340.6
All SegmentsVariable Cost2021/48992.25256.071.1
All SegmentsIndirect Sales2021/42226.51971.812.9
All SegmentsEBIT2021/41159.91688.8-31.3
All SegmentsNet Margin2021/4882.61273.8-30.7
Carbon BlackSales Revenue2021/411921.38485.840.5
Carbon BlackEBIT2021/41386.32006.6-30.9
PowerSales Revenue2021/4447.1364.522.7
PowerEBIT2021/4260.2216.720.1


Cabot Corporation: 2022 Q2 Results  Link...

Cabot Corporation: Record segment quarterly EBIT results for Reinforcement Materials and Performance Chemicals. Battery material sales achieved with a top five battery producer. Divestiture of Purification Solutions business completed.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/2893.0637.040.21
Carbon BlackEBIT2022/2152.7129.018.3
Rubber BlackSales Revenue2022/2627.0434.044.5
Rubber BlackEBITDA2022/2119.0107.011.2
Rubber BlackEBIT2022/2101.089.013.5
Rubber BlackSales Vol YoY %2022/2103.0118.0-12.72
Specialist BlackSales Revenue2022/2266.0203.031.03
Specialist BlackEBITDA2022/265.053.222.3
Specialist BlackEBIT2022/251.740.029.2
Specialist BlackSales Vol YoY %2022/2102.7110.0-6.6


April (2022)

Asahi (Bridgestone): Price Increases for Rubber Carbon Black  Link...

Asahi Carbon is increasing the price of rubber carbon black by 37.4 yen/Kg effective May 1st 2022. Increases are due to the increasing price of crude oil and the depreciation of the yen.


Asahi (Bridgestone): Non-Rubber Carbon Black Price Revision  Link...

Asahsi Carbon is increasing the price of non-rubber grade as follows: MCF/LFF +22 yen/kg, HCF +27 yen/kg. Price increases from May 1st 2022.


March (2022)

Orion Engineered Carbons: Increasing Rubber Carbon Black Prices in Europe  Link...

Orion Engineered Carbons is changing its carbon black oil surcharge and introducing a natural gas charge on all rubber carbon black products manufactured in Europe. These adjustments are required to address changing feedstock availability, quality and logistics.


Cabot Corporation: Increasing Prices Globally for Speciality Carbons Business  Link...

Cabot Corporation is increasing prices globally for carbon black products sold by its speciality carbons business. The magnitude of increases was not specified and will vary by product and geography. The price increases are effective on or after April 15, 2022 (contract dependant). The increases are due to the signficant and rapid rise in prime raw material costs including oil and natural gas.


China Synthetic Rubber Corporation: 2021 Q4 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/44646.83456.134.5
Carbon BlackEBIT2021/483.3226.9-63.3


Thai Carbon: 2021 Q3 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/32709.31317.3105.7
Carbon BlackEBIT2021/3376.2-41.11016.5


Solvay: 2021 Q4 Results  Link...

Solvay changed their reporting segments at the end of 2019. The new Chemicals segment now includes precipitated silica (along with soda ash and derivatives, peroxides and coatis), silica was previously in the Advanced Materials segment. Rubber Chemical Consultants track the Chemicals segment which includes Solvay's precipitated silica operations. Currency values reported in: Millions of EUR

SegmentParameterPeriod20212020YoY, %Notes
ChemicalsSales Revenue2021/4891.0764.016.6
ChemicalsadjEBITDA2021/4286.0209.036.8
Precipitated SilicaSales Revenue2021/4124.0110.012.71


Kraton Corporation: 2021 Q4 Results  Link...

Kraton Performance Polymers Inc manufacture styrenic block copolymers and other engineered polymers. Kraton acquired Arizona Chemical in January 2016. Arizona Chemical manufacture pine and hydrocarbon based resin products. Rubber Chemical Consultants tracks Kraton's reporting segment for Chemicals which covers the Arizona Chemical business activities including specialised resins for tire applications. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/4230.2192.019.9
All SegmentsEBITDA2021/455.125.8113.4
All SegmentsadjEBITDA2021/444.023.984.4
All SegmentsEBIT2021/435.16.9408.9
All SegmentsTire Segment Sales2021/417.413.331.0
All SegmentsSales Vol MT2021/4103300.0117900.0-12.4


Orion Engineered Carbons USD: 2021 Q4 Results  Link...

Orion Engineered Carbons: Weaker Q4 volumes impacted by Ivanhoe startup, other turnarounds and global supply chain issues. Revenue increases driven by FS cost pass-through to customers. Margins impacted by energy and freight costs.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/4392.7315.724.41
Carbon BlackadjEBITDA2021/452.366.0-20.7
Carbon BlackEBITDA2021/442.452.4-19.0
Carbon BlackEBIT2021/412.925.6-49.6
Carbon BlackSales Vol MT2021/4223100.0237800.0-6.2
Rubber BlackSales Revenue2021/4245.1188.330.2
Rubber BlackadjEBITDA2021/422.027.1-18.82
Rubber BlackSales Vol MT2021/4163300.0172400.0-5.3
Rubber BlackSales Revenue2021/4245.1188.330.2
Rubber BlackadjEBITDA2021/422.027.1-18.83
Rubber BlackSales Vol MT2021/4163300.0172400.0-5.3


February (2022)

Orion Engineered Carbons: Increasing Speciality Carbon Black Prices Globally  Link...

Orion Engineered Carbons is increasing the price on all speciality carbon black products - the increase will vary depending on the product, manufacturing process and location. The increased pricing will be effective for all shipments beginning April 1, 2022, or as contracts allow.


Cabot Corporation: Breaks Ground on Speciality Compounds Facility in Indonesia  Link...

Cabot Corporation has broken ground on a new speciality compounds facility in Cilegon, Indonesia. The new facility is co-located with Cabot’s existing carbon black manufacturing site and will add 20,000 metric tons of annual global capacity for specialty compounds, including black masterbatch and conductive compounds. It is expected that the facility will be operational at the end of 2022.

The new capacity provides a reliable, local supply to support the increasing need for specialty compounds in the rapidly growing masterbatch and conductive compounds market in Southeast Asia and globally. This demand is driven by economic growth in the region as well as the evolving mobility landscape, increases in sustainable infrastructure developments and a rise in the production of electrical devices to support global connectivity needs.


Tokai Group: 2021 Q4 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue202199491.070754.040.61
Carbon BlackEBIT20218783.03192.0175.22
Carbon BlackSales Revenue2021/427229.020354.033.8
Carbon BlackEBIT2021/42099.02544.0-17.5


Cabot Corporation: 2022 Q1 Results  Link...

Cabot Corporation: Strong momentum in battery materials with 58% YoY volume growth for Q1 and supporting expansions and acquistions in China. Reinforcement margins expected to benefit from 2022 customer agreements.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20222021YoY, %Notes
Carbon BlackSales Revenue2022/1.0559.0-100.01
Carbon BlackEBIT2022/1.0125.2-100.0
Rubber BlackSales Revenue2022/1541.0375.044.3
Rubber BlackEBITDA2022/1103.0105.0-1.9
Rubber BlackEBIT2022/185.088.0-3.4
Rubber BlackSales Vol YoY %2022/1104.0101.03.02
Specialist BlackSales Revenue2022/1227.0184.023.43
Specialist BlackEBITDA2022/152.649.66.0
Specialist BlackEBIT2022/139.137.25.0
Specialist BlackSales Vol YoY %2022/197.0109.0-11.0


January (2022)

Phillips Carbon Black Ltd: 2021 Q3 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/311561.47694.050.3
All SegmentsEBIT2021/31461.71623.7-10.0
All SegmentsNet Margin2021/31115.21250.3-10.8
Carbon BlackSales Revenue2021/311283.17494.950.5
Carbon BlackEBIT2021/31455.11747.1-16.7


Asahi (Bridgestone): Increasing Prices for Rubber Carbon Black  Link...

Feedstock markets continue to be tight with increasing crude costs. Prices for rubber grade carbon black are increasing 12.8 yen/Kg from February 1st 2022.


December (2021)

BlackCycle: World's first Production of Sustainable Carbon Blacks (sCB)  Link...

The BlackCycle consortium has announced the world’s first production of sustainable carbon blacks (sCB) for tire applications on a conventional carbon black furnace reactor by using oils derived from an end-of-life tire pyrolysis process. This novel production of a sustainable material from end-of-life tyres represents a truly circular process.

The use of pyrolysis oil (supplied by Pyrum Innovations, Germany) as carbon black feedstock was successfully evaluated in the Innovation department of Orion Engineered Carbons. Orion concluded that replacing in a rubber coumpound a fossil fuel-based carbon black with a carbon black made from oil derived from the ELT pyrolysis will not change its properties.


Cabot Corporation: Collaborating with IFF Health and Biosciences to Develop Sustainable Reinforcing Additives  Link...

Cabot Corporation has signed a Memorandum of Understanding (MOU) with IFF Health and Biosciences, a leader in world-class bio-science and engineering, for the development and commercialization of sustainable reinforcing additives for rubber products. Under the terms of the MOU, Cabot and IFF will exclusively work together to accelerate the advancement of innovative solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products.

The two companies have been exploring the development of novel, highly sustainable rubber reinforcing additives based on the use of IFF’s Nuvolve™ engineered polysaccharide. Created by enzymatic polymerization of sustainable European sugar beets, Nuvolve™ engineered polysaccharide will be used as a rubber reinforcing material to be blended with Cabot’s reinforcing carbons. Under the terms of this new MOU, Cabot will lead the development and commercialization of this novel product as a complementary material to Cabot’s reinforcing carbons in rubber applications, leveraging the sustainability benefits of a renewable resourced material without compromising performance and safety.


November (2021)

Phillips Carbon Black Ltd: Signs MoU with Tamil Nadua Govt For Fifth Plant  Link...

Phillips Carbon Black has signed a MoU with the Govt of Tamil Nadu for setting up of a state-of-the-art carbon black plant, with a production capacity of 1,47,000 MTPA and 24 MW green power


Cabot Corporation: Signs Agreement to Divest Purification Solutions Business  Link...

Cabot Corporation has entered into an agreement to sell its Purification Solutions business to One Equity Partners. This move allows Cabot to focus resources on its core business segments and to invest in strong growth and innovation areas such as battery materials.


Cabot Corporation: Acquiring Tokai Carbon (Tianjin) Co., Ltd Carbon Black Plant  Link...

Cabot Corporation has entered a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group for $9 million, subject to customary closing adjustments. The carbon black plant, commissioned in 2006 is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. The acquisition is expected to support the growth of Cabot’s Battery Materials product line, while continuing to serve existing carbon black customers.

The site currently produces up to 50 kMTpa of carbon black, Cabot plans to invest to upgrade the capabilities to produce battery grades as well as other carbon black products.


Birla Carbon: Increasing Speciality Carbon Black Prices Globally  Link...

Birla Caron is increasing global prices for its speciality carbon blacks effective December 1, 2021. The price adjustments are required due to a steady rise in raw materials, freight, logistics and overall operations.


Cabot Corporation: 2021 Q4 Results  Link...

Cabot Corporation: Expecting benefit from higher volumes in Reinforcement segment driven by strong forecasted tire production as well as higher pricing in 2022 calendar customer agreements with customers placing a premium on supply security.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/4694.0481.044.31
Carbon BlackEBIT2021/498.876.329.6
Rubber BlackSales Revenue2021/4493.0325.051.7
Rubber BlackEBIT2021/467.059.013.62
Rubber BlackSales Vol YoY %2021/4106.089.019.13
Specialist BlackSales Revenue2021/4201.0156.028.84
Specialist BlackEBIT2021/431.817.384.65


Orion Engineered Carbons: Converting Carcass Line to Tread Line at Louisiana Plant  Link...

Orion Engineered Carbons is planning to convert a carcass line to a tread line at its Ivanhoe, Lousiana plan in 2022. Orion state the change is due to onshoring of tire production with tightening supply for tread grade carbon black. The switch will convert 30 kMTpa of carcass to tread capacity.


Tokai Group: 2021 Q3 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/325998.017770.046.31
Carbon BlackEBIT2021/32331.0540.0331.72


Longxing Chemical Stock: 2021 Q3 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/3809.1614.231.7
All SegmentsNet Margin2021/319.018.62.5
All SegmentsEBIT2021/318.023.4-22.9


Jinneng Science & Technology: 2021 Q3 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/32707.51678.361.3
All SegmentsEBIT2021/3232.5247.0-5.8
All SegmentsNet Margin2021/3208.1211.8-1.8


Yongdong Chemical Industry: 2021 Q3 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/3942.8600.756.9
All SegmentsEBIT2021/339.145.2-13.4
All SegmentsNet Margin2021/332.837.8-13.2


Orion Engineered Carbons USD: 2021 Q3 Results  Link...

Orion Engineered Carbons: Strong profitability in Speciality Carbon Black segment driven by demand recovery and favourable product mix. Advanced 2022 Rubber contract prices agreed for 2/3rds of Americas and EMEA volumes.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/3393.1282.039.4
Carbon BlackadjEBITDA2021/366.455.020.8
Carbon BlackEBIT2021/340.324.166.9
Carbon BlackSales Vol MT2021/3236900.0237000.0.0
Rubber BlackSales Revenue2021/3242.8178.436.1
Rubber BlackadjEBITDA2021/327.428.5-3.91
Rubber BlackSales Vol MT2021/3173000.0178200.0-2.9
Specialist BlackSales Revenue2021/3150.2103.645.0
Specialist BlackadjEBITDA2021/339.026.547.32
Specialist BlackSales Vol MT2021/363900.058800.08.7


Jiangxi Black Cat Carbon Black: 2021 Q3 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/31855.91386.833.8
All SegmentsEBIT2021/319.677.8-74.9
All SegmentsNet Margin2021/310.078.0-87.2


October (2021)

Cabot Corporation: Launching New Carbon Black with Low PAH Content  Link...

Cabot has announced the launch of VULCAN® 3-LP, a new low PAH product for rubber applications. VULCAN 3-LP is a pelletized reinforcing carbon black engineered for rubber products requiring higher reinforcement, strength, abrasion and tearing resistance versus semi-reinforcing carbon blacks.

This is the fourth product in the Cabot LP carbon black series for the use in applications that require a controlled, very low PAH content, such as consumer rubber goods as well as food and potable water contact applications.


Phillips Carbon Black Ltd: 2021 Q2 Results  Link...

Phillips Carbon Black Ltd: Robust quarterly growth YoY. Highest ever speciality chemical sales volume in reporting quarter. Greenfield project in Tamil Nadu is progressing with major equipment orders placed.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/210451.76441.362.3
Carbon BlackEBIT2021/21678.4833.8101.3
Carbon BlackSales Vol MT2021/2115717.0110397.04.8


Cabot Corporation: Increasing Global Prices for Speciality Carbon Blacks  Link...

Cabot is increasing global pricing for speciality carbon blacks due to the significant rise in prime raw material costs across all regions. The price increases will be effective December 1st 2021 (contracts allowing). A surcharge on all shipments post November 1 2021 (contracts allowing) is also being added for speciality products produced in Europe, this surcharge is required to address the rapid increase in natural gas costs.


Orion Engineered Carbons: Implementing Carbon Dioxide Surcharge for All European Manufactured Carbon Black Products  Link...

Orion Engineered Carbons is implenting a carbon dioxide surcharge on all carbon blacks produced in Europe effective January 1, 2022. This move is due to changes in the EU Emission Trading System.

The official EU Emission Trading System (ETS) aims to support the EU climate neutrality target by 2050 and the intermediate target of at least 55 percent net reduction in greenhouse gas emissions by 2030 compared to 1990. The EU ETS has entered its fourth trading phase (2021-2030) resulting in additional costs based on direct CO2 emissions for the carbon black industry.


September (2021)

Tokai Group: Raising Prices for US Carbon Black Production  Link...

Tokai Carbon CB Ltd are raising prices for all carbon black produced in the U.S. The rise of 44 USD/MT helps to offset costs for implementation of EPA emission reductions which have doubled from the original estimate.


August (2021)

Jiangxi Black Cat Carbon Black: Forming Joint Venture with Anhui Heiyu Pigment New Material Co  Link...

Black Cat is forming a joint venture with Anhui Heiyu Pigment New Material to accelerate development of specialist carbon blacks for the domestic market. On establishment of the JV company Black Cat will purchase Anhui Heiyu assets and move quickly to scale-up speciality carbon black production for the mid-to-high-end speciality carbon black market.


Jiangxi Black Cat Carbon Black: 2021 Q2 Results  Link...

Jiangxi Black Cat Carbon Black: Increasing focus on speciality carbon blacks.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/22100.51106.789.8
All SegmentsEBIT2021/2223.5-69.6421.4
All SegmentsNet Margin2021/2185.0-65.1384.2


Longxing Chemical Stock: 2021 Q2 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/2858.0497.272.6
All SegmentsEBIT2021/253.41.24225.2
All SegmentsNet Margin2021/243.21.43037.4


Yongdong Chemical Industry: 2021 Q2 Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/2952.1571.366.7
All SegmentsEBIT2021/2123.815.6693.2
All SegmentsNet Margin2021/2104.813.2694.7


Orion Engineered Carbons: Building Second Carbon Black Plant in China  Link...

Orion Engineered Carbons has begun construction of its second carbon black plant in China. The new facility is located in Huaibei, Anhui with a capacity of 65 kMTpa and is expected to be operational in 2023. The plant will produce grades for speciality and high-end rubber applications.


Thai Carbon: 2021 Q1 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/12074.2916.0126.4
Carbon BlackDirect Total2021/11559.0722.0115.9
Carbon BlackEBIT2021/1725.570.0936.4


Jinneng Science & Technology: 2021 Q2 Results  Link...

Jinneng Science & Technology: First phase of new carbon black plant started in Qingdao, Shandong.

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20212020YoY, %Notes
All SegmentsSales Revenue2021/22638.01766.149.4
All SegmentsEBIT2021/2530.5220.4140.7
All SegmentsNet Margin2021/2447.4191.4133.8


Orion Engineered Carbons: Increasing Carbon Black Prices in North America  Link...

Orion Engineered Carbons is increasing the price on all North American Produced carbon black from September 15, 2021 (or as contracts permit). Base prices and environmental surcharges are being increased by 8 cents/lb with service charges, payment terms and volume rebates also being adjusted to reflect higher logistics costs, capital commitments and reliability expectations.


China Synthetic Rubber Corporation: 2021 Q2 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/24164.41594.3161.2
Carbon BlackEBIT2021/282.4-439.6118.7


Tokai Group: 2021 Q2 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/224669.011600.0112.71
Carbon BlackEBIT2021/22546.0-1633.0255.9


Cabot Corporation: 2021 Q3 Results  Link...

Cabot Corporation: Strong rubber and speciality volumes expected to continue. Higher feedstock differentials expected in Q4 to be recovered in 2022 Q1.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/3687.0348.097.41
Carbon BlackEBIT2021/3122.19.41197.1
Rubber BlackSales Revenue2021/3479.0197.0143.1
Rubber BlackEBITDA2021/3102.012.0750.0
Rubber BlackEBIT2021/385.0-5.01800.02
Specialist BlackSales Revenue2021/3208.0151.037.73
Specialist BlackEBITDA2021/349.424.7100.0
Specialist BlackEBIT2021/337.114.4157.2


Orion Engineered Carbons USD: 2021 Q2 Results  Link...

Orion Engineered Carbons: Speciality volumes up 37.6% YoY, Rubber volumes up 69.9% YoY. Speciality mix improving. Advancing sustainbility product strategy enabling circular, renewable carbon black.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/2360.1202.677.7
Carbon BlackadjEBITDA2021/270.915.2365.0
Carbon BlackSales Vol MT2021/2254100.0156900.062.0
Rubber BlackSales Revenue2021/2215.9108.399.4
Rubber BlackadjEBITDA2021/231.2-1.22697.6
Rubber BlackSales Vol MT2021/2182700.0107500.070.0
Specialist BlackSales Revenue2021/2144.294.452.7
Specialist BlackadjEBITDA2021/239.716.5140.5
Specialist BlackSales Vol MT2021/271400.049500.044.2


July (2021)

Phillips Carbon Black Ltd: 2021 Q1 Results  Link...

Phillips Carbon Black Ltd: Domestic volumes down due to regional lockdowns, increased volumes for international markets. Robust recovery from tyre manufacturers post easing of regional lockdowns.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/19878.13500.7182.2
Carbon BlackEBIT2021/11800.9358.5402.3
Carbon BlackSales Vol MT2021/1109424.051316.0113.2


Orion Engineered Carbons: Partnering with RISE to Produce Renewable Carbon Black at Commercial Scale  Link...

Orion Engineered Carbons has partnered with RISE (Research Institute of Sweden) in a project looking to replace traditional feedstocks with pyrolysis oil from biomass to develop and produce renewable carbon black.

Orion plans to convert the biomass oil into carbon black using its small-scale furnace reactor in Kalscheuren, Germany and will explore ways to upscale the process to match market demands. Additionally, using a pilot-scale reactor at its site in Piteå, Sweden, RISE will evaluate the use of electrofuels, such as plasma or hydrogen from electrolysis, as sustainable heat sources for the carbon black process.


Orion Engineered Carbons: Increasing EMEA Rubber Carbon Black Prices  Link...

Orion Engineered Carbons is increasing prices on all rubber carbon black products sold in the EMEA region effective August 1, 2021 or as contracts allow. Prices are increasing by an average of 110 Euro/MT to cover rising operating, logistics and environmental costs.


June (2021)

Orion Engineered Carbons: Launching Renewable Carbon Black for the Tire Industry  Link...

Orion Engineered Carbons has launched ECORAX® Nature, a new family of products for rubber applications using industrial grade, plant-based oils as a feedstock. ECORAX® Nature 100 is the first highly reinforcing carbon black grade made from renewable feedstocks which can be used in tire tread construction. The product is currently being tested by customers and will go into high volume manufacturing in the second half of 2022.


Birla Carbon: Price Increases for Americas  Link...

Birla Carbon is increasing prices for all products produced in the Americas by 170 USD/MT effective July 1st 2021.


Cabot Corporation: Raising Rubber Carbon Black Prices in EMEA  Link...

Cabot Corporation is increasing prices for all carbon black products sold by its Reinforcing Materials segment in EMEA effective July 1 or as contracts allow. Prices will increase by 115 Euro/MT in addition to index-related adjustments. Cabot state the price increases are necessary to cover rising manufacturing costs related to quality, regulations, environmental compliance, packaging and logistics.


May (2021)

Birla Carbon: Partnering with Circtec for Sustainability  Link...

Birla Carbon and Circtec have signed a long-term supply agreement for sustainable carbonaceous materials. Birla Carbon will use its position in the global market to commercialise this sustainability solution to its customers worldwide.

Cirtec has developed pyrolysis technology for the production of renewable fuels from end-of-life tires and has moved its proprietary process to commercial scale over the last decade. Cirtec is now setting up a flagship production plant in the Netherlands to support this partnership. The plant is expected to go into production at the end of 2022. Over the next five years the plant will ramp up production capacity to 73 kMTpa of sustainable carbon based products.


Birla Carbon: Introduces CONTINUA™ Sustainable Carbonaceous Solutions  Link...

Birla Carbon introduces CONTINUA™ a first-of-its-kind sustainable carbonaceous material representing a ground-breaking step forward in the availability and know-how of sustainable solutions in the carbon black industry.

Over the next five years, 73k MT of Continua will be available annually for use in a wide range of applications including tires, mechanical rubber goods, plastics and others. A Life Cycle Assessment conducted according to ISO 14040 and ISO 14044, demonstrates that, at full capacity, 228,000 tonnes of direct and indirect CO2 emissions will be eliminated on an annual basis when compared to the conventional carbon black process.


Birla Carbon: EMEA Price Changes  Link...

Birla Carbon is increasing the price for all products produced in the Europe, Middle East and Africa (EMEA) region by Euro 97/MT effective June 1, 2021. All shipments made on or after this date are subject to the price increase.

Reasons for the price increase include additional costs for freight, logistics, operations and increasing CO2 emissions costs.


Cabot Corporation: Increasing Prices for Rubber Carbon Black Products in North America  Link...

Cabot is increasing North American prices of all Reinforcement Material Segment products by $0.06/lb effective July 1, 2021 or as contracts allow. These increases are justified to sustain operational efficiency and meet EPA initiatives which are adding to operational costs.

Cabot is also adjusting its feedstock surcharge for Reinforcement Materials produced in North America from $0.03/lb (effective Oct 2019) to $0.05/lb effective July 1, 2021 (contracts allowing). The increased feedstock surcharge is necessary to address the rising premiums for rubber carbon black feedstock relative to fuel oil indices in North America. These premiums are being driven by changes in the crude oil refining industry, which in turn has been affected by the IMO 2020 regulations, reduced demand for gasoline since the start of the COVID-19 crisis, and several severe weather events.


RCCL Industry Analysis:

Analysis Snippet: USMCA Furnace Carbon Black Market Pricing

Short-term prospects for USMCA furnace carbon black margins and pricing is looking favourable for manufacturers. This is illustrated in the figure below using RCCL's weighted average grade pricing. The model assumes a constant forward trade balance which is reasonable given current political issues and international shipping costs.

With demand recovery and tighter supply, further pricing announcements are expected from other manufacturers leveraging environmental and feedstock issues as justification.



RCCL models and benchmarks reference grades (including the weighted average) for China, Europe and USMCA. Forward pricing estimates are made by adjusting margin based on expected market availability which is derived from domestic supply and demand and trade balance. Pricing forecasts can be done assuming constant variable costs (as per above) or using client feedstock estimates.


Contact Us For Further Information »

Tokai Group: 2021 Q1 Results  Link...

Tokai Group: General recovery in demand in the automotive sector tempered by the cold wave and power outage in southern USA.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/121595.021030.02.71
Carbon BlackEBIT2021/11807.01741.03.8


Orion Engineered Carbons USD: 2021 Q1 Results  Link...

Orion Engineered Carbons: Strong demand recovery in specaiity carbon blacks in EMEA and APAC across all market applications. Rubber volume recovery was more subdued at 3.3% with the main recovery in the APAC region. Rubber margins were impacted by higher SGA costs.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/1360.1336.07.2
Carbon BlackadjEBITDA2021/170.963.811.0
Carbon BlackEBIT2021/142.937.514.3
Carbon BlackSales Vol MT2021/1254100.0235100.08.1
Rubber BlackSales Revenue2021/1215.9216.2-.1
Rubber BlackadjEBITDA2021/131.235.8-12.9
Rubber BlackSales Vol MT2021/1182700.0176800.03.3
Specialist BlackSales Revenue2021/1144.2119.820.3
Specialist BlackadjEBITDA2021/139.728.141.21
Specialist BlackSales Vol MT2021/171400.058300.022.5


China Synthetic Rubber Corporation: 2020 FY and Q4 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue202011024.515773.4-30.1
Carbon BlackEBIT2020-589.7-189.3-211.5
Carbon BlackSales Revenue2020/43456.13253.36.2
Carbon BlackEBIT2020/4226.9-260.8187.0


Jiangxi Black Cat Carbon Black: 2020 Q4 Results  Link...

Jiangxi Black Cat Carbon Black: Global and especially domestic market demand recovered substantially in 2H 2020. Additional environmental controls implemented in the northern region of China have restricted production in this region and driven improved supply demand patterns and profitability.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue20205559.86544.2-15.0
All SegmentsEBIT2020112.8-287.5139.3
All SegmentsNet Margin202097.0-276.4135.1
All SegmentsSales Revenue2020/41968.71705.715.4
All SegmentsEBIT2020/4102.4-163.7162.6
All SegmentsNet Margin2020/488.1-149.7158.8


Longxing Chemical Stock: 2020 FY Results  Link...

Longxing Chemical Stock: Careful management of feedstock supply was implemented in 2H 2020 due to environmental restrictions in Northern China impacting coking and coal tar production. Domestic market conditions improved dramatically in 2H 2020.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue20202295.72805.9-18.2
All SegmentsEBIT2020102.722.7353.3
All SegmentsNet Margin202077.519.2303.0
All SegmentsSales Revenue2020/4713.0662.67.6
All SegmentsEBIT2020/474.3-10.5806.5
All SegmentsNet Margin2020/456.2-4.71288.1


Jinneng Science & Technology: 2020 FY and Q4 Results  Link...

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue20207545.18149.9-7.4
All SegmentsEBIT20201038.2861.420.5
All SegmentsNet Margin2020889.2762.316.6
All SegmentsSales Revenue2020/42153.11942.210.9
All SegmentsEBIT2020/4298.6189.457.7
All SegmentsNet Margin2020/4248.6169.546.6
Carbon BlackSales Revenue20201404.51537.9-8.7
Carbon BlackGross Margin2020254.0231.89.6


Yongdong Chemical Industry: 2020 Full Year Results  Link...

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue20202391.22856.0-16.3
All SegmentsEBIT2020179.493.791.5
All SegmentsNet Margin2020156.591.071.9
All SegmentsSales Revenue2020/4764.7722.95.8
All SegmentsEBIT2020/496.815.4529.4
All SegmentsNet Margin2020/487.823.0282.2
Carbon BlackSales Revenue20201584.11898.3-16.6


Cabot Corporation: 2021 Q2 Results  Link...

Cabot Corporation: Expect volumes to remain strong in 2H 2021 with flow-through of higher FS costs in Asia. Well positioned to capture siginficant growth in lithium ion battery developments.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/2637.0523.021.81
Carbon BlackEBIT2021/2129.082.356.9
Rubber BlackSales Revenue2021/2434.0355.022.3
Rubber BlackEBIT2021/289.061.045.92
Rubber BlackSales Vol YoY %2021/2118.086.037.23
Specialist BlackSales Revenue2021/2203.0168.020.84
Specialist BlackEBIT2021/240.021.388.45
Specialist BlackSales Vol YoY %2021/2110.0106.03.8


April (2021)

Tokai Group: Increasing Carbon Black Prices for Carbon Black Produced in Japan  Link...

Tokai Carbon is increasing the price of carbon black produced in Japan by 26.8 JPY effective May 1, 2021. Tokai state that the price increases are required due to escalating raw material oil prices.


Cabot Corporation: Completes Air Emssion Control Project at Franklin, Louisiana Plant  Link...

Cabot have completed a major air emissions control project at its Franklin, Louisiana carbon black plant. $85 million was invested in emssions control technology which will reduce emissions of NOX and SO2 by over 20 tons per day. The project also includes energy recovery from waste heat enabling the recovery of 50 MW of power without creating any additional emissions.


March (2021)

Birla Carbon: Increasing Speciality Carbon Black Prices Globally  Link...

Birla Carbon is increasing speciality carbon black prices globally by up to 9% effective 19 April 2021.


Cabot Corporation: Expanding Engineered Elastomer Composites Line  Link...

Cabot Corporation has launched its latest Engineered Elastomer Composites E2C™ product: DZ8650 which offers breakthrough improvements in erosion and wet abrasion resistance for rubber components used in mining applications such as slurry pumps, hydrocyclones and rubber pipes.


February (2021)

Thai Carbon: 2020 Q3 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/31317.31639.0-19.6
Carbon BlackEBIT2020/3-41.1221.0-118.6


Orion Engineered Carbons USD: 2020 FY and Q4 Results  Link...

Orion Engineered Carbons: Strong demand recovery in the specialist carbon black segment. Rubber volume recovery is being impacted by the continued global COVID-19 pandemic and its impact on tire customers. Orion is positioning itself to capitalise on recovery in the short-medium term with two strategic investments for capacty expansion: 1) 25 kMT of speciality grade carbon black at its Ravenna, Italy plant due online in 2022, 2) a greenfield 65 kMT speciality and technical rubber goods plant in Huaibei, China due online in 2023/4.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue20201136.41476.4-23.0
Carbon BlackadjEBITDA2020200.0267.3-25.2
Carbon BlackEBITDA2020170.9243.9-29.9
Carbon BlackEBIT202074.4147.2-49.5
Carbon BlackSales Vol MT2020867000.01023200.0-15.3
Rubber BlackSales Revenue2020691.2967.9-28.6
Rubber BlackadjEBITDA202090.1145.2-37.9
Rubber BlackSales Vol MT2020635000.0772100.0-17.81
Specialist BlackSales Revenue2020445.2508.5-12.4
Specialist BlackadjEBITDA2020109.9122.2-10.1
Specialist BlackSales Vol MT2020232000.0251100.0-7.6
Carbon BlackSales Revenue2020/4315.7322.4-2.1
Carbon BlackadjEBITDA2020/466.063.24.4
Carbon BlackEBITDA2020/452.457.8-9.4
Carbon BlackEBIT2020/425.632.6-21.5
Carbon BlackSales Vol MT2020/4237800.0233500.01.8
Rubber BlackSales Revenue2020/4188.3207.7-9.32
Rubber BlackadjEBITDA2020/427.131.4-13.7
Rubber BlackSales Vol MT2020/4172400.0176700.0-2.4
Specialist BlackSales Revenue2020/4127.4114.811.03
Specialist BlackadjEBITDA2020/438.931.822.3
Specialist BlackSales Vol MT2020/465400.056800.015.1


Tokai Group: 2020 Q4 Results  Link...

Tokai Group: Strong recovery from 2020 Q3 onwards. Expecting carbon black to return to a growth trajectory in 2021 with improved operating margins through normalised utilisation rates. Future investments in carbon black business are based on improved yield and productivity through technology transfer between Japan and U.S. Tokai is also focusing on its response to carbon neutrality, with a target of virtually zero greenhouse emissions in 2025. In the case of carbon black they are focusing on raw materials such as natural origin, renewable and recycled, increased energy capture and improved yields in the process combined with carbon recycle by collection CO2. Product R&D is focusing on high durability carbon black and development of recycled carbon.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue202070754.0101751.0-30.51
Carbon BlackEBIT20203192.08512.0-62.5
Carbon BlackSales Revenue2020/420354.021392.0-4.9
Carbon BlackEBIT2020/42544.0543.0368.5


Epsilon Carbon: Commissions Karnataka Carbon Black Plant  Link...

Epsilon has commissioned its Carbon Black Unit in January 2021 with a capacity of 115 kMTpa. The integrated facility produces both Tread and Carcass grades and also operates a 220 kMTpa Coal tar distillation plant in the same integrated carbon complex.

In Phase II it plans to expand its capacity by another 90 kMTpa of Carbon Black and eventually have a capacity of 300 kMTpa of Carbon Black making it India’s largest single location carbon black plant and bring cost efficiencies.

This unit enjoys natural competitive advantage by providing a complete backward integration support for Raw material sourcing. The Anthracene oil generated in the coal tar distillation process will be used as a clean feedstock in the carbon black unit. The security of raw materials & consistency in feedstock quality helps ECPL to produce consistent quality carbon black which is designed for Tyre & Mechanical Rubber Goods applications. The carbon black unit will provide gas and steam to the coal tar distillation unit. The integrated carbon complex is the first of its kind manufacturing facility in India to use waste coke oven gas from the steel plant as a fuel, the tail-gas from the Carbon black unit is fed back to the steel complex for pre-heating operations.


Cabot Corporation: 2021 Q1 Results  Link...

Cabot Corporation: Q1 2021 reinforcement volumes up 1% YoY with volume increases in EMEA and Americas. Forward margins are expected to decrease due to increasing feedstock and fixed costs. Volumes up 9% in performance additives driven by higher automotive demand for speciality carbons and compounds.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20212020YoY, %Notes
Carbon BlackSales Revenue2021/1559.0549.01.81
Carbon BlackEBIT2021/1125.275.865.2
Rubber BlackSales Revenue2021/1375.0379.0-1.1
Rubber BlackEBIT2021/188.047.087.2
Rubber BlackSales Vol YoY %2021/1101.097.04.12
Specialist BlackSales Revenue2021/1184.0170.08.23
Specialist BlackEBIT2021/137.228.829.2
Specialist BlackSales Vol YoY %2021/1109.0113.0-3.5


January (2021)

Phillips Carbon Black Ltd: 2020 Q3 Results  Link...

Phillips Carbon Black Ltd: Encouraging demand pick up for Q3FY21. Speciality black volumes up due to demand in plastics packaging and engineered goods.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/37494.97489.1.1
Carbon BlackEBIT2020/31747.11171.049.2
Carbon BlackSales Vol MT2020/3114525.098593.016.2


Phillips Carbon Black Ltd: Implementing Greenfield Project in Tamil Nadu, India  Link...

Phillips Carbon Black are implementing a 150 kMTpa greenfield carbon black plant in Tamil Nadu, India. The plant is due to be commissioned by end Q1 2023 and will also have 25 MW of CPP.


December (2020)

Orion Engineered Carbons: Completes Cogeneration Unit at Qingdao, China Plant  Link...

Orion Engineered Carbons has completed a multi-year upgrade to its Qingdao, China facility. A new, state-of-the-art, cogeneration unit was installed, which boosts the site’s sustainability by recovering more energy from the facility.


Huntsman: Acquiring Gabriel Performance Products  Link...

Huntsman has agreed to acquire Gabriel Performance Products (GPP), a manufacturer of speciality additives and epoxy curing agents for the coatings, adhesives, sealants and composite markets. GPP has three production facilities in Ohio, Pennysylavania and South Carolina USA.


November (2020)

Cabot Corporation: 2020 Q4 Results  Link...

Cabot Corporation: Q4 reinforcement volumes up strongly from Q3, increasing by 56%. EBIT impact from lower volumes was partially offset by improved pricing from calendar 2020 customer agreements and improved pricing in Asia.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue20201901.02509.0-24.21
Carbon BlackEBIT2020243.6372.0-34.5
Rubber BlackSales Revenue20201256.01815.0-30.8
Rubber BlackEBIT2020162.0266.0-39.1
Specialist BlackSales Revenue2020645.0694.0-7.12
Specialist BlackEBIT202081.6106.0-23.1
Carbon BlackSales Revenue2020/4481.0628.0-23.43
Carbon BlackEBIT2020/476.398.9-22.9
Rubber BlackSales Revenue2020/4325.0452.0-28.1
Rubber BlackEBIT2020/459.071.0-16.9
Specialist BlackSales Revenue2020/4156.0176.0-11.44
Specialist BlackEBIT2020/417.327.9-38.1


China Synthetic Rubber Corporation: 2020 Q3 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/32846.34038.9-29.5
Carbon BlackEBIT2020/3-148.3-40.7-263.9


Thai Carbon: 2020 Q2 Results  Link...

Thai Carbon: Business rebounded after suppressed previous quarter. EBIT was lower due to reduced margins.

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/21197.01957.0-38.8
Carbon BlackEBIT2020/2227.0498.0-54.4


Cabot Corporation: Expands Engineered Elastomer Composites (E2C™) Product Line  Link...

Cabot has expanded its engineered elastomer composites product line with the launch of FX9390 which is part of the new E2C foundation series of product solutions for a variety of tire types. FX9390 is formulated to deliver significant performance improvement balanced across cut/chip/chunk resistance, heat buildup and abrasion resistance in off-the-road mining tires.

FX9390 is a pre-mixed material delivered in highly friable bales, which simplifies material handling and supports production flexibility. FX9390 can be integrated into a tire-maker’s current production line without additional capital investment, enabling manufacturers to evolve their business models by expanding the performance triangle, shortening development cycles, and reducing operational barriers to new product commercialization.

The product can be combined with E2C Durability series products which allows customers to expand the performance envelope and offers considerable design freedom.


Tokai Group: 2020 Q3 Results  Link...

Tokai Group: Current demand and shipments have come back to the same level as previous year in USMCA and Thai markets.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/317770.025764.0-31.01
Carbon BlackEBIT2020/3540.02283.0-76.3


Orion Engineered Carbons USD: 2020 Q3 Results  Link...

Orion Engineered Carbons USD: Broad-based recovery in both segments in 2020 Q3. Significantly higher QoQ rubber and speciality volumes from historic 2Q lows.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/3282.0370.2-23.8
Carbon BlackadjEBITDA2020/355.068.1-19.2
Carbon BlackEBITDA2020/348.160.4-20.3
Carbon BlackEBIT2020/324.138.4-37.1
Carbon BlackSales Vol MT2020/3237000.0256400.0-7.6
Rubber BlackSales Revenue2020/3178.4247.4-27.9
Rubber BlackadjEBITDA2020/328.538.1-25.2
Rubber BlackSales Vol MT2020/3178200.0196000.0-9.1
Specialist BlackSales Revenue2020/3103.6122.8-15.6
Specialist BlackadjEBITDA2020/326.530.0-11.7
Specialist BlackSales Vol MT2020/358800.060400.0-2.6


October (2020)

Tokai Group: Increasing Carbon Black Prices in Japan  Link...

Tokai Carbon is increasing the price of all carbon black grades manufactured in Japan by 11 Yen/Kg effective 1st November 2020. The price increase is due to escalating raw material costs.


Phillips Carbon Black Ltd: 2020 Q2 Results  Link...

Phillips Carbon Black Ltd: PCBL (TN) Ltd has been incorporated in order to implement the 150 kMT, 25 MW greenfield carbon black plant in Tamil Nadu.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/26638.68629.9-23.1
All SegmentsEBIT2020/2794.81118.0-28.9
All SegmentsNet Margin2020/2580.9770.5-24.6
Carbon BlackSales Revenue2020/26441.38395.0-23.3
Carbon BlackEBIT2020/2833.81250.0-33.3


Orion Engineered Carbons: Completes Upgrade to Borger, TX Plant for Energy Self-Sufficiency  Link...

Orion Engineered Carbons has completed a cogeneration upgrade at its Borger, TX plant allowing the plant to be energy self-sufficient also providing surplus energy to the local grid.


Mitsubishi Chemical: Completes Acquistion of Gelest  Link...

Mitsubishi Chemical Corporation has completed the acquisition of Gelest, Inc. from New Mountain Capital, LLC. Gelest, Inc is located in Morrisville, Pennsylania and specialises in the development, manufacturing, and selling of silicon chemicals, methacrylates, and metal-organic compounds.


September (2020)

Birla Carbon: Signs Strategic Partnership with CHASM Advanced Materials  Link...

The joing development agreement signed in Novemer 2019 has progressed to a strategic partnership to commercialise novel nanomaterials to benefi various market segments including HP tires, conductive plastics, novel coatings and next generation batteries.

Since formalizing the agreement both companies have jointly overcome technical hurdles to advance NTeC technology from lab-scale feasibility to a repeatable and scalable pilot-scale process capable of producing kilogram-scale quantities of a variety of NTeC compositions.


Phillips Carbon Black Ltd: Palej Capacity and Domestic Plant Power Generation Expansions  Link...

Phillips Carbon Black stated in its 2020 Q1 investor update that its brownfield expansion at Palej is due to be commissioned by end of its FY21. In addition, enhanced power generation is being implemented across its Palej, Mundra and Cochin plants providing an addition 22MW of capacity.


Tokai Group: Raising Carbon Black Prices for US Production  Link...

Tokai Carbon Co is increasing prices of US produced carbon black starting 1st October 2020 or as contracts allow. Prices are increasing by 40 to 50 USD/MT with the 88 USD/MT EPA surcharge remaining in place. The price increases have been implemented to enable Tokai Carbon to keep pace with increased operational costs within the carbon black industry.


Jinneng Science & Technology: 2020 Q2 Results  Link...

Jinneng Science & Technology: Construction of carbon black plant (480 kMTpa) in Qingdao (as part of a larger integrated chemical project) continues to make substantial progress.

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Carbon black and silica operations accounted for 18.7 and 2.0 percent of total operating revenue (Q2 2020). Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/21766.12178.7-18.9
All SegmentsEBIT2020/2220.4287.1-23.2
All SegmentsNet Margin2020/2191.4246.8-22.5


Yongdong Chemical Industry: 2020 Q2 Results  Link...

Yongdong Chemical Industry: The company maintained a high operating rate, however, the profitability was low due to price declines.

Yongdong Chemical Industry is active in coal tar processing and carbon black production. Carbon black production includes reinforcing, conductive and pigment grades of carbon black. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/2571.3791.3-27.8
All SegmentsEBIT2020/215.635.9-56.5
All SegmentsGross Margin2020/210.6115.1-90.8


August (2020)

China Synthetic Rubber Corporation: 2020 Q2 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/21594.34219.0-62.2
Carbon BlackEBIT2020/2-439.6-37.3-1077.9


Jiangxi Black Cat Carbon Black: 2020 Q2 Results  Link...

Jiangxi Black Cat Carbon Black: Results impacted by COVID-19, 2020 H1 carbon black sales volumes down 14.5% YoY.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/21106.71611.5-31.3
All SegmentsEBIT2020/2-69.6-38.0-82.9


Phillips Carbon Black Ltd: 2020 Q1 Results  Link...

Phillips Carbon Black Ltd: Operations were temporarily suspended for COVID-19 in compliance with directives from relevant authorities. During the quarter manufacturing operations were resumed and are are currently being ramped up.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/13595.39115.2-60.6
All SegmentsEBIT2020/1142.81524.3-90.6
All SegmentsNet Margin2020/125.4634.2-96.0
Carbon BlackSales Revenue2020/13500.78885.5-60.6
Carbon BlackEBIT2020/1358.51252.1-71.4


Petronas: Building Nitrile Butadien Latex Plant with LG Chem  Link...

Petronas Chemicals Group Bhd (PCG) and LG Chem Ltd have agreed to build a nitrile butadiene latex manufacturing plant at Pengerang Integrated Complex (PIC) in Johor. PCG said the manufacturing plant would be targeting the growing nitrile glove market and further strengthen Malaysia’s position as the largest exporter of gloves globally. Construction of the plant will begin in 2021 while production is scheduled to start in 2023. It will have an annual NBL production capacity of 200kMTpa.


Longxing Chemical Stock: 2020 Q2 Results  Link...

Longxing Chemical Stock: Demand and selling price impacted due to COVID-19. First half carbon black sales volume down 14.5% YoY. The company is focusing on R&D investment for new products and process efficiency.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/2497.2720.1-30.9
All SegmentsGross Margin2020/266.589.1-25.4
All SegmentsEBIT2020/21.29.6-87.2


Thai Carbon: 2020 Q1 Results  Link...

Thai Carbon: Business was under tremendous pressure on multiple fronts during the quarter. Thai automotive plants undertook prolonged shutdowns during the quarter.

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/1916.02151.0-57.4
Carbon BlackEBIT2020/170.0479.0-85.4


Cabot Corporation: Increasing Prices for Rubber Carbon Black Products in North America  Link...

Cabot Corporation is increasing prices by $0.03/lb on all carbon black products sold by its Reinforcing Materials segment in North America. Increases will be effective from 1st October 2020, or as contracts allow. Cabot states that the increases are necessary to address the increasing costs to provide reliability and supply assurance. Increasing costs come from investments in the range of $200MM to meet US EPA emissions requirements.


Tokai Group: 2020 Q2 Results  Link...

Tokai Group: Demand for carbon black from April to June 2020 period was severely depressed recording a 30% YoY drop in volume. Forecast 2020 SR drop of 34%.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/211600.027287.0-57.51
Carbon BlackEBIT2020/2-1633.02262.0-172.2


Orion Engineered Carbons USD: 2020 Q2 Results  Link...

Orion Engineered Carbons USD: Results reflect a 42 percent reduction in volume due to the abrupt reduction in global mobility due to COVID-19. Focus continues on business agility. The long-range outlook for carbon black demand is believed to remain strong, there may be some short term upside if driving grows as the preferred mode of transport due to social distancing - assessment of miles driven indicates some recovery in recent months.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/2202.6399.0-49.21
Carbon BlackadjEBITDA2020/215.271.5-78.7
Carbon BlackEBITDA2020/29.066.9-86.5
Carbon BlackSales Vol MT2020/2156900.0270500.0-42.02
Carbon BlackEBIT2020/2-12.941.5-131.1
Rubber BlackSales Revenue2020/2108.3259.7-58.33
Rubber BlackSales Vol MT2020/2107500.0200600.0-46.44
Rubber BlackadjEBITDA2020/2-1.240.5-103.0
Specialist BlackSales Revenue2020/294.4139.3-32.2
Specialist BlackadjEBITDA2020/216.531.0-46.8
Specialist BlackSales Vol MT2020/249500.069900.0-29.25


Cabot Corporation: 2020 Q3 Results  Link...

Cabot Corporation: Quarterly reinforcing volumes declined 42% YoY. Volumes increased 45% sequentially from May to June 2020. Cabot's cost reduction efforts are on track to deliver $60 MM in cost savings for the fiscal year.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/3348.0633.0-45.01
Carbon BlackEBIT2020/39.497.4-90.3
Rubber BlackSales Revenue2020/3197.0461.0-57.3
Rubber BlackEBITDA2020/312.090.0-86.7
Rubber BlackSales Vol YoY %2020/358.098.0-40.82
Rubber BlackEBIT2020/3-5.072.0-106.9
Specialist BlackSales Revenue2020/3151.0172.0-12.23
Specialist BlackEBITDA2020/324.733.6-26.4
Specialist BlackEBIT2020/314.425.4-43.2
Specialist BlackSales Vol YoY %2020/395.0100.0-5.0


July (2020)

Jiangxi Black Cat Carbon Black: 2020 1H Performance Forecast  Link...

Net profit for 1H 2020 is forecast to be around -70MM CNY. COVID-19 has had a significant impact. Carbon black prices fell by about 700 CNY/MT in April relative to feedstock drops of around 200 CNY/MT this had a serious impact on profitability. During this period utiisation rates dropped below 60%.

Domestic demand picked up from mid-May with domestic pricing rebounding from June with a sharp increase in July.


Orion Engineered Carbons: Commissions New Air Emissions Controls at Orange, Texas Production Plant  Link...

Orion Engineered Carbons has completed the upgrade of emissions controls at its plant in Orange, Texas. The site now complies with increased environmental standards, reducing the site's emission permits for NOX and SO2 by 2.3 kMT pa.

Technology installed at the facility includes a thermal oxidizer that is more effective than the incinerator which was previously used to reduce the pollutants. In addition, the company installed a Selective Catalytic Reduction reactor to reduce the emission of NOx. The project spanned from the middle of 2019 and is now fully operational.


Birla Carbon: Restructuring to Global Functional Organisation  Link...

Birla Carbon is transitioning to a global functional organization from one which previously operated in five global geographic regions having responsibility for all business operations.

The changes are intended to bring additional customer focus leading to greater innovation and partnerships.


June (2020)

Cabot Corporation: Completes Placement of Major Air Emission Control Equipment at Franklin, Louisiana Plant  Link...

Cabot Corporation has now received and sited all major emission control equipment covering the EPA national enforcement inititative at its Franklin plant. The project is on track to meet the EPA April 2021 deadline.

The project at the Franklin site will reduce NOx emissions by 90% via the use of selective catalytic control and SO2 emissions by 95% using wet gas scrubbing. These technologies are in use a several of Cabot's sites across the globe. Annual emissions of NOx and SO2 will be reduced about 900 and 6500 tons per year at the Franklin site.

The project at Franklin builds on Cabot's earlier emissions control project at its plant in Pampa, Texas. Work at this plant was completed in 2017, reducing NOx emissions by 67% which adds up to nearly 1500 tons of saved emissions over the last three years.


Phillips Carbon Black Ltd: 2019 FY and Q4 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue201931570.634311.1-8.0
Carbon BlackEBIT20194678.26190.3-24.4
PowerSales Revenue20191517.81629.9-6.9
PowerEBIT2019990.51089.1-9.1
Carbon BlackSales Revenue2019/46801.09005.7-24.5
Carbon BlackEBIT2019/41030.61511.4-31.8
PowerSales Revenue2019/4364.3392.1-7.1
PowerEBIT2019/4233.3256.0-8.9


EHS: European Chemicals Agency - Resorcinol Finding  Link...

The European Chemicals Agency Member State Committee (MSC) did not agree to identify resorcinol as a substance of very high concern (SVHC) due to its endocrine-disrupting properties. The Commissions's REACH committtee will now make the final decision.

The MSC did not unanimously support France’s proposal to identify resorcinol (EC 203-585-2; CAS 108-46-3) as an SVHC. However, the committee acknowledged that there is scientific evidence that resorcinol is an endocrine disruptor as defined by the World Health Organization (WHO)


May (2020)

Thai Carbon: 2019 Full Year and Q4 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue20197494.08550.2-12.4
Carbon BlackEBIT20191464.01689.7-13.4
Carbon BlackSales Revenue2019/41747.02194.7-20.4
Carbon BlackEBIT2019/4266.0470.7-43.5


Orion Engineered Carbons: Breaks Ground on New Logistics Center in Cologne, Germany  Link...

Orion Engineered Carbons is building a new logistics center at its largest manufacturing plant in Cologne, Germany. When complete the warehouse will have a capacity of about 12400 pallets. The Cologne production facility produces 160 kMTpa of more than 100 differentiated products requiring dedicated handling and logistics. The facility is due to be commissioned in December of this year.


TRADE: Indian Government Reviewing Chinese and Russian Carbon Black Imports  Link...

The Indian government is reviewing anti-dumping measures for Chinese and Russian carbon black imports for use in rubber applications. The period for investigation is April 2019 to Dec 2019 with the injury period being FY 2016/17/18/19.


Tokai Group: 2020 Q1 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/121030.027308.0-23.01
Carbon BlackEBIT2020/11741.03424.0-49.22


Cabot Corporation: 2020 Q2 Results  Link...

Cabot Corporation: Reinforcing volumes for Q2 (ending March 2020): Asia -20%; EMEA -13%, Americas -8%. Cabot focusing on working capital efficiency and cost reduction measures, while reducing capital spending to $200 million for the year. A pronounced COVID-19 effect is expected on fiscal third quarter results.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/2523.0624.0-16.21
Carbon BlackEBIT2020/282.387.8-6.3
Rubber BlackSales Revenue2020/2355.0445.0-20.2
Rubber BlackEBITDA2020/278.078.0.0
Rubber BlackEBIT2020/261.061.0.02
Rubber BlackSales Vol YoY %2020/286.099.0-13.13
Specialist BlackSales Revenue2020/2168.0179.0-6.14
Specialist BlackEBIT2020/221.326.8-20.65
Specialist BlackSales Vol YoY %2020/2106.099.07.1


Orion Engineered Carbons USD: 2020 Q1 Results  Link...

Orion Engineered Carbons: During the quarter all plants including China, Korea and Italy were operational. Significant employee flexibility allowed operational and safety improvements in the face of changing demand. Orion are currently operating numerous reactors in ‘agile campaign mode’ running for several weeks to restock inventories, and then shutting down the reactors while continuing to ship. This mode minimizes costs while supporting customers as they gradually increase their production.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/1336.0384.7-12.7
Carbon BlackGross Margin2020/190.297.7-7.7
Carbon BlackadjEBITDA2020/163.864.6-1.2
Carbon BlackEBITDA2020/161.458.84.4
Carbon BlackEBIT2020/137.534.58.7
Carbon BlackSales Vol MT2020/1235100.0262800.0-10.5
Rubber BlackSales Revenue2020/1216.2253.1-14.61
Rubber BlackGross Margin2020/150.556.6-10.8
Rubber BlackadjEBITDA2020/135.835.21.72
Rubber BlackSales Vol MT2020/1176800.0198800.0-11.13
Specialist BlackSales Revenue2020/1119.8131.6-9.04
Specialist BlackGross Margin2020/139.741.4-4.1
Specialist BlackadjEBITDA2020/128.129.4-4.4


April (2020)

Jiangxi Black Cat Carbon Black: 2019 Full Year Results  Link...

Jiangxi Black Cat Carbon Black: Carbon black market pricing reduced significantly due to market factors. These factors included weak global demand due to trade friction, a downturn in the domestic automotive industry, lower crude oil pricing and new carbon black capacity.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue20195579.16767.2-17.6
Carbon BlackGross Margin2019358.91118.0-67.9
Carbon BlackSales Vol MT2019963200.0992300.0-2.9


China Synthetic Rubber Corporation: 2019 Q4 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/43253.34268.0-23.8
Carbon BlackEBIT2019/4-260.8-52.8-393.5


RCCL Industry Analysis:

Analysis Snippet: China Synthetic Rubber Carbon Black Sales Revenue vs Weighted Average Feedstock Pricing

The figure below shows the relative change in carbon black sales revenue and weighted average feedstock pricing using Q1 2011 as the baseline. 2020 Q1 carbon black sales revenue has been estimated from total sales revenue using the previous quarter's split. The weighted average feedstock pricing was determined using NAFTA and China feedstock types (most relevant to CSR's operations).

The chart shows significant softening in the market from Q3 2019 inferring substantial volume reductions, this is expected to increase for Q2 2020.


img1

Longxing Chemical Stock: 2019 Full Year Results  Link...

Longxing Chemical Stock: Carbon black demand reduced suppressing prices. Domestic tire production started to decline from March 2019. Increased domestic capacity for carbon black has led to oversupply causing further downward pricing pressure.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue20192589.22872.1-9.8
Carbon BlackGross Margin2019256.1436.6-41.3
Carbon BlackSales Vol MT2019456561.0440237.53.7


Jiangxi Black Cat Carbon Black: 2020 Q1 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/11097.61559.8-29.6
All SegmentsGross Margin2020/1121.683.944.9
All SegmentsNet Margin2020/1-4.0-74.294.7


Longxing Chemical Stock: 2020 Q1 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20202019YoY, %Notes
All SegmentsSales Revenue2020/1471.4690.6-31.7
All SegmentsGross Margin2020/169.472.8-4.6
All SegmentsNet Margin2020/11.31.6-21.0


Tokai Group: Carbon Black Price Increase in Japan  Link...

Tokai Carbon have increased the price of all grades of carbon black by 6.0 JPYen/Kg effective May 1st 2020. The increase is due to the impact of the IMO sulphur regulations which have necessitated a move away from traditional indices to pricing revisions based on a crude oil index.


March (2020)

Orion Engineered Carbons: FY 2020 Guidance Update  Link...

Due to the ongoing uncertainty relating to the full extent of the COVID-19 situation, Orion Engineered Carbons has announced it is withdrawing its full-year 2020 guidance issued in February. The company has also announced a number of actions to maintain and strengthen its financial flexiblity including increasing its cash position and suspending its dividend.


February (2020)

Longxing Chemical Stock: 2019 Results Preliminary Update  Link...

Reporting period was adversely affected by the US-China trade dispute and close to double digit negative growth in domestic automobile production and sales. This was further compounded by additional furnace carbon black capacity growth leading to over supply as well as weakened market demand. Operating income has dropped by 9.1% YoY with an 86.4% drop in operating profit.


Cabot Corporation: Introduces Engineered Elastomer Composites (E²C™)  Link...

Cabot Corporation announced the launch of its Engineered Elastomer Composites (E²C™) solutions.

Enabled by proprietary technology for mixing reinforcing agents into elastomers, E²C solutions are pre-mixed composite solutions designed to help tire manufacturers unlock superior performance sustainably and economically.

E²C solutions have been shown to break critical trade-offs in off-the-road (OTR)/earthmover tire design by both lowering operating temperatures and extending tire life significantly. This can enable an average mine to increase haulage capacity, boost output, and reduce annual downtime for tire changes leading to a potential benefit up to $150M per year. The E2C series of solutions offers balanced performance, increased durability and improved energy efficiency, and can be formulated for specific OTR/earthmover applications to deliver maximum performance benefit.

The first E2C solution, DX9730, is part of a new Durability series of products designed to reduce in-field failures and maximize operational uptime. DX9730 offers breakthrough improvements in cut, chip, and chunk resistance, reduces the risk of catastrophic tire failures and unplanned vehicle service and increases fleet utilization.


Orion Engineered Carbons 2019 FY and Q4 Results  Link...

Orion Engineered Carbons: Challenging environment continued in 2019 Q4 with weak OEM dynamics and tire customers reducing volumes towards year-end. There were some benefits from price and product mix. Orion's strategic initiatives during 2019 included cost reduction and price increase implementations. Additional surcharge mechanisms have been put in place for most 2020 rubber contracts to recover feedstock pricing differentials.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue20191476.41578.2-6.5
Carbon BlackadjEBITDA2019267.3294.1-9.1
Carbon BlackEBITDA2019243.9294.5-17.2
Carbon BlackEBIT2019147.2196.3-25.0
Carbon BlackSales Vol MT20191023200.01084600.0-5.7
Rubber BlackSales Revenue2019967.91032.8-6.3
Rubber BlackadjEBITDA2019145.2144.9.2
Rubber BlackSales Vol MT2019772100.0822200.0-6.1
Specialist BlackSales Revenue2019508.5545.5-6.8
Specialist BlackadjEBITDA2019122.2149.2-18.1
Specialist BlackSales Vol MT2019251100.0262400.0-4.3
Carbon BlackSales Revenue2019/4322.4385.9-16.4
Carbon BlackadjEBITDA2019/463.264.4-1.9
Carbon BlackEBITDA2019/457.853.09.1
Carbon BlackEBIT2019/432.626.722.1
Carbon BlackSales Vol MT2019/4233500.0256200.0-8.9
Rubber BlackSales Revenue2019/4207.7259.1-19.81
Rubber BlackadjEBITDA2019/431.435.4-11.32
Rubber BlackSales Vol MT2019/4176700.0195400.0-9.63
Specialist BlackSales Revenue2019/4114.8126.9-9.54
Specialist BlackadjEBITDA2019/431.829.09.7
Specialist BlackSales Vol MT2019/456800.060800.0-6.65


Birla Carbon: and GranBio Introduce Nanocellulose Dispersion Composite (NDC™) Masterbatch   Link...

Birla Carbon and GranBio Technologies have announced the introduction of their patent-pending NDC™ rubber masterbatch for qualification by tire and rubber companies. The NDC™ masterbatch is the result of a three-year Joint Development Program between the two companies designed to address growing sustainability demands from the tire industry both in terms of improving tire rolling resistance and vehicle fuel economy through enabling the incorporation of sustainable, bio-derived nanocellulose into commercial rubber compounds.

The NDC™ masterbatch overcomes traditional dispersion challenges by combining several synergistic innovations including GranBio’s patented hydrophobic form of nanocellulose. The breakthrough in nanocellulose technology for rubber compounds provides many advantages and benefits for the rubber compounder including easy dispersing, convenient, dust-free handling and integration into formulations along with increased use of renewable raw materials and improvements in fuel economy.


Tokai Group: 2019 FY and Q4 Results  Link...

Tokai Group: 2020 forecast is for further margin reduction (-8.3%).

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019101751.076926.032.31
Carbon BlackEBIT20198512.010629.0-19.92
Carbon BlackSales Revenue2019/421392.027939.0-23.4
Carbon BlackEBIT2019/4543.02834.0-80.8


Phillips Carbon Black Ltd: 2019 Q3 Results  Link...

Phillips Carbon Black Ltd: Fall in domestic demand is expected to be short lived. Increased focus on international sales to increase volumes moving forwards.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/37686.59458.9-18.7
All SegmentsEBIT2019/31031.21672.1-38.3
All SegmentsNet Margin2019/3696.21085.8-35.9
Carbon BlackSales Revenue2019/37489.19197.1-18.61
Carbon BlackEBIT2019/31171.01674.3-30.1
Carbon BlackSales Vol MT2019/398593.0101917.0-3.3


Thai Carbon: 2019 Q3 Results  Link...

Thai Carbon: Tremendous business pressure due to lower demand and economic slowdown.

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/31639.02243.8-27.0
Carbon BlackEBIT2019/3221.0426.4-48.2


Cabot Corporation: 2020 Q1 Results  Link...

Cabot Corporation: 2020 tire customer agreements include successful implementation of pricing formula adjustments for MARPOL related feedstock differentials. Acquiring Shenzhen Sanshun Nano, a producer of carbon nanotubes (CNT) for lithium-ion batteries.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20202019YoY, %Notes
Carbon BlackSales Revenue2020/1549.0624.0-12.01
Carbon BlackEBIT2020/175.888.0-13.9
Rubber BlackSales Revenue2020/1379.0457.0-17.1
Rubber BlackEBITDA2020/164.078.0-17.9
Rubber BlackEBIT2020/147.062.0-24.22
Rubber BlackSales Vol YoY %2020/197.0101.0-4.0
Specialist BlackSales Revenue2020/1170.0167.01.83
Specialist BlackEBITDA2020/139.334.713.4
Specialist BlackEBIT2020/128.826.010.74
Specialist BlackSales Vol YoY %2020/1113.097.016.5


January (2020)

Longxing Chemical Stock: Sharp Decline in Performance in 2019  Link...

A combination of weakened market demand and intensified industry competition led to a sharp decline in financial performance for 2019. Pricing levels reduced faster than feedstock pricing impacting gross margin.Market volumes reduced due to the trade war and poor domestic automotive market performance. Competition in the market has intensified with approximately one million tons of additional capacity added in the past two years - overcapaity therefore becomes an issue.


Jiangxi Black Cat Carbon Black: 2019 Preliminary Results  Link...

Preliminary results show negative net margin. The drop in performance is due to the decline in production and sales in the domestic automotive industry, combined with trade friction. Reduction in demand coupled with increased industry production volume has increased competition.


China Synthetic Rubber Corporation: Establishing Joint Venture Carbon Black Plant in Turkey  Link...

OYAK, Turkey’s largest occupational pension fund, has started building a carbon black production facility in cooperation with the Taiwanese International CSRC Investment Holdings Co. Ltd., the parent company of the world’s sixth-largest carbon black producer Continental Carbon. The project is to be launched in Iskenderun and will be capable of meeting the annual domestic demand of 220 thousand tons for carbon black, which has a domestic market volume of USD 260 million and is used primarily by the tire industry as well as by numerous other fields.

OYAK's intention is to integrate the facility with operations in the iron and steel sectors, thus capitilising on back stream integration. The facility will have advanced environmental protection systems for both energy recovery and emissions.


RCCL Industry Analysis:

Analysis Snippet: OYAK and China Synthetic Rubber Corporation JV Furnace Carbon Black Plant in Turkey

The proposed new furnace carbon black plant in Turkey has the potential to disrupt carbon black trade balances in Europe, CIS and Africa.

Figure 1 presents the total (Global) import volume in thousands of metric tonnes (kMT) of HS2803 into Turkey as well as the main importing regions/countries: Europe (28), Russia and Egypt. It can be seen that in recent years the volumes have been split fairly evenly between the three main importing regions/countries.

The import volume from Egypt (Birla Carbon’s Alexandria plant) was 65 kMT in 2018. This volume accounts for about one full production line at this plant. Likely scenarios are reassignment of volumes to Europe, adding further pressure to European producers, or reduction in production capacity at this plant (most probable).

The import volume from Russia was 62 kMT in 2018. This accounts for roughly 1.75 production lines in this region. Likely scenarios are reassignment of volumes to other regions and/or capacity rationalisation in CIS.

The import volume from Europe was 52 kMT in 2018. This accounts for roughly 2 production lines based on product mix. Scenarios for this volume are more complex due to the product mix which has a higher value content.

Figure 2 presents the average yearly import value in USD/MT. It is clear that the EU material has significantly higher value, the magnitude indicating a higher technology grade mix. Values for Russian and Egyptian materials indicate standard rubber grades.

Significantly more detailed analysis covering the wider implications of this new plant will be available in RCCL’s 10th Edition Furnace Carbon Black Industry & Markets 2020 Report. The related report, Furnace Carbon Black Market Pricing February 2020, will also explore future implications. These reports provide detailed supply, demand, trade and manufacturing considerations – please contact us us for more details.


Figure 1 - HS2803 Import Volumes to Turkey

turkey cb import volumes

Figure 2 - HS2803 Turkey Average Import Values

turkey cb import values

December (2019)

Cabot Corporation: Price Increase for Speciality Carbon Black Products Manufactured in Euroope  Link...

Cabot Corporation is implementing price increases for speciality carbon black products manufactured in Europe, effective January 1, 2020 or as contracts allow. The increase relates to the new IMO sulphur fuel level regulations being implemented January 2020. Price increases will vary depending on product and manufacturing plant.


November (2019)

Cabot Corporation: Breaks Ground on Indonesian Carbon Black Expansion  Link...

Cabot has broken ground on its carbon black capacity expansion project in Cilegon, Indonesia. This phase of the project will add approximately 80 kMT of production capacity to be completed in 2021.


Thai Carbon: 2019 Q2 Results  Link...

Thai Carbon: Market demand was down, however profitability improved due to operating and cost efficiencies.

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/21957.02096.4-6.7
Carbon BlackEBIT2019/2498.0376.832.2


Tokai Group: 2019 Q3 Results  Link...

Tokai Group: Strong headwinds continue in Asia.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/325764.019794.030.21
Carbon BlackEBIT2019/32283.02596.0-12.1

2019/3 Consolidation of Tokai CB Ltd from September 2018 contributed to growth in net sales and operating income.


Cabot Corporation: 2019 FY and Q4 Results  Link...

Cabot Corporation: Challenging business environment continues. Reinforcement segment benefiting from 2019 customer contracts with further improvements expected moving into 2020. Actions being taken to address feedstock differentials in the specialist segment.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Rubber BlackSales Revenue20191815.01774.02.3
Rubber BlackEBIT2019266.0279.0-4.7
Rubber BlackSales Vol YoY %2019100.0103.0-2.9
Specialist BlackSales Revenue2019694.0731.0-5.11
Specialist BlackEBIT2019106.0142.2-25.42
Specialist BlackSales Vol YoY %201998.0110.0-10.9
Rubber BlackSales Revenue2019/4452.0467.0-3.23
Rubber BlackEBIT2019/471.064.010.94
Rubber BlackSales Vol YoY %2019/4102.0104.0-1.95
Specialist BlackSales Revenue2019/4176.0183.0-3.86
Specialist BlackEBIT2019/427.928.5-2.27
Specialist BlackSales Vol YoY %2019/497.0106.0-8.5


Orion Engineered Carbons USD: 2019 Q3 Results  Link...

Orion Engineered Carbons: Speciality and Mechanical Rubber Goods (MRG) businesses impacted by continued weakness in Asian markets and with automotive OEMs. Tire business has remained stable. Weakening global economy has also impacted other markets as the year has progressed.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/3370.2394.0-6.0
Carbon BlackadjEBITDA2019/368.172.6-6.2
Carbon BlackEBITDA2019/360.464.6-6.6
Carbon BlackEBIT2019/338.441.8-8.3
Specialist BlackSales Revenue2019/3122.8134.2-8.51
Specialist BlackGross Margin2019/341.448.2-14.12
Specialist BlackadjEBITDA2019/330.034.7-13.53
Specialist BlackSales Vol MT2019/360400.064700.0-6.64
Rubber BlackSales Revenue2019/3247.4259.8-4.85
Rubber BlackGross Margin2019/357.360.9-5.96
Rubber BlackadjEBITDA2019/338.137.9.57
Rubber BlackSales Vol MT2019/3196000.0202000.0-3.08


October (2019)

Phillips Carbon Black Ltd: 2019 Q2 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/28629.98802.6-2.0
All SegmentsEBIT2019/21118.01609.3-30.5
All SegmentsNet Margin2019/2770.51079.7-28.6
Carbon BlackSales Revenue2019/28395.08562.9-2.0
Carbon BlackEBIT2019/21250.01638.6-23.7


Longxing Chemical Stock: 2019 Q3 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments as well as quarterly company results. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/3732.6833.7-12.1
All SegmentsDirect Total2019/3627.1695.8-9.9
All SegmentsGross Margin2019/389.1137.6-35.3
All SegmentsNet Margin2019/315.234.8-56.3


Jiangxi Black Cat Carbon Black: 2019 Q3 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/31667.11875.1-11.1
All SegmentsDirect Total2019/31534.41590.3-3.5
All SegmentsGross Margin2019/3132.8284.8-53.4
All SegmentsNet Margin2019/3-10.5133.7-107.9


Orion Engineered Carbons: Introduce a Surface-Modified Carbon Black for Tires   Link...

Orion Engineered Carbons introduced a new surface-modified carbon black for tires at the International Elastomer Conference in Cleveland, Ohio on 9th October. The new product reduces energy loss in tread compounds which improves fuel efficiency while demonstrating good abrasion resistance.


September (2019)

BKT: Carbon Black Production to Achieve 100% Capacity by 2021  Link...

BKT's new carbon black plant has ramped up to 80 kMTpa production capacity with the intention to achieve 130 kMTpa by 2021.


August (2019)

Longxing Chemical Stock: 2019 Q2 Results  Link...

Longxing Chemical Stock: Q2 Net profit down 86% YoY mainly due to the impact of lower sales prices due to weakening market conditions. During the period the sales price dropped 10.54% while the manufacturing cost dropped 2.44%.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/2720.1783.8-8.1
All SegmentsNet Margin2019/27.231.3-77.1
Carbon BlackSales Revenue2019/21321.11367.0-3.4


Jiangxi Black Cat Carbon Black: 2019 Q2 Results  Link...

Jiangxi Black Cat Carbon Black: Results impacted by headwinds in domestic automotive industry and poor global trading conditions. Black Cat have accelerated their plans to implement the first overseas production base (Belarus) project. The new 20 kMTpa speciality carbon black production line has now come on-line and is expected to improve profitability.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/21611.52036.7-20.9
All SegmentsNet Margin2019/2-41.9171.3-124.4
Carbon BlackSales Vol MT2019/2453300.0487300.0-7.0


Jinneng Science & Technology: 2019 Q2 Results  Link...

Jinneng Science & Technology: Raw material prices increased due to supply-side reform and environmental protection policies. Tire demand was weak impacting demand and prices. The Qingdao project is in progress with the carbon black facility being approximately 10% complete.

Jinneng Science & Technology have an integrated chemical operation including coking, chemical production, coal tar deep processing, carbon black and silica production. RCCL follows Jinneng's full operational results (all segments) and studies individual carbon black and silica segment performance. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/22178.72172.8.3
All SegmentsGross Margin2019/2348.6387.0-9.9
All SegmentsNet Margin2019/2246.8264.6-6.7


Tokai Group: 2019 Q2 Results  Link...

Tokai Group: Volumes down to tire customers in Asia. Robust volumes in other regions.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/227287.014917.082.91
Carbon BlackEBIT2019/22262.02383.0-5.1


China Synthetic Rubber Corporation: 2019 Q2 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/24219.04302.5-1.9
Carbon BlackEBIT2019/2-37.3385.2-109.7


Cabot Corporation: Increasing Feedstock Surcharge for Rubber Carbon Black Products in North America  Link...

Effective 1st October 2019 (as contracts allow) a feedstock surcharge of $0.03 per pound will be applied to all carbon black products sold by Cabot in North America. This replaces the previously announced feedstock surcharge of $0.01 per pound that has been in effect since 1st April 2019.

Cabot use primarily crude oil derived feedstocks for rubber carbon blacks. This market is being influenced by changes in types of crude oil products and an increase in demand for low sulphur fuel oil due to the 2020 IMO regulation. This is influencing the type, quality and availability of feedstock required to produce carbon black.


Thai Carbon: 2019 Q1 Results  Link...

Thai Carbon: Business conditions showing improvement versus previous year. Operating profit up, however net margin down due to exchange losses and lower share of income from associates due to changing market conditions.

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/12151.02015.26.71
Carbon BlackEBIT2019/1479.0415.815.2


Cabot Corporation: 2019 Q3 Results  Link...

Cabot Corporation: Reinforcement segment impacted by margin reductions in China and reduced volumes associated with lower automotive production. Speciality Carbons impacted by less favourable product mix due to weakness in automotive and fiber products.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/3633.0661.0-4.21
Carbon BlackEBIT2019/397.4113.9-14.5
Rubber BlackSales Revenue2019/3461.0466.0-1.1
Rubber BlackEBIT2019/372.074.0-2.72
Rubber BlackSales Vol YoY %2019/398.0106.0-7.53
Specialist BlackSales Revenue2019/3172.0195.0-11.84
Specialist BlackEBIT2019/325.439.9-36.45
Specialist BlackSales Vol YoY %2019/3100.0117.0-14.5


Orion Engineered Carbons: 2019 Q2 Results  Link...

Orion Engineered Carbons: Challenging market environment continues. Q2 results down versus prior year's record quarterly results. Volumes up for speciality, however revenues impacted by product mix. Rubber goods segment performed well, however the segment is short of earning its cost of capital, therefore surcharges and price increases have been implemented to continue the upward performance of the Rubber segment.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/2399.0391.61.91
Carbon BlackadjEBITDA2019/271.581.1-11.9
Carbon BlackEBITDA2019/266.9106.7-37.3
Carbon BlackEBIT2019/241.582.5-49.7
Carbon BlackSales Vol MT2019/2270500.0275600.0-1.9
Rubber BlackSales Revenue2019/2259.7248.94.32
Rubber BlackadjEBITDA2019/240.535.912.8
Specialist BlackSales Revenue2019/2139.3142.7-2.43
Specialist BlackadjEBITDA2019/231.045.2-31.4


RCCL Industry Analysis:

Analysis Snippet: Orion Engineered Carbons (OEC) ajdEBITDA/MT

The figure presents OEC's quarterly segmental performance measured by adjEBITDA/MT. While the specialist segment has substantially higher values relative to the rubber segment, it shows a steady downward progression. This is attributable to feedstock pricing pressures as well as product mix effects. The rubber segment has recovered to values previously seen in 2014, this recovery is due to cost efficiencies as well as price increases. The rubber segment recovery is also in line with general feedstock pricing trends, it is easier to implement non-index price increases when variable costs are high.

OEC 2019 Q2

Birla Carbon: Increasing Specialty Carbon Black Prices in North America  Link...

Birla Carbon is increasing North American Speciality carbon black prices by 9% effective 1st September 2019. The price increases are due to increasing carbon black feedstock costs. In addition, a revised schedule of fees for non-standard package services is also being implemented at the same time.


July (2019)

Jiangxi Black Cat Carbon Black: Announcement of Establishment of Overseas Subsidiaries  Link...

Having completed its production base plans in China, Jiangsi Black Cat are looking to expand under the implementation of the 'One Belt, One Road' policy. According to a 12th July filing, Black Cat have formulated a strategic plan for international development. The first move is a planned investment to build their first overseas production base in Belarus. Initial investment is for the setting up of a subsidiary: Jiangxi Black Cat Belarus Co Ltd which will oversea feasability and follow-on activities.


Birla Carbon: Birla Carbon North America Price Index Change  Link...

Birla Carbon is changing all North American price formulas to use the USG 0.5S FO index effective 1st August 2019. The change is being driven by the upcoming IMO regulations which are having a signficant impact on carbon black feedstock pricing. Formulas for other regions will be adjusted based on individual region requirements.


Orion Engineered Carbons: Price Increases for North American Speciality and Rubber Carbon Blacks  Link...

Orion Engineered Carbons S.A. has announced North American price increases effective September 1, 2019 (or as contracts allow). Sales prices for rubber grade carbon black will increase by $0.08/lb and specialist by $0.07/lb for all carbon black produced and sold in North America.

Orion will increase the base price of rubber grade carbon black by $0.04/lb. This surcharge is necessary due to the impact of IMO and EPA mandates which are affecting the availability and price of certain qualities of feedstock oil. The changing relationship between carbon black feedstock pricing and the traditionally used high sulphur fuel oil index will necessitate quarterly reviews of this surcharge, however rapidly changing market conditions may require more frequent review.

For speciality grade carbon black requiring low sulphur feedstock the current surcharge is $0.07/lb which will also be adjusted in a responsive manner.


Phillips Carbon Black Ltd: 2019 Q1 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/19115.27814.216.6
All SegmentsEBIT2019/11524.31453.34.9
All SegmentsNet Margin2019/1634.2975.4-35.0
Carbon BlackSales Revenue2019/18885.57545.417.8
Carbon BlackEBIT2019/11252.11366.0-8.3
PowerSales Revenue2019/1396.3424.7-6.7
PowerEBIT2019/1272.2309.8-12.1


Tokai Group: Increasing Carbon Black Prices in North America  Link...

Tokai Carbon CB Ltd (TCCB) will increase the price of carbon black products by $0.06 per pound effective August 1st 2019, or as contracts allow. The EPA Consent Decree Surcharge will also increase from $0.03 to $0.4 per pound.

Effective January 1s 2020, TCCB is changing many of the standard pacing and premium charges.

New agreements conclulded in 2019 will use the above pricing as well as TCCB's actual corporate monthly average laid-in CBO cost as the feedstock reference price.


June (2019)

BKT: Production Starts at BKT's Carbon Black Plant in Bhuj, India  Link...

Production has started at BKT's 60 kMTpa carbon black plant in India.


Cabot Corporation: Increasing Prices for Rubber Carbon Black Products in North America  Link...

Effective for shipments starting August 2019 (or as contracts allow). Cabot Corporation is increasing prices by $0.07 per pound on all carbon black products in its North American Reinforcement Materials segment.

Cabot state the price increase is necessary to assure customers of continued supply reliability at a time of increasing demand from tire production in the region as well as to cover costs for reducing emissions and enhancing sustainability.

Cabot is also updating standard commerical policies for its Reinforcement Materials in North America, including changes to standard packaging, transportation and warehousing premiums.


Orion Engineered Carbons: Expanding Production Capacity for Gas Blacks at Kalscheuren, Germany  Link...

Orion Engineered Carbons S.A. is expanding capacity for gas blacks at its Kalscheuren plant, located near Cologne, Germany. The expansion is in response to growing demand for coatings where Orion's gas blacks provide excellent performance.


Orion Engineered Carbons: Adopts North West Europe 1% Sulphur Fuel Oil Index for European Pricng Formula  Link...

Orion Engineered Carbons is adopting the Platts North West Europe 1% Sulphur fuel oil index (FO 1% FOB ROT) in Europe as of July 1st 2019. According to Orion, the 1% Sulphur Rotterdam FO index is no longer functional as it does not trade forward and no longer tracks other 1% indices.
Orion state that they use exclusively low sulphur carbon black oil (CBO) grades in Europe. In view of the upcoming IMO Marpol 2020 regulations, the CBO market situation will continue to be monitored carefully.


May (2019)

Thai Carbon: 2018 Q4 Results  Link...

Thai Carbon report in one segment: Carbon Black. Currency values reported in: Millions of THB

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue20188550.27323.616.7
Carbon BlackEBIT20181689.71693.4-.2
Carbon BlackSales Revenue2018/42194.71892.516.0
Carbon BlackEBIT2018/4470.782.8468.31


Longxing Chemical Stock: 2019 Q1 Results  Link...

Longxing Chemical Stock: Downward trend from 2018 Q4 continues into 2019 Q1.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/1690.6680.21.5
All SegmentsGross Margin2019/172.8131.9-44.8
All SegmentsNet Margin2019/11.631.9-95.0


Phillips Carbon Black Ltd: 2018 FY and Q4 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20182017YoY, %Notes
All SegmentsSales Revenue201835285.626003.135.7
All SegmentsEBITDA20185993.13644.464.4
All SegmentsNet Margin20183826.62297.866.5
Carbon BlackSales Revenue201834311.125157.636.4
Carbon BlackEBIT20186190.33244.990.8
All SegmentsSales Revenue2018/49209.97530.122.31
All SegmentsEBIT2018/41767.41119.957.8
All SegmentsNet Margin2018/4744.3742.5.2
Carbon BlackSales Revenue2018/49005.77271.523.82
Carbon BlackEBIT2018/41511.4788.591.7


Tokai Group: 2019 Q1 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/127308.014276.091.31
Carbon BlackEBIT2019/13424.02816.021.6


Cabot Corporation: 2019 Q2 Results  Link...

Cabot Corporation: Challenging market conditions continued into 2019 Q2 with pricing weakness in China for reinforcing materials and softness in automotive demand impacting specialist products as well as impacts for specialist market product mix. Pass through for increased raw material costs has been unfavourable, but should improve moving into Q3.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/2624.0647.0-3.6
Carbon BlackEBIT2019/287.8120.0-26.8
Rubber BlackSales Revenue2019/2445.0454.0-2.01
Rubber BlackEBIT2019/261.079.0-22.8
Rubber BlackSales Vol YoY %2019/299.0100.0-1.0
Specialist BlackSales Revenue2019/2179.0193.0-7.32
Specialist BlackEBIT2019/226.841.0-34.8
Specialist BlackSales Vol YoY %2019/299.0109.0-9.2


Orion Engineered Carbons USD: 2019 Q1 Results  Link...

Orion Engineered Carbons USD: Volumes and revenues down YoY due to poor market conditions in China and to a lesser extent in Europe. Some indication of improved market conditions moving into Q2 2019.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Carbon BlackSales Revenue2019/1384.7406.7-5.41
Carbon BlackadjEBITDA2019/164.676.0-15.0
Carbon BlackEBITDA2019/158.870.1-16.1
Carbon BlackEBIT2019/134.545.3-23.9
Rubber BlackSales Revenue2019/1253.1265.0-4.52
Rubber BlackadjEBITDA2019/135.235.7-1.4
Rubber BlackSales Vol MT2019/1198800.0217000.0-8.43
Specialist BlackSales Revenue2019/1131.6141.7-7.14
Specialist BlackadjEBITDA2019/129.440.3-27.0
Specialist BlackSales Vol MT2019/164000.069100.0-7.45


April (2019)

Jiangxi Black Cat Carbon Black: 2019 Q1 Results  Link...

Jiangxi Black Cat Carbon Black: Significant reduction in revenue with net loss in 2019 Q1, following on from poor 2018 Q4.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20192018YoY, %Notes
All SegmentsSales Revenue2019/11559.81861.1-16.2
All SegmentsGross Margin2019/183.9373.4-77.5
All SegmentsNet Margin2019/1-74.2134.8-155.1


Jiangxi Black Cat Carbon Black: 2018 Full Year Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue20186767.25765.417.4
Carbon BlackGross Margin20181118.01125.7-.7
Precipitated SilicaSales Revenue2018190.6178.66.7
Precipitated SilicaGross Margin201814.815.3-3.4


March (2019)

Birla Carbon: North America Price Change Announcement  Link...

Birla Carbon will increase base prices for all carbon black markets in North America by $170/MT effective May 1st 2019. All shipments made on or after this date are subject to the price increase, with adjustments for customers with supply agreements being implemented as agreements are renewed.
This increase is required to cover the increasing cost of compliance with emission limits in the USA and the increasing cost of compliance elsewhere in North America.


Cabot Corporation: Implementing Feedstock Surcharge for Rubber Carbon Black Products in North America  Link...

Cabot is implementing a $0.01/lb feedstock surchargs for all rubber carbon blacks sold in North America. This is effective for all shipments from April 1, 2019, or as contracts allow. The current dynamic state of the feedstock market is cited as the reason, with decreasing crude availability from Venezuela and Mexico, and preparations for new environmental regulations. These factors are having an impact on the type and availability of feedstock suitable for carbon black production, the changes are not reflected in fuel oil price indices.


Orion Engineered Carbons USD: 2018 Q4 Results  Link...

Orion Engineered Carbons: Delivered strong financial results for Q4 and FY 2018. The performance was bolstered by strong performance in the Rubber Carbon Black segment in particular gained from significant price increases for 2018 over 2017 and continued product rationalisation in Asia.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue20181578.21328.318.8
Carbon BlackadjEBITDA2018294.1257.014.5
Carbon BlackEBIT2018196.3137.942.4
Carbon BlackNet Margin2018121.364.987.0
Rubber BlackSales Revenue2018/4259.1224.315.51
Rubber BlackadjEBITDA2018/435.433.46.0
Rubber BlackSales Vol MT2018/4195400.0210300.0-7.12
Specialist BlackSales Revenue2018/4126.9115.410.03
Specialist BlackadjEBITDA2018/429.032.5-10.84
Specialist BlackSales Vol MT2018/460800.062600.0-2.95


February (2019)

Tokai Group: 2018 FY and Q4 Results  Link...

Tokai Group: Following the acquisition of Sid Richardson in September 2018, Tokai are now adjusting their mid term management plan to leverage their new postion. The plan for the furnace carbon black part of the business has three parts: 1) Improve the margin position for the North American business where market supply is tight and share technology with other locations, 2) Manage feedstock use, energy recovery while reducing costs and improving output, 3) Increase product mix to high value-added products by sharing information on products developed in Japan. Tokai list their strengths as strategic production in global areas with tight supply (North America, Southeast Asia), technology for handling multiple feedstock types and ongoing development of high value products with major tire manufacturers.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue201876926.047828.060.81
Carbon BlackEBIT201810629.06868.054.82
Carbon BlackSales Revenue2018/427939.012465.0124.13
Carbon BlackEBIT2018/42834.01559.081.8


Longxing Chemical Stock: 2018 FY and Q4 Results  Link...

Longxing Chemical Stock: Longxing's overall net profit has increased from 50 MM RMB in 2017 to 133 MM RMB in 2018. Gross margin as a percentage of sales for the carbon black business droped from 17.2 to 15.2 percent over this period. Contributions to the increased net profit come from reduced sales costs and reduced financial expense plus others.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments. Currency values reported in: Millions of CNY

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue20182872.12457.216.9
Carbon BlackGross Margin2018436.6423.63.1
All SegmentsSales Revenue2018/4941.6719.930.8
All SegmentsNet Margin2018/437.6-19.7291.0


Thai Carbon: 2018 Q3 Results  Link...

Thai Carbon: Sales up 21.7 percent, operating margin up 37.7 percent.

Thai Carbon report in one segment: Carbon Black. The results are consolidated for the Thai operation and also for the Birla Carbon plant in China. Currency values reported in: Millions of THB

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/32243.81843.021.7
Carbon BlackEBIT2018/3426.4309.637.71


Cabot Corporation: 2019 Q1 Results  Link...

Cabot Corporation: 2019 tire customer agreements result in volume and price gains in all regions. Difficult market conditions in China along with the impact from significant fluctuations in feedstock pricing are expected to continue into Q2. Some recovery is expected after the Chinese New Year.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20192018YoY, %Notes
Rubber BlackSales Revenue2019/1457.0387.018.11
Rubber BlackEBITDA2019/178.079.0-1.3
Rubber BlackEBIT2019/162.062.0.0
Rubber BlackSales Vol YoY %2019/1101.0103.0-1.92
Specialist BlackSales Revenue2019/1167.0160.04.43
Specialist BlackEBITDA2019/134.741.2-15.8
Specialist BlackEBIT2019/126.032.8-20.74
Specialist BlackSales Vol YoY %2019/197.0109.0-11.0


January (2019)

Phillips Carbon Black Ltd: 2018 Q3 Results  Link...

Phillips Carbon Black Ltd: Continuing to show strong financial performance.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20182017YoY, %Notes
All SegmentsSales Revenue2018/39458.96124.054.5
All SegmentsEBIT2018/31672.11079.554.9
All SegmentsNet Margin2018/31085.8565.991.9
Carbon BlackSales Revenue2018/39197.15924.655.2
Carbon BlackEBIT2018/31674.3870.492.4
Carbon BlackSales Revenue2018/39197.15924.655.2
Carbon BlackEBIT2018/31674.3870.492.4


Shandong Jinneng Coal Gasification Co., Ltd: Jinneng Science & Technology Breaks Ground on New Carbon Black Production Site  Link...

Jinneng Science and Technology has broken ground on its new carbon black production site located in Qingdao, China. The carbon black plant is included in phase I of a major chemicals expansion project and will consist of eight 60 kMTpa capacity lines giving a total production capacity of 480 kMTpa.


December (2018)

Orion Engineered Carbons: Implementing EPA Surcharge in North America  Link...

Orion Engineered Carbons has introduced an EPA surcharge to price agreements for all customers of products produced in North America for 2019. The surcharge is intended to offset incremental variable costs associated with Orion's compliance with its 2017 consent decree with the US EPA. The surcharge will be reviewed on a quarterly basis with the first surcharge being 1.5 cent per pound from April 1st 2019.


Tokai Group: Cancarb Ltd, Expanding Thermal Carbon Black Capacity  Link...

Cancarb Ltd, a subsidiary of Tokai Carbon Co Ltd, is proceeding immediately with an expansion of its thermal carbon black production capacity. Targeted completion of line 6 is summer 2020 adding an addition 9 kMTpa capacity.


November (2018)

Tokai Group: 2018 Q3 Results  Link...

Tokai Carbon continues to benefit from robust tire and automotive industry demand. The acquisition of Sid Richardson, which was converted into a Tokai Carbon subsidiary from September 2018 has added to sales and operating income.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/319794.011892.066.41
Carbon BlackEBIT2018/32596.01912.035.82


Thai Carbon: 2018 Q2 Results  Link...

Thai Carbon report in one segment: Carbon Black. The results are consolidated for the Thai operation and also for the Birla Carbon plant in China. Currency values reported in: Millions of THB

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/22096.41768.718.5
Carbon BlackEBIT2018/2376.8385.4-2.21


Orion Engineered Carbons USD: 2018 Q3 Results  Link...

Orion Engineered Carbons: Rubber segment records record quarterly profit. Strong results were seen across the entire rubber segment supported by a healthy market environment and a focus on improving the technical mix of products. Rubber volumes were down due to product reallignment in South Korea, without this effect volumes were up 2.7%. Profitability in the specialist segment was impacted by the pass-on of higher feedstock pricing.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/3394.0334.917.61
Carbon BlackadjEBITDA2018/372.664.113.2
Carbon BlackEBIT2018/341.833.425.4
Rubber BlackSales Revenue2018/3259.8209.923.82
Rubber BlackadjEBITDA2018/337.923.759.9
Rubber BlackSales Vol MT2018/3202000.0206300.0-2.13
Specialist BlackSales Revenue2018/3134.2125.17.34
Specialist BlackadjEBITDA2018/334.740.3-13.9
Specialist BlackSales Vol MT2018/364700.066600.0-2.95


Cabot Corporation: 2018 FY and Q4 Results  Link...

Cabot Corporation: Cabot are positioned well to capitalise on the favourable market conditions for furnace carbon black. In the reinforcement segment expansions are underway in Indonesia as well as a major debottlenecking program on a global basis. The specialist carbon black segment is benefiting from acquistions of TechBlend (a specialist in carbon black masterbatches) and NSCC (as speciality carbon black plant in China). Cabot see a positive outlook for the short term with a balanced suppy/demand market scenario and postive outcomes for forward customer agreements.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue20182505.02004.025.0
Carbon BlackEBIT2018421.2330.927.3
Rubber BlackSales Revenue20181774.01381.028.51
Rubber BlackEBIT2018279.0193.044.62
Specialist BlackSales Revenue2018731.0623.017.33
Specialist BlackEBIT2018142.2137.93.1
Rubber BlackSales Revenue2018/4467.0367.027.24
Rubber BlackEBIT2018/464.048.033.3
Rubber BlackSales Vol YoY %2018/4104.0104.0.05
Specialist BlackSales Revenue2018/4183.0169.08.36
Specialist BlackEBIT2018/428.537.8-24.6
Specialist BlackSales Vol YoY %2018/4106.0110.0-3.6


Orion Engineered Carbons: Acquires French Acetylene Carbon Black Manufacturer SN2A  Link...

Orion Engineered Carbons have reached an agreement to acquire acetylene carbon black manufacturer Société du Noir d'Acétylène de l'Aubette, SAS (SN2A) from LyondellBasell Industries Holdings B.V. and its French affiliate. Orion see this as a bolt-on acquistion fitting their focus on speciality carbon blacks where acetylene black offers additional opportunities, especially in lithium-ion batteries and high performance electrical cables.


October (2018)

Phillips Carbon Black Ltd: 2018 Q2 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/28562.95800.347.6
Carbon BlackEBIT2018/21638.6878.486.5
PowerSales Revenue2018/2387.2307.825.8
PowerEBIT2018/2251.6180.139.7


Cabot Corporation: Acquires NSCC Carbon (Jiangsu) Co Carbon Black Plant in China  Link...

Cabot Corporation has acquired NSCC Carbon (Jiangsu) Co Ltd from Nippon Steel Carbon Co Ltd a subsidiary of Nippon Steel Chemical & Material Co Ltd. The facility in Pizhou, Jiangsu was commissioned in 2015 and has a capacity of 50 kMTpa serving speciality carbon products. The plant will be temporarily mothballed in order to implement technology upgrades.


September (2018)

Birla Carbon: Expanding Production in Spain  Link...

Birla Carbon has announced an investment at its Spanish which will raise capacity by 15 kMTpa. The expansion is expected to create new opportunities for high-end carbon black market applications (inks, plastics, coatings, speciality).


August (2018)

Thai Carbon: 2018 Q1 Results  Link...

Thai Carbon report in one segment: Carbon Black. The results are consolidated for the Thai operation and also for the Birla Carbon plant in China. Currency values reported in: Millions of THB

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/12015.21819.310.8
Carbon BlackEBIT2018/11402.8460.5204.61


Shandong Jinneng Coal Gasification Co., Ltd: Planning New Carbon Black Plant - Qingdao, China  Link...

Jinneng Science & Technology are planning a new 460 kMTpa carbon black facility as part of a new chemical complex in Qingdao, Shandong Province. The carbon black plant is included in phase I of the project which is due on stream by 2020.


Tokai Group: 2018 Q2 Results  Link...

Tokai Group: Furnace carbon black business benefiting from reduced Chinese carbon black production due to environmental regulations coupled with tight carbon black demand globally. Plants at full capacity. Acquistion of Sid Richardson due for completion in September 2018.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/214917.012160.022.71
Carbon BlackEBIT2018/22383.01918.024.2


Cabot Corporation: Increasing Prices for Speciality Carbons Globally  Link...

Cabot Corporation is raising prices globally on speciality carbons from 1st September 2018 (or as contracts allow). Prices are increasing up to 10%.


China Synthetic Rubber Corporation: 2018 Q2 Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/24302.53514.322.4
Carbon BlackEBIT2018/2385.2276.939.1


Cabot Corporation: 2018 Q3 Results  Link...

Cabot Corporation: Strong 2018 Q3 performance in both carbon black segments with increased volumes. Unit margin increases in reinforcement and pricing gains in speciality carbons.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20182017YoY, %Notes
Rubber BlackSales Revenue2018/3466.0367.027.0
Rubber BlackEBIT2018/374.051.045.11
Rubber BlackSales Vol YoY %2018/3106.099.07.12
Specialist BlackSales Revenue2018/3195.0154.026.6
Specialist BlackEBIT2018/339.930.928.83
Specialist BlackSales Vol YoY %2018/3117.097.020.6


Orion Engineered Carbons USD: Q2 Results  Link...

Orion Engineered Carbons: Strong Q2 results in line with execution plan. Rising feedstock prices for specialist grades have been offset by price increases. Strong demand in the Rubber blacks segment has kept plants running at high utilisation rates.

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/2391.6329.618.8
Carbon BlackGross Margin2018/2112.892.921.4
Carbon BlackadjEBITDA2018/281.164.326.1
Carbon BlackNet Margin2018/252.718.4185.9
Carbon BlackSales Vol MT2018/2275600.0266600.03.41
Specialist BlackSales Revenue2018/2142.7122.316.72
Specialist BlackadjEBITDA2018/245.238.417.7
Specialist BlackSales Vol MT2018/267800.065300.03.83
Rubber BlackSales Revenue2018/2248.9207.320.14
Rubber BlackadjEBITDA2018/235.926.038.1
Rubber BlackSales Vol MT2018/2207800.0201300.03.2

2018/2Restructuring project to consolidate Korean production completed. A gain of $29.8 MM associated with sale of the former plant site in Seoul.


July (2018)

Birla Carbon: Announces Capacity Expansions Totalling 150 kMTpa  Link...

Birla Carbon has announced that it is expanding capacity by 150 kMTpa over the next 18 months. Projects include debottlenecking in Egypt and Italy, restarting a production line in Thailand and installation of new production lines in India.


Orion Engineered Carbons: Price Increases for all Speciality Carbon Blacks Worldwide  Link...

Orion Engineered Carbons has announced price increases for all speciality carbon black products worldwide from 1st September 2018. Increasese will vary depending upon product, region and market. Reasons given were increased cost of raw materials and freight.


June (2018)

China Synthetic Rubber Corporation: Continental Carbon Planing to Expanding in India and USA  Link...

Continental Carbon is planning to invest $155 million into Continental Carbon India to expand production and is also planning to invest $52 million into the US operations.


Tokai Group: Tokai Carbon To Acquire Sid Richardson Carbon Ltd  Link...

Tokai Carbon have signed and agreement for an interest transfer and will proceed with the necessary contracts and regulations with the aim to complete the acquistion by early September 2018. This acquisition represents a strategic investment that is part of Tokai Carbon’s growth strategy under the Mid-Term Management Plan T-2018. It is especially important for us to establish a global production and sales system by advancing into the carbon black business in non-Asian regions.


RCCL Industry Analysis:

Analysis Snippet: Tokai Carbon to Acquire Sid Richardson

The figure below shows Tokai Carbon's furnace carbon black capacity by region. Tokai Carbon have adjusted capacities in Asia over the last few years to optimise fixed costs and improve margins. The recent upturn in the furnace carbon black market makes this a prime time for this acquisition which extends their market reach. Tokai Carbon also acquired Cancarb in April 2014 giving them a world class thermal carbon black production base and extending their product offerings.


Tokai Global Capacities by Region

The positioning of the top ten furnace carbon black manufacturers is presented in the figure below. The acquisition of Sid Richardson will elevate Tokai to sixth place in terms of global furnace carbon black production capacity, just below China Synthetic Rubber Corporation. The move allows OCI Chemicals to enter the top ten just edging out Yaroslavl.


Top 10 Global Furnace Carbon Black Producers

Birla Carbon: Increasing Carbon Black Prices in Europe and Africa  Link...

Birla Carbon have announced price increases for all non-contract customers in Europe and Africa. All shipments of rubber grades post July 2018 will be subject to a 94 Euro/MT price increase, net of monthly price variation.


Sid Richardson: Price increases for Carbon Blacks  Link...

Effective for all shipments post August1, 2018 (or as contracts allow), Sid Richardson is increasing prices on all carbon black products. Invoice prices on all carbon blacks will increase by $110/MT.


Orion Engineered Carbons: Increasing Prices for Rubber Carbon Blacks in EMEA  Link...

Orion Engineered Carbons have announced that effective Aug 1st 2018, prices will be increased for all rubber grade carbon black sold in the EMEA region. The reason given is rising operating expenses due to high utilisation rates and investment in their manufacturing network. Prices will be adjusted by 70 to 90 Euro/MT as contracts allow.


Cabot Corporation: Increasing Prices for Rubber Carbon Blacks in EMEA  Link...

Effective for all shipments made on or after July 1, 2018, or as customer contracts allow, Cabot Corporation is increasing prices on all carbon black products in its Reinforcement Materials segment sold in the Europe, Middle East and Africa (EMEA) region. Prices are increasing by 80 Euro/MT in addition to index related costs. Cabot state that this is required to offset increasing operating and regulatory costs and higher logistics expenses in the EMEA.


May (2018)

Thai Carbon: 2017 Q4 Results  Link...

Thai Carbon report in one segment: Carbon Black. The results are consolidated for the Thai operation and also for the Birla Carbon plant in China. Currency values reported in: Millions of THB

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/41892.51437.031.7
Carbon BlackDirect Total2017/41372.41065.128.9
Carbon BlackEBIT2017/482.8330.8-75.01


Orion Engineered Carbons USD: 2018 Q1 Results  Link...

Orion Engineered Carbons: Strong 2018 Q1 results. Increased volumes, prices and margin for speciality and reinforcing segments. High utilisation in reinforcing segment and continued focus on optimising production and product portfolio towards higher value products.

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/1406.7324.125.51
Carbon BlackadjEBITDA2018/176.062.621.42
Carbon BlackEBITDA2018/170.159.318.3
Carbon BlackEBIT2018/145.337.022.5
Carbon BlackNet Margin2018/124.216.844.1
Carbon BlackSales Vol MT2018/1286100.0275100.04.03
Rubber BlackSales Revenue2018/1265.0208.027.44
Rubber BlackadjEBITDA2018/135.728.425.7
Rubber BlackSales Vol MT2018/1217000.0208100.04.3
Specialist BlackSales Revenue2018/1141.7116.122.0
Specialist BlackadjEBITDA2018/140.334.217.8
Specialist BlackSales Vol MT2018/169100.067000.03.1


Cabot Corporation: Expanding Global Furnace Carbon Black Capacity by Over 300 kMT  Link...

Cabot Corporation is planning to add 160 kMT capacity at its Cilegon, Indonesia plant targetted at tire and industrial rubber market segments. This capacity is expected to come on line late 2020 or early 2021. Additional capacity is being implemented via debottlenecking and operational improvements across 18 of its carbon black production facilities. This will add 150 kMT of capacity for all market segments. Cabot has currently completed approximately one third of this capacity expansion with full implementation expected by end 2021. After full implementation Cabot Corporation will have approximately 2.5 million tonnes of furnace carbon black production capacity.


Tokai Group: 2018 Q1 Results  Link...

Tokai Group: Carbon black supply was tight worldwide with reduced volumes from Chinese manufacturers due to environmental legislation. Orders from tire manufacturers increased substantially. Capacity utilisation was high with an over 90% increase in operating income.

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

SegmentParameterPeriod20182017YoY, %Notes
Carbon BlackSales Revenue2018/114276.011344.025.81
Carbon BlackEBIT2018/12816.01479.090.42


Cabot Corporation: 2018 Q2 Results  Link...

Cabot Corporation: Reinforcement margin increases from 2018 contracts, favourable spot pricing and high capacity utilisation, high maintenance spend planned for 2H of 2018. Specialist carbon margin up due to price increases.

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20182017YoY, %Notes
Rubber BlackSales Revenue2018/2454.0352.029.01
Rubber BlackEBITDA2018/297.071.036.6
Rubber BlackEBIT2018/279.054.046.32
Rubber BlackSales Vol YoY %2018/2100.0106.0-5.73
Specialist BlackSales Revenue2018/2193.0162.019.14
Specialist BlackEBITDA2018/249.744.810.95
Specialist BlackEBIT2018/241.036.213.46
Specialist BlackSales Vol YoY %2018/2109.0115.0-5.2


Phillips Carbon Black Ltd: 2017 FY and Q4 Results  Link...

Phillips Carbon Black Ltd: Capacity utilisation for FY17 was 94%. Plans for expansion include debottlenecking (+30kMTpa) FY18 plus brownfield expansions (+80kMTpa) in FY19 and potential greenfield expansion in Southern India.

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue201726003.121312.722.0
All SegmentsVariable Cost201716508.912212.635.2
All SegmentsEBITDA20173644.43537.23.0
All SegmentsNet Margin20172297.8676.8239.5
All SegmentsSales Revenue2017/47530.16053.124.4
All SegmentsEBIT2017/41119.91060.65.6
All SegmentsNet Margin2017/4742.5281.4163.9
Carbon BlackSales Revenue201725157.620461.822.9
Carbon BlackEBIT20173244.91968.264.9
Carbon BlackSales Revenue2017/47271.55817.125.0
Carbon BlackEBIT2017/4788.5793.4-.6


April (2018)

Jiangxi Black Cat Carbon Black: 2017 Full Year Results  Link...

Jiangxi Black Cat Carbon Black: Margin improvements due to improved market outlook resulting from environmental measures within China.

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production. Currency values reported in: Millions of CNY

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/42228.71305.470.7
All SegmentsGross Margin2017/4613.5275.4122.8
All SegmentsNet Margin2017/4161.998.364.7
Carbon BlackSales Revenue20175765.43680.756.6
Carbon BlackGross Margin20171125.7649.873.2


Longxing Chemical Stock: 2017 Full Year and Q4 Results  Link...

Longxing Chemical Stock: Margin gains from improved market conditions as a result of more stringent environmental controls within China.

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments. Currency values reported in: Millions of CNY

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/4719.9510.141.1
All SegmentsGross Margin2017/4123.1113.58.5
All SegmentsNet Margin2017/4-19.716.1-222.0
Carbon BlackSales Revenue20172457.21622.051.5
Carbon BlackGross Margin2017423.6307.137.9


Orion Engineered Carbons: Increasing Rubber Carbon Black Prices in North America  Link...

Orion Engineered Carbons is increasing prices on all rubber carbon blacks sold in North America. Increasing operating, logistics and service costs have led to the increase of an average of f $121/MT.


Cabot Corporation: Expanding in Black Masterbatch and Compounds  Link...

Cabot recently completed the acquisition of Tech Blend, a leading North American producer of black masterbatches, which will now operate as Cabot Plastics Canada, LP a wholly-owned subsidiary of Cabot Corporation within Cabot’s global Specialty Compounds business. In addition, Cabot has also commissioned a new production line at its manufacturing facility in Pepinster, Belgium.The Pepinster site is now the largest masterbatch and compounds manufacturing facility in Cabot’s network.


Cabot Corporation: Increasing Prices for Rubber Carbon Black in North America  Link...

Effective for all shipments from June 2018 or as contracts allow: Cabot Corporation is increasing prices for reinforcement carbon black products in North America. Prices will increase by $0.045/lb with some selected specialist rubber carbon blacks having a 4% price increase. Increases are due to rising manufacturing costs.


China Synthetic Rubber Corporation: 2017 Full Year Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue201714081.810606.632.8
Carbon BlackEBIT2017509.9-108.4570.4


March (2018)

Orion Engineered Carbons: Adding Speciality Carbon Black Production Line in Italy  Link...

Orion Engineered Carbons is expanding production capacity at its Ravenna plant in Italy. The new line will produce speciality carbon blacks for the coatings, polymers, printing and speciality application markets. The new line, expected to begin production in Q4 2019, continues Orion's rapid reallignment towards higher value products.


February (2018)

Orion Engineered Carbons: 2017 Full Year and Q4 Results  Link...

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of EUR

Increasing demand and feedstock pressures


Increasing demand, particularly in the rubber segment is improving furnace carbon black manufacturers' contract pricing leverage. This is being offset in the specialist carbon black segment with feedstock pricing increases and regional variations along with the ability to pass additional costs to the customer in a timely manner.

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue20171177.21030.114.3
Carbon BlackGross Margin2017334.8338.3-1.0
Carbon BlackadjEBITDA2017227.7222.52.3
Carbon BlackEBIT2017123.8104.818.1
Carbon BlackSales Vol MT20171087500.01127900.0-3.6
Rubber BlackSales Revenue2017752.7644.316.8
Rubber BlackadjEBITDA201798.986.114.9
Rubber BlackSales Vol MT2017826000.0886100.0-6.8
Specialist BlackSales Revenue2017424.6385.910.0
Specialist BlackadjEBITDA2017128.8136.7-5.8
Specialist BlackSales Vol MT2017261500.0241800.08.1
Carbon BlackSales Revenue2017/4288.5276.34.41
Carbon BlackEBIT2017/426.036.7-29.22
Carbon BlackNet Margin2017/421.118.613.73
Carbon BlackSales Vol MT2017/4272900.0280600.0-2.74
Rubber BlackSales Revenue2017/4190.5180.25.75
Rubber BlackadjEBITDA2017/428.425.312.36
Rubber BlackSales Vol MT2017/4210300.0221100.0-4.97
Specialist BlackSales Revenue2017/498.096.12.08
Specialist BlackGross Margin2017/435.239.9-11.89
Specialist BlackadjEBITDA2017/427.630.3-8.910
Specialist BlackSales Vol MT2017/462600.059500.05.211
Specialist BlackSales Revenue2017/498.096.12.012
Specialist BlackGross Margin2017/435.239.9-11.813
Specialist BlackadjEBITDA2017/427.630.3-8.914
Specialist BlackSales Vol MT2017/462600.059500.05.215


Tokai Group: 2017 Full Year and Q4 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

Tokai Carbon Carbon Black Segment sees substantial increases in sales revenue and operating margin.

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue201747828.037764.026.6
Carbon BlackEBIT20176868.04755.044.4
Carbon BlackSales Revenue2017/412465.09959.025.2
Carbon BlackEBIT2017/41559.01473.05.8


Thai Carbon: Q3 Results  Link...

Thai Carbon report in one segment: Carbon Black. The results are consolidated for the Thai operation and also for the Birla Carbon plant in China. Currency values reported in: Millions of THB

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/31843.01320.439.6
Carbon BlackTotal Costs2017/31569.01063.647.5
Carbon BlackDirect Total2017/31302.6901.344.5
Carbon BlackEBIT2017/3309.6293.45.51


Omsk Carbon Group: Launching First Stage of Belarus Plant  Link...

Test start up of the first stage of the Belarus plant is scheduled for April to June 2018 with subsequent commissioning of the production facilities.


Cabot Corporation: 2018 Q1 Results  Link...

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

Cabot Reinforcing Segment Benefits From 2018 Customer Agreements.


Cabot's reinforcing segment is set for strong 2018 performance based on customer agreements and a healthy spot market in Europe and Asia. The performance chemical segment (including specialist carbon black) is set to improve for volume and pricing, however, this will be restricted by rising feedstock and growth investment costs.

SegmentParameterPeriod20182017YoY, %Notes
Rubber BlackSales Revenue2018/1387.0300.029.0
Rubber BlackEBITDA2018/179.057.038.6
Rubber BlackEBIT2018/162.040.055.01
Rubber BlackSales Vol YoY %2018/1103.02
Specialist BlackSales Revenue2018/1160.0138.015.9
Specialist BlackEBITDA2018/141.240.03.13
Specialist BlackEBIT2018/132.832.7.44
Specialist BlackSales Vol YoY %2018/1109.0101.07.95


Orion Engineered Carbons: Speciality Carbon Black Price Increase  Link...

Orion Engineered Carbons is implementinig price increases on all Speciality Blacks worldwide beginning Jan 1st 2018. The increase varies by grade, region and market.


January (2018)

Phillips Carbon Black Ltd: Q3 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods. Currency values reported in: Millions of INR

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/36124.05370.514.01
All SegmentsEBIT2017/31079.5495.3117.9
All SegmentsNet Margin2017/3565.9174.7223.9
Carbon BlackSales Revenue2017/35924.65187.014.2
Carbon BlackEBIT2017/3870.4463.587.8
PowerSales Revenue2017/3343.4325.45.5
PowerEBIT2017/3209.1222.4-6.0


RCCL Industry Analysis:

Analysis Snippet: Phillips Carbon Black Ltd Strong Performance Continues

Phillips Carbon Black Ltd (PCBL) are continuing their strong performance resulting from a combination of favourable market conditions as well as improved product mix with PCBL developing strongly in differentiated carbon black products.

img1

Cabot Corporation: 2017 Full Year Results Annual Report  Link...

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

Cabot Corporation Expecting Future Benefits from Strategic Initiatives

Cabot's strategy has focused on growing its core competencies while investing in material innovations for future technologies. Cabot believe they are well placed to take advantage of increasing environment and sustainability issues within the carbon black manufacturing industry, having already invested heavily in state-of-the-art manufacturing and control systems. This is particularly relevant to operations in China where environmental constraints are increasing. Cabot's investment in energy recovery is also a key ingredient enabling them to improve the profitability of the reinforcement segment in particular. From a technology viewpoint, Cabot see strong potential in energy efficient products relating to tire technology as well as advanced battery and cell development for mobility and energy storage.

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue20172004.01686.018.9
Carbon BlackEBIT2017330.9287.315.2
Carbon BlackSales Vol YoY %2017102.598.83.71
Rubber BlackSales Revenue20171381.01108.024.62
Rubber BlackEBIT2017193.0137.040.93
Rubber BlackSales Vol YoY %2017102.098.04.14
Specialist BlackSales Revenue2017623.0578.07.85
Specialist BlackEBIT2017137.9150.3-8.36
Specialist BlackRCCL Est: Sales Vol MT2017.3.35.2


RCCL Industry Analysis:

Analysis Snippet: Cabot versus Orion EBITDA per MT

RCCL estimates provide the comparison in the figure below. The figure presents the EBITDA per MT of product for reinforcing (rubber) grades and specialist (pigment) grades for Cabot Corporation and Orion Engineered Carbons. There is good agreement between the two companies for margin for the rubber and specialist segments. These values are derived from RCCL estimates for Cabot sales volumes which in the case of specialist grades also include the sale of plastic composites. 2017 values are not currently available for Orion Engineered Carbons. Note, company accounting policies may make direct comparison of EBITDA values unreliable. RCCL has extensive knowledge of carbon black manufacturing costing structures and can help make logical comparisons between companies and data. Please contact RCCL for more details.

img1

Mitsubishi Chemical: Starts Production of Styrenic Thermoplastic Elastomers in Thailand  Link...

Mitsubishi Chemical Corporation started production of styrenic thermoplastic elastomer at Mitsubishi Chemical Performance Polymers (Thailand) Co., Ltd., in Thailand in January 2018.


December (2017)

Orion Engineered Carbons: EPA Clean Air Act Settlement  Link...

(Washington, D.C. – December 22, 2017) - EPA and the Department of Justice announced a Clean Air Act (CAA) settlement with Orion Engineered Carbons, LLC that will significantly reduce air pollution from four carbon black manufacturing plants in Louisiana, Ohio and Texas. The Louisiana Department of Environmental Quality (LDEQ) participated in the settlement. The EPA estimates that the cost of the additional emissions mitigation will be over $100 million. In addtion Orion have commited to spend $550,000 on environmental mitigation projects as well as $800,000 in civil penalties. The proposed settlement, lodged in the U.S. District Court for the Western District of Louisiana, is subject to a 45-day public comment period and final court approval.


RCCL Industry Analysis:

Jan2018Bulletin

North American furnace carbon black supply versus demand is covered in detail in RCCL's latest bulletin.

The bulletin covers:

  • North American Furnace Carbon Black Production.
  • North American Furnace Carbon Black Market.
  • Discussion of the range of factors which may influence forward supply-demand balance in the region.

This special bulletin is available by request from Rubber Chemical Consultants Ltd

Additional high level market analysis information is available in the January Newsletter and the video which accompanies the January Bulletin.


Birla: EPA Settlement with Columbian Chemicals Company  Link...

WASHINGTON (December 22, 2017) - The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today a settlement resolving Clean Air Act claims by the United States and the states of Kansas and Louisiana against carbon black manufacturer Columbian Chemicals Company. Under the settlement, the company has agreed to install and operate state-of-the-art pollution control technologies to reduce emissions of harmful air pollutants. The estimated cost of additional emission controls amounts to $94 million with civil penalties of $650,000 and environmental mitigation projects of $375,000. The proposed settlement, lodged in the U.S. District Court for the Western District of Louisiana, is subject to a 30-day federal public comment period and a 45-day Louisiana public comment period and final court approval.


Sid Richardson: Settlement Agreement with EPA  Link...

WASHINGTON (December 22, 2017) - The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today a settlement resolving Clean Air Act claims by the United States and the states of Louisiana and Texas against carbon black manufacturer Sid Richardson Carbon and Energy Company. Under the settlement, the company has agreed to install and operate state-of-the-art pollution control technologies to reduce emissions of harmful air pollutants. The cost of additional emissions controls is estimated at over $100 million. In addition Sid Richardson will pay civil penalites of $999,000 and perform environmental mitigation projects valued at $490,000. The proposed settlement, lodged in the U.S. District Court for the Middle District of Louisiana, is subject to a 30-day federal public comment period, a 45-day Louisiana public comment period and final court approval.


Orion Engineered Carbons: New Speciality Carbon Black Production Line - South Korea  Link...

Orion Engineered Carbons has completed construction of a new Carbon Black production line at its plant in Yeosu, South Korea, to produce specialty products. The line started production on November 23rd and has begun commercial sales. The new line will produce premium grades for demanding applications such as automotive coatings, engineered plastics, printing inks, sealants and adhesives. The Yeosu plant has also recently completed a major upgrade to a technical rubber carbon black production line which is also back in production. These two projects are major components of the consolidation of the Bupyeong [Incheon] Plant into the Yeosu facility. The transition is on track to be completed by July 2018.


November (2017)

Tokai Group: Q3 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY

Domestic tire manufacturer demand has increased due to reduced pressure from Chinese imports. Progress continues with margin improvements at overseas subsidiaries.

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/311892.09508.025.11
Carbon BlackEBIT2017/31912.01390.037.62


Orion Engineered Carbons: Q3 Results  Link...

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of EUR

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/3285.1259.79.81
Carbon BlackGross Margin2017/380.982.7-2.2
Carbon BlackEBITDA2017/348.855.4-12.0
Carbon BlackEBIT2017/328.43.4731.9
Carbon BlackNet Margin2017/313.0-3.8439.2
Carbon BlackSales Vol MT2017/3272900.0277100.0-1.52
Rubber BlackSales Revenue2017/3178.6165.08.23
Rubber BlackGross Margin2017/336.539.3-7.14
Rubber BlackEBITDA2017/320.222.2-9.0
Specialist BlackSales Revenue2017/3106.594.712.5
Specialist BlackGross Margin2017/344.343.42.1
Specialist BlackEBITDA2017/334.333.23.3


Cabot Corporation: Q4 Results  Link...

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD

SegmentParameterPeriod20172016YoY, %Notes
Rubber BlackSales Revenue2017/4367.0289.027.0
Rubber BlackEBIT2017/448.042.014.31
Rubber BlackSales Vol YoY %2017/4104.02
Specialist BlackSales Revenue2017/4169.0141.019.9
Specialist BlackEBIT2017/437.839.4-4.13
Specialist BlackSales Vol YoY %2017/4110.0


October (2017)

Cabot Corporation: Acquiring Tech Blend  Link...

Cabot Corporation have entered into an agreement to purchase Tech Blend, a leading North American producer of black plastic masterbatches. The company will be managed as part of Cabot’s global specialty compounds business within the Performance Chemicals segment. The parties expect to close the transaction in November 2017.


Jiangxi Black Cat Carbon Black: Q3 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production.

Jiangxi Black Cat Carbon Black: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/31649.21125.646.5
All SegmentsDirect Total2017/31373.3883.455.5
All SegmentsGross Margin2017/3275.9242.113.9
All SegmentsNet Margin2017/3103.552.995.6


Longxing Chemical Stock: Q3 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments.

Longxing Chemical Stock: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/3723.1510.241.7
All SegmentsDirect Total2017/3586.9395.048.6
All SegmentsGross Margin2017/3136.2115.218.3
All SegmentsNet Margin2017/329.024.319.5


Shanxi Tond Chemical Co. Ltd: Q3 Results  Link...

Shanxi Tond Chemical Co Ltd manufactures explosive chemicals and precipitated silica. Precipitated silica is a minor segment and is tracked by Rubber Chemical Consultants, the level of detail for the precipitated silica segment varies depending upon whether it achieves 10% of company sales revenue.

Shanxi Tond Chemical Co. Ltd: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/3300.6170.376.5
All SegmentsNet Margin2017/332.921.453.4


Shuanglong Tonghua Chemical Co., Ltd: Q3 Results  Link...

Shuanglong Tonghua Chemical Co produce precipitated silica for use in rubber (tire and rubber goods) as well as for oral care, coatings and other applications. In 2014 Shuanglong diversified by purchasing Jinbao Pharmaceutical which is now a key focus of the company. RCCL tracks Shuanglong's Chemical Industry segment which represents the precipitated silica business, RCCL also tracks the company financials.

Shuanglong Tonghua Chemical Co., Ltd: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/3191.7209.0-8.3
All SegmentsDirect Total2017/3128.5132.2-2.8
All SegmentsGross Margin2017/363.276.8-17.7
All SegmentsNet Margin2017/326.345.8-42.5


September (2017)

Birla: Birla Carbon Commences Operations at New Plant in Jining, China  Link...

Birla Carbon has inaugurated its new greenfield plant in Jining, China. Phase one of the plant has 120 kMTpa capacity. Birla consider the plant to be state-of-art with cogen facilities providing surplus energy to the local market as well as advanced SOx and NOx emission control. Birla state that direct CO2 emissions per MT product will be much lower than the industry benchmark.


Tokai Group: Q2 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment.

Tokai Group: JPY Millions

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/212160.08810.038.01
Carbon BlackEBIT2017/21918.0775.0147.52

1 Demand from tire and auto industries was strong. Volume sales increased.

2 Profit increased due to increased product prices (offsetting price of crude) and from structural reform in the previous year.


August (2017)

Omsk Carbon Group: Investing in Omsk Plant  Link...

Omsk Carbon Group plant to invest more than 1.5 billion RUB in their Omsk factility in the next 4 years, this includes construction of a new high capacity production line (40 kMTpa) which is planned for the next financial year.


Jiangxi Black Cat Carbon Black: Planning New Specialist Carbon Black Line  Link...

According to Black Cats 2017 Q2 report they are planning 20k special carbon black line with the support of the Inner Mongolia New Coal Chemical Materials Research Institute. This project allowing them to reduce the dependency on the tire industry.


Jiangxi Black Cat Carbon Black: Q2 Results  Link...

Jiangxi Black Cat Carbon Black is China's biggest producer of furnace carbon black with capacity at just over 1 million metric tonnes. Rubber Chemical Consultants tracks Jiangxi Black Cat for total financial performance as well as performance in furnace black and precipitated silica production.

Jiangxi Black Cat Carbon Black: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/21567.41080.845.0
All SegmentsNet Margin2017/2162.77.62031.5
Carbon BlackSales Revenue2017/22560.01648.455.3
Carbon BlackGross Margin2017/2553.5211.4161.8
Precipitated SilicaSales Revenue2017/266.938.773.1
Precipitated SilicaGross Margin2017/2-3.5-4.523.5


Tokai Group: Thai Tokai Carbon Product Co Becomes Wholly Owned Subsidiary  Link...

Tokai Carbon Co., Ltd. (the Company) made Thai Tokai Carbon Product Co., Ltd. (TCP), its consolidated subsidiary, a wholly owned subsidiary by acquiring additional 5% of TCP’s shares. This is to enable Tokai Carbon to strengthen the business in view of expected future growth in Southeast Asia.


Orion Engineered Carbons: Q2 Results  Link...

Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results.

Orion Engineered Carbons: EUR Millions

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/2299.3247.920.7
Carbon BlackEBITDA2017/256.557.7-2.1
Carbon BlackEBIT2017/234.634.21.3
Rubber BlackSales Revenue2017/2188.3149.925.61
Rubber BlackEBITDA2017/223.619.123.6
Specialist BlackSales Revenue2017/2111.198.013.42
Specialist BlackEBITDA2017/234.838.7-10.1

1 Revenues increased YOY despite volume decline, due to pass through of feedstock costs, currency exchange and some pricing improvements.

2 Strong volume growth in Europe plus extension of sales from Qingdao facility.


Phillips Carbon Black Ltd: Expanding Capacity at Palej and Mundra Plants  Link...

Phillips Carbon Black Ltd has announced that it is expanding capacity at two of its plants in India: Palej and Mundra. The total added capacity will be 80 kMTpa due online at the end of of FY2019.


Phillips Carbon Black Ltd: Q1 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods.

Phillips Carbon Black Ltd: INR Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/16373.24782.233.3
All SegmentsEBIT2017/1969.8540.379.5
All SegmentsNet Margin2017/1481.6120.2300.7
Carbon BlackSales Revenue2017/16161.24558.835.1
Carbon BlackEBIT2017/1707.7295.7139.3
PowerSales Revenue2017/1369.0348.55.9
PowerEBIT2017/1262.1244.67.2
PowerSales Intersegment2017/1157.0125.125.5


Cabot Corporation: Q3 Results  Link...

Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results.

Cabot Corporation: USD Millions

SegmentParameterPeriod20172016YoY, %Notes
Rubber BlackSales Revenue2017/3367.0270.035.9
Rubber BlackEBITDA2017/368.053.028.3
Rubber BlackEBIT2017/351.035.045.71
Rubber BlackSales Vol YoY %2017/399.098.01.02
Specialist BlackSales Revenue2017/3154.0152.01.3
Specialist BlackEBITDA2017/338.347.3-19.0
Specialist BlackEBIT2017/330.939.3-21.33
Specialist BlackSales Vol YoY %2017/397.0103.0-5.8

1 Increase due to favourable pricing and product mix

2 Volume increases in EMEA and Americas offset by weaker tire demand in Asia

3 Reduction due to higher feedstock pricing and unplanned downtime


Tokai Group: 2016 FY and Q4 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment.

Tokai Group: JPY Millions

SegmentParameterPeriod20162015YoY, %Notes
Carbon BlackSales Revenue201637764.046224.0-18.3
Carbon BlackEBIT20164755.01305.0264.41
Carbon BlackSales Revenue2016/49959.09967.0-.1
Carbon BlackEBIT2016/41473.028.05160.7

1 Ebit increased due to reduced labour and costs at the Chinese and Thai operations.


BKT: Planning 60 kMTpa Carbon Black Plant, Bhuj, India  Link...

BKT board has approved a project to set up a 60 kMTpa at their recently completed tire plant in Bhuj, India. This is part of a backward integration plant for more control on their supply chain.


Longxing Chemical Stock: Q2 Results  Link...

Longxing Chemical Stock (second largest furnace carbon black producer in China) also produces chemicals and precipitated silica. Rubber Chemical Consultants tracks Longxing's furnace black and precipitated silica segments.

Longxing Chemical Stock: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/21134.7727.755.9
Carbon BlackDirect Total2017/2930.0608.352.9
Carbon BlackGross Margin2017/2204.6119.471.3
Precipitated SilicaSales Revenue2017/249.932.254.9
Precipitated SilicaDirect Total2017/235.623.054.5
Precipitated SilicaGross Margin2017/214.39.255.8


July (2017)

Orion Engineered Carbons: Increasing Prices for Rubber Carbon Black in USA  Link...

Orion Engineered Carbons has announced it is increasing prices by five cents per pound (or as contracts allow) on all rubber carbon black sold in the USA. Increases are due to investments in production facilities.


Orion Engineered Carbons: Idling Rubber Carbon Black Production Line, Orange Texas at Year End  Link...

Orion Engineered Carbons has announced that is it idling one rubber carbon black production line at its Orange, Texas facility at the end of 2017. This action is being taken because current pricing levels to not justify the costs of maintaining the production capacity.


RCCL Industry Analysis:

Analysis Snippet: Orion Engineered Carbons (OEC)

This is a high level discussion looking at the reasons for OEC’s announced mothballing of a rubber furnace grade line at their Orange, Texas facility. This looks briefly at evidence from OEC’s financial data as well as external factors such US import movements and values. The discussion rounds off with a look at OEC’s US operations. As always, far deeper insight is available from Rubber Chemical Consultants Ltd by arrangement.

OEC focus strongly on value added products. These include a range of specialist (non-furnace grades) as well as specialist furnace products. The figure below shows OEC’s average selling price and EBITDA per metric tonne for specialist and rubber grades, it is clear that the selling price and EBITDA/MT for rubber products is significantly lower. OEC have made efforts to increase rubber grades EBITDA by passing on feedstock costs as well as moving to more technical rubber grades, this is evidenced by the increase in pricing (also attributable to feedstock movements) in recent quarters. While the pricing is seen to be recovering, the change in EBITDA is marginal, this may be a reflection of increasing non-variable manufacturing costs.

imgOECEBITDA

The figure below shows carbon black (HS2803) import volumes to the USA from all countries. This indicates a general upward trend, with an approximate 30kMTpa shift between 2013 and 2014. Volumes post 2013 appear to have stabilised. This average data clearly hides a level of complexity, both in the different underlying importing countries and also in product mix, however, the majority of import volume and incremental volume comes from Canada and Russia, with the impact from Russia taking effect from 2013 onwards.

A take away from this limited analysis is that the incremental volume from 2013 to 2014 is roughly equivalent of one rubber carbon black production line.

img1

The figure below looks at the average price (based on customs value) of imports for global (all countries), Canada and Russia. Again it is important to understand that product type and mix will impact the average prices, however it is clear that the Russian imports, which it can be assumed will be rubber grades predominately for tire applications, have substantially lower average prices.

img1

Regarding OEC’s US operations, OEC currently have four production sites in the US with an estimated total capacity in the region of 375 kMTpa (all types), this is one more US site compared to CSRC, Sid Richardson and Cabot and two more US sites compared to Columbian (Birla). The number of sites as well as total combined production will have an impact on ongoing operational costs which will increase due to the ongoing EPA action, this will clearly impact future EBITDA and EBIT for all products, however the impact on rubber grades will be more acute due to their low profit margins and market pricing prospects. Looking at OEC’s market positioning, they have upgraded a number of their US facilities for specialist products and also produce thermal black at their Borger facility. The mothballing of the line at Orange, Texas reduces this plant’s estimated capacity to below 50kMTpa, which leaves the longer term prospects for this plant questionable.


Thai Carbon: 2016 Full Year Results  Link...

Thai Carbon report in one segment: Carbon Black. The results are consolidated for the Thai operation and also for the Birla Carbon plant in China.

Thai Carbon: THB Millions

SegmentParameterPeriod20162015YoY, %Notes
Carbon BlackSales Revenue20165040.04835.04.2
Carbon BlackEBIT20161062.0639.066.2
Carbon BlackSales Vol MT2016202925.0175783.015.4


Omsk Carbon Group: Mogilev Production to Start in 2018  Link...

Omsk Carbon is now planning to start operations at their new greenfield Belarus site in 2018. According to Omsk, delays are due to implementation of state-of-the-art production which has necessitated some re-design.


June (2017)

Phillips Carbon Black Ltd: 2016 FY and Q4 Results  Link...

Phillips Carbon Black Ltd (PCBL) produce furnace carbon black and also cogenerate electricity using the waste gas from the carbon black process. PCBL report in two segments: Carbon Black and Power, the Power segment sells back to the Carbon Black segment as well as supplying surplus electricity for external sale. All quarterly results are unaudited. Results are reported based for the period in question with no currency adjustments between reporting periods.

Phillips Carbon Black Ltd: INR Millions

SegmentParameterPeriod20162015YoY, %Notes
Carbon BlackSales Revenue201620461.818184.012.5
Carbon BlackEBIT20161968.2927.0112.3
PowerSales Revenue20161416.11296.89.2
PowerEBIT2016962.8901.36.8
PowerSales Intersegment2016565.2533.65.9
Carbon BlackSales Revenue2016/45817.14339.334.1
Carbon BlackEBIT2016/4793.4106.7643.6
PowerSales Revenue2016/4387.3418.4-7.4
PowerEBIT2016/4267.2313.6-14.8
PowerSales Intersegment2016/4151.3197.9-23.5
PowerSales Revenue2016/4387.3418.4-7.4
PowerEBIT2016/4267.2313.6-14.8
PowerSales Intersegment2016/4151.3197.9-23.5


May (2017)

Orion Engineered Carbons: EMEA Price Increases for Rubber Carbon Blacks  Link...

Orion is increasing prices for all rubber grades sold in the EMEA. Increases will be between 60 and 90 Euro/MT or as contracts allow. The increases were deemed necessary due to increased operating expenses and costs required to meet more stringent customer quality standards and service levels.


Birla Carbon: Raising Prices in Europe and Africa  Link...

Effective July 1st, 2017, Birla Carbon is increasing carbon black prices in Europe and Africa region by EUR 70/MT, net of price monthly variation.


Cabot Corporation: Raising Prices for EMEA Reinforcing Products  Link...

Cabot coporation is increasing prices from June 12th 2017 (subject to existing contracts) for all products in its Reinforcement Materials segment within the EMEA region. High utilisation rates, new regulations and sourcing challenges for feedstock within the EMEA region were stated as drivers for the increased prices. Price adjustments will be in the range of 50 to 80 Euro/MT in addition to any applicable feedstock index related pricing.


Tokai Group: Q1 Results  Link...

Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment.

Tokai Group: JPY Millions

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/111344.09487.019.61
Carbon BlackEBIT2017/11479.01117.032.42

1 Increased sales volume

2 Increased sales coupled with improved operability.


Longxing Chemical Stock: 2017 Q1 Results  Link...

Longxing Chemical Stock: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/1542.1366.248.0
All SegmentsDirect Total2017/1437.4308.341.9
All SegmentsGross Margin2017/1104.757.980.9
All SegmentsNet Margin2017/117.4-22.8176.1


RCCL Industry Analysis:

Analysis Snippet: Longxing Chemical Stock

Longxing's main segment is carbon black, they also produce precipitated silica (starting production in 2013), polyvinylidene flouride and products from coal tar.

The figure below shows quarterly data for sales, direct costs, gross margin and net margin. The recent trend (divergence of sales revenue and direct costs with a resulting improvement in net margin) from the middle of 2016 is in line with other reports (Jiangxi Black Cat) and also Cabot who also report a recovery in the carbon black market, especially in China with strengthening prices and demand. The recovery in China has been partially attributable to efforts to eliminate outdated manufacturing units thereby reducing the huge production surplus in the country, the upturn in the tire market has also had a signficant effect.

More detailed insight for furnace carbon black and precipitated silica is availabe upon request from MRT.

img1

Jiangxi Black Cat Carbon Black: 2017 Q1 Results  Link...

Jiangxi Black Cat quarterly results for all segments (carbon black, precipitated silica, energy and coal chemicals).

Jiangxi Black Cat Carbon Black: CNY Millions

SegmentParameterPeriod20172016YoY, %Notes
All SegmentsSales Revenue2017/11502.1869.472.8
All SegmentsNet Margin2017/152.6-64.7181.2


Orion Engineered Carbons: Q1 Results  Link...

Orion Engineered Carbons: EUR Millions

SegmentParameterPeriod20172016YoY, %Notes
Carbon BlackSales Revenue2017/1304.3246.323.51
Carbon BlackGross Margin2017/189.781.610.0
Carbon BlackEBITDA2017/158.854.08.92
Carbon BlackSales Vol MT2017/1275100.0277800.0-1.0
Rubber BlackSales Revenue2017/1195.3149.230.93
Rubber BlackGross Margin2017/146.136.327.0
Rubber BlackEBITDA2017/126.719.536.9
Rubber BlackSales Vol MT2017/1208100.0218700.0-4.8
Specialist BlackSales Revenue2017/1109.097.112.3
Specialist BlackGross Margin2017/143.645.3-3.84
Specialist BlackEBITDA2017/132.134.5-7.0
Specialist BlackSales Vol MT2017/167000.059200.013.25

1 Revenue increase due to pass on of higher feedstock prices to customer as well as base price increases

2 (adjusted)

3 Sales impacted (4.8%) by closure of Ambes plant in France.

4 Decrease in gross profit due to time lag in price adjustements versus higher feedstock prices.

5 Rapid growth in speciality carbon black volumes.


Cabot Corporation: 2017 Q2 Results  Link...

Cabot Corporation: USD Millions

SegmentParameterPeriod20172016YoY, %Notes
Rubber BlackSales Revenue2017/2352.0261.034.9
Rubber BlackEBITDA2017/271.052.036.5
Rubber BlackEBIT2017/254.034.058.81
Specialist BlackSales Revenue2017/2162.0145.011.7
Specialist BlackEBITDA2017/244.847.7-6.1
Specialist BlackEBIT2017/236.239.4-8.22

1 $20MM increase YOY driven by higher unit margins and volumes from 2017 customer agreements and improved demand in China.

2 EBIT impacted by lower unit margins from higher feedstock costs and higher fixed costs.


April (2017)

Jiangxi Black Cat Carbon Black: 2016 FY and Q4 Results  Link...

Jiangxi Black Cat Carbon Black (JBC) are the leading domestic furnace carbon black producer in China. JBC have also recently invested in precipitated silica production and are in the early phases of growth in this segment.

Jiangxi Black Cat Carbon Black: CNY Millions

SegmentParameterPeriod20162015YoY, %Notes
All SegmentsSales Revenue2016/41305.41203.78.4
All SegmentsNet Margin2016/498.3.243110.5
Carbon BlackSales Revenue20163680.74089.0-10.0
Carbon BlackGross Margin2016649.8630.63.0
Carbon BlackSales Revenue2016/2H2032.41951.64.1
Carbon BlackGross Margin2016/2H438.4312.140.5
Precipitated SilicaSales Revenue201684.165.428.7
Precipitated SilicaGross Margin2016-8.3-11.6-28.0
Precipitated SilicaSales Revenue2016/445.533.735.1
Precipitated SilicaGross Margin2016/4-3.8.4-1131.5

2016/4Domestic prices bottomed out with over supply featuring in first half. In the second half state reform of upstream industries (coal and steel) along with stricter environmental controls in the carbon black industry have reduced the number of players and have helped to balance supply and demand thereby improving profitability.


Longxing Chemical Stock: 2016 Full Year Results  Link...

Longxing Chemical Stock are one of the leading furnace carbon black producers in China. Longxing have also branched out into precipitated silica production and are in the early phases of market development for this product.

Longxing Chemical Stock: CNY Millions

SegmentParameterPeriod20162015YoY, %Notes
Carbon BlackSales Revenue20161622.01567.03.5
Carbon BlackGross Margin2016307.1197.555.5
Precipitated SilicaSales Revenue201679.965.422.0
Precipitated SilicaGross Margin201623.415.452.3

2016 notes:Longxing report improved domestic furnace carbon black market conditions, especially in the second half of 2016. This has resulted from state driven changes in efficiency and environmental legislation leading to the closure of obsolete production facilities. There has also been an improvement in domestic tire market production.


March (2017)

China Synthetic Rubber Corporation: 2016 Full Year Results  Link...

China Synthetic Rubber Corporation (CSRC) manufacture furnace carbon black, biotech and electronic products. Rubber Chemical Consultants Ltd tracks the Carbon Black segment which accounts for approximately two thirds of CSRC's total sales revenue (2016). Currency values reported in: Millions of TWD

SegmentParameterPeriod20162015YoY, %Notes
Carbon BlackSales Revenue201610606.612382.0-14.3
Carbon BlackEBIT2016-108.4-582.081.4


Birla: Announces Joint Development of Nanocellulose with American Process Inc  Link...

American Process Inc. (API) (Atlanta, GA) and Aditya Birla Group’s, Birla Carbon (Marietta, GA) recently signed a Joint Development Agreement to further explore the technical and business potential of combining carbon black and nanocellulose to improve the performance and sustainability profile of tires.


Cabot Corporation: Investing in Elastomer Composites  Link...

Cabot is investing to expand its manufacturing capabilities for elastomer composites at its Port Dickson site in Malaysia and to create a dedicated elsatomer composites team focusing on OTR tires, rubber track and mining applications.


February (2017)

Orion Engineered Carbons: 2016 Q4 and Full Year Results  Link...

Full Year - All Segments: adjEBITDA 222.8 MM€ a 6.7% increase over 2015. Net Margin 44.6 MM€ a 3.9% increase over 2015. Sales volume increased by 8.9% YOY.

Q4 - All Segments: adjEBITDA 55.6 MM€ a 9.4% increase YOY. Net margin 18.6 MM€ versus prior year of 1.5 MM€. Sales volume increased 6.5% YOY.


RCCL Industry Analysis:

Analysis Snippet: Orion Engineered Carbons (OEC)

The figure provides quarterly ratios for adjEBITDA and gross margin as a percentage of sales. These ratios are useful for comparison of performance with similar companies (see MRT Carbon Black Industry and Market Report 2017 for more details).

Adjusted EBITDA (removing one-off expenses) and gross margin data indicate improving financial performance. It is necessary to dig deeper into the numbers to determine the longevity of this performance - further insight will be provided in the near future when all the numbers are available.


orion engineered carbons 2016 FY

Cabot Corporation: 2017 Q1 Results  Link...

Carbon Black Rubber: EBIT at 40 MM$ increased 54% YOY and decreased 4.8% QOQ. Sales revenue increased YOY by 4.1% to 300 MM$ and increased 5.1% QOQ. Volumes improved YOY in both the Americas and in China and pricing together with a favourable customer and regional mix improved margin.

Performance Segment: EBIT decreased by 2% YOY and 15.5% QOQ to 49 MM$. Sales revenue was flat YOY and down 4.2% QOQ to 207 MM$. Segment volumes increased YOY by 1% in speciality carbons, margins were lower due to unfavourable product mix and increased maintenance costs.


Cabot Corporation: 2016 FY Results  Link...

Carbon Black Rubber: Sales revenue decreased by 26.5% YOY from 1507 MM$ to 1108 MM$ with a 2% sales volume decrease. EBIT decreased by 4.2% from 143 MM$ to 137 MM$.

Performance Segment: Sales revenue decreased by 8.2% from 630 MM$ to 578 MM$, while volumes increased. EBIT increased by 26.4% from 178 MM$ to 225 MM$.

Cabot continue to push business and process efficiencies. A cost reduction program of 50 $MM was surpassed in 2016, savings resulting from a range of business adjustments including sales costs, research and development costs, realignment of assets and reduced maintenance costs.


January (2017)

Phillips Carbon Black Limited: 2016 Q3 Results (Unaudited)  Link...

Carbon Black: Sales revenue up 5.5% QoQ from 4898.9 to 5187.0 MM INR. EBIT up 10.5% from 419.6 to 463.5 MM INR.

Power Generation: Sales revenue down 8.3% QoQ from 354.9 to 325.4 MM INR. EBIT down 2.7% from 228.6 to 222.4 MM INR.

All Segments: Net margin increased QoQ by 15% from 151.8 to 174.7 MM INR.

2016 figures continue to see improvements over 2015.


November (2016)

Phillips Carbon Black Limited: 2016 First Half Results (Unaudited)  Link...

Carbon Black: Sales revenue down 11% from 10625.6 to 9457.7 MM INR. EBIT up 42% from 503.1 to 715.3 MM INR.

Power Generation: Sales revenue up 16.6% from 603.3 to 704.4 MM INR. EBIT up 17% from 404.4 to 473.2 MM INR.

All Segments: Net margin increased by 383% from 71 to 272 MM INR.


RCCL Industry Analysis:

Analysis Snippet: Phillips Carbon Black Ltd (PCBL)

The figure below shows the quarterly (unaudited results) for PCBL's carbon black segment. The data has been reconfigured to the conventional calender year and shows carbon black sales revenue and EBIT values.

The impact of Chinese imports on the domestic Indian market combined with poor global market conditions is clearly shown for the years 2012 and 2013 where constant sales revenue at equal or higher sales volume has led to poor EBIT performance.

PCBL has made efforts to overcome these issues by looking at improving direct costs via process efficiencies and local feedstock sourcing as well as improving the product mix towards higher value goods. There is a clear improvement trend in EBIT for the carbon black segment from 2014 onwards, this reflects PCBL's efforts in these areas.

More extensive analysis of PCBL and other carbon black manufacturers is available from MRT by arrangement.


phillips carbon black q2 2016

Orion Engineered Carbons: Consolidating Production in South Korea  Link...

Orion Engineered Carbons have outlined their intention to streamline production in South Korea by closing their facility in Buyong and consolidating production in Yeosu. During this process the product mix is being shifted to speciality business and more profitable products for rubber mechanical goods and technical tire products. This process is likelyto be complete by mid 2018 and results from pressures of high labour costs, the costs and availability of raw material feedstocks and the need to improve productivity.


Orion Engineered Carbons: 2016 Q3 Results  Link...

All Segments: YOY volume increase of 7.3% with increases in both segments. Sales revenue decreased YOY due to lower feedstock costs being passed on to customers. Net margin resulted in a loss of -3.8 MM€ versus as profit of 12.1 MM€ in 2015, this was the result of restructuring the rubber business with the closure of the plant in Ambes, France.


RCCL Industry Analysis:

Analysis Snippet: Orion Engineered Carbons (OEC)

The figure below shows information for the rubber segment. The average selling price is compared with the gross margin and adjEBITDA values per metric tonne (this assumes that sales volume matches production volume). There is clearly a steady decline is average selling price, this is driven by changes in variable costs due to the reduction in oil price and also current market conditions. The gross margin (revenue minus direct production costs) indicates production efficiencies and ability to pass on variable cost changes to the final consumer. It can be seen that this varies over the time period as OEC makes necessary production and contract changes to maintain an adequate level (this has included closing less efficient plants as well as adjustments to pricing and contracts). The adjusted EBITDA per MT used in conjunction with the gross margin per MT indicates the efficiencies of the non-production aspects of the operation. The level of adjusted EBITDA is fairly constant up to Q2 2015, after this period there are some impacts from re-organisation and realignment of the business.


orion engineered carbons q2 2016

Tokai Carbon Co., Ltd: 2016 Q3 Results  Link...

Carbon Black: Cummulative sales revenue down 23.9% YOY to 27805 MM JPY.

Carbon Black: Operating income up 177.4% on same period previous year.

Selling prices are still surpressed partially due to low crude prices and also due to lower domestic tire production. Operating income has improved due to cost efficiencies in foreign operations.

Q2 2016 results and notes indicate an impairment charge for the closure of a carbon black production line confirmed to be Tianjin in Q3 financial statement.


October (2016)

Cabot Corporation: 2016 Q4 Results  Link...

Carbon Black Rubber: Improved YOY EBIT of 42 MM$ vs 31 MMS resulting from contract mix and spot pricing. Volumes reduced in Asia due to closure of Merak plant in Indonesia, with some volume contraction in EMEA as well. Significant cost reductions were delivered during FY 2016 with strengthened focus on industrial products.

Carbon Black Speciality: Improvements in margins were gained from reductions in fixed costs, lower feedstock costs and improved price and product mix. YOY EBIT increased from 63 MM$ to 69 MM$.


Jiangxi Black Cat: 2016 Q3 Results  Link...

All Segments: YOY income increased by 4% with an increase in margin from 17.9 to 52.9 MM Yuan. QOQ income increased by 4% with marin increasing from 7.6 MM to 52.9 MM Yuan.


Longxing Chemical Stock: 2016 Q3 Results  Link...

All Segments: YOY income increased 17% with an increase in margin from a loss of -13.3 MM Yuan to +24.3 MM Yuan. QOQ income increased 12% with an 83% improvement in margin.


Birla: Columbian Chemicals Jining Co Ltd Completion Due Early 2017  Link...

Phase one of Birla's Columbian Chemical Jining greenfield plant is now due for completion early 2017.


September (2016)

Cabot Corporation: Expanding Weather Strip Products for Asia  Link...

Cabot have expanded their specialist weatherstrip product offerings in the Asia region. These include Spheron 5000A, Spheron VHA and Sterling SO-1.


Orion Engineered Carbons: Price Increases for Rubber Grades Produced in South Korea  Link...

October 6, 2016 – Orion Engineered Carbons announced today that effective with shipments beginning December 1, 2016, it will implement base price increases of up to 9% on all Rubber Black grades made in South Korea and sold in the Asia-Pacific market.


Orion Engineered Carbons: Line Conversion in Korea from Tire Grade to Technical Grades  Link...

October 6, 2016 – Orion Engineered Carbons announced today that it will convert a tire grade carbon black production line at its plant in Yeosu, South Korea, to specialty and technical rubber products. This action will impact approximately 20 kilotons of carbon black


RCCL Industry Analysis:

Analysis Snippet: Orion Engineered Carbons

This move is in line with Orion’s well publicised strategy to move to higher value products. Orion have ‘repurposed’ a number of production lines in different regions as well as closing non-strategic plants since the change in ownership from Evonik in 2011. The full impact of ‘repurposing’ needs careful consideration as this is not typically a clean break from standard production but a means to move to higher value goods.

MRT has analysed the global capability of both Orion and Birla with regard to the specialist rubber goods segment - further analysis is available via arrangement.


August (2016)

Jiangxi Black Cat: 2016 Q2 Results  Link...

All Segments: YOY income down 15% and margin down 57%. QOQ income up 24% and margin up to +7.6 MM Yuan from -64.7 MM Yuan in the first quarter.

First half: Net loss of -57.1 MM Yuan versus 2015 first half profit of 42.3 MM Yuan.


RCCL Industry Analysis:

Analysis Snippet: Jiangxi Black Cat Carbon Black

The figure below inidicates the current issue for Chinese carbon black manufacturers. Direct costs (all costs associated with manufacture of the product) are compared with sales revenue and sales volume. It can be seen that sales revenue and direct costs are converging in the period 2014 Q4 to 2016 Q2 while the sales volume has remained flat. This indicates that the balance of direct costs and selling price is less favourable to margin generation resulting from differences in regional feedstock pricing (due to different feedstock mixes) and market pressures (over supply in China and slow down of demand in other regions).

Given the current circumstances, the reduced gross margin for suppliers such as Black Cat will lead to internal pressures to reduce both direct and indirect costs.


black cat financials q2 2016

Longxing Chemical Stock: 2016 Q2 Results  Link...

All Segments: YOY 7% reduction in income with marin increase to +13.2 MM Yuan from -9.7 MM Yuan. QOQ 25% increase in income with marking inread to 13.2 MM Yuan from -22.8 MM Yuan.


China Synthetic Rubber Corp: 2016 1H Results  Link...

Carbon Black Segment: YOY sales revenue is down 23.7% from 6730 MM NT to 5132 MM NT, EBITDA has dropped 64.8% from 145 MM NT to 51 MM NT.

Carbon Black Rubber: Sales volumes have increased YOY with significant gains in China. China Synthetic Rubber continues its focus on efficiency, product mix, export opportunities and variable cost control.


Phillips Carbon Black Limited: 2016 Q1 Results (Unaudited)  Link...

Carbon Black: YOY sales revenue down by 11.2% from 5134.3 to 4558.8 MM INR. EBIT up by 42.5% from 207.4 to 295.7 MM INR.

Power Generation: YOY sales revenue up by 5.7% from 329.6 t0 348.5 MM INR. EBIT up by 4.0% from 235.0 to 244.6 MM INR.

All Segments: YOY net margin increased 461% from 62.1 to 286.3 MM INR.


Omsk Carbon Group: New Production Line Started at Volgograd Plant  Link...

Omsk Carbon Group has started a new 40 kMT production line at their Omsk Volgograd plant. This increases the overall plant capacity to 200 kMT.


Orion Engineered Carbons: 2016 Q2 Results  Link...

All Segments: Volumes increased 12.2% YOY with increases in both segments with an organic growth of 6.5%. Profit increased YOY from 14.6 MM€ tp 16.5 MM€.


Tokai Carbon Co., Ltd: 2016 Q2 Results  Link...

Carbon Black: Cummulative net sales revenue decreased 26.9% YOY to 18297 MM JPY

Carbon Black: Cummulative operating income increased 188% YOY to 1892 MM JPY

The sales revenue decrease was partly due to revision of domestic prices due to ongoing decline in raw material costs. Operating income increased due to margin improvements from cost reductions at overseas subsidiaries.

Domestic tire production remained lower than the previous year and competition with Chinese imports intensified especially in Thailand.

The groups T-2018 plan is looking to reduce production capacity and shift to higher value goods especially in China.


July (2016)

Cabot Corporation: 2016 Q3 Results  Link...

Carbon Black Rubber: Volumes reduced 2% YOY due to lower demand in Asia. Cost savings initiatives have reduced fixed costs. YOY EBIT increased to 35 MM$ from 32 MM$.

Carbon Black Speciality: 3% YOY volume increase with stronger margings giveing YOY EBIT increase to 59 MM$ form 48 MM$.


Orion Engineered Carbons: Speciality Carbon Black Price Increases  Link...

KINGWOOD, Texas, July 19, 2016 – Orion Engineered Carbons announced today that beginning September 1, 2016, Orion will implement selective price increases ranging from 5% to 8% for Specialty Carbon Black grade


Cabot Corporation: Rasing speciality carbon prices globally  Link...

Cabot corporation will increase speciality carbon black prices by up to 6% globally, this move being independent of raw material price adjustments. The increases will be effective 1st August.


June (2016)

Cabot Corporation: Price increases for rubber grade carbon blacks  Link...

Cabot corporation has announced price a $50/MT or 5% price increase on all of its reinforcement material products in North America as of July 15th. The price increases are a result of increasing manufacturing costs related to regulatory compliance and logistics.


Orion Engineered Carbons: Consultations for Potential Closure of French, Ambes Facility  Link...

Consultations have begun at the Ambes facility in France looking at the potential closure of the plant.


May (2016)

Orion Engineered Carbons: New Furnace Carbon Blacks for Tire Fuel Efficiency  Link...

KINGWOOD, Texas, May 26, 2016 – Orion Engineered Carbons has three new Rubber Carbon Black products for creating more fuel efficient tires in response to consumer demand and federal standards for vehicle fuel economy. These grades offer reduction in rolling resistance via narrow particle size distributions and lower sidewall hysteresis; and lower air permeation through the inner liner for better tire inflation consistency


Orion Engineered Carbons: Price Increases of Rubber Carbon Black - North America  Link...

KINGWOOD, Texas, May 25, 2016 – Orion Engineered Carbons LLC announced today that effective with shipments beginning July 1, 2016, Orion is increasing prices on all Rubber Black grades sold by its Rubber Carbon Black Business Line in North America. Price increases are due to operating expenses and the cost required to meet more stringent customer quality standards, invoice prices for Rubber Carbon Blacks will be adjusted by 6%, to the extent in line with existent contracts and agreements. These invoice price changes will apply besides respective raw material adjustments. Orion will also change its standard packaging surcharges effective July 1, 2016. Further adjustments may be implemented for certain special Rubber Black grades on an individual basis.


Sid Richardson: Price Increases from July 1, 2016  Link...

Sid Richardson is raising prices between 4 and 6 percent effective from July1, 2016 or as contracts allow.


Orion Engineered Carbons: 2016 Q1 Results  Link...

Volumes up 9.9% versus YOY quarter, revenue down by 44.1 million Euro versus YOY quarter. Strong performance in speciality carbon black and difficult market conditions in the rubber black business. Focus is on moving to higher value added products, such as technical rubber goods while improving efficiency in tire carbon blacks and addressing feedstock pricing issues via dialogue with customers.


Phillips Carbon Black Limited: 2015 FY Results  Link...

Carbon Black: YOY sales volume increased by 9% and sales revenue decreased by 23.1%. Variable costs decreased by 31% which combined with increased sales volume led to an improved EBITDA which increased by 9.8%.

Power Generation: Sales value increased from 69 MM INR to 76 MM INR.


Omsktechuglrod: Omsk Carbon Group (OCG) Announce Change in Product Prices  Link...

OCG are announcing price increases for the first time since start of their cooperation: During 2015 and 2016 OCG has been faced with a permanent negative pressure on the company economics, caused by the difference between the changes in prices based on formulas agreed on with our customers and the changes in the actual prices for raw materials. In order to maintain the economic stability of our company as well as our long-term strategy, which is based on providing new opportunities to our customers, OCG would like to announce an increase in prices for all carbon blacks: 1, 2-Series – 60 Euro/mt; 68 USD/mt; 4,532 RUB/mt; 3-Series – 45 Euro/mt; 51 USD/mt; 3,399 RUB/mt; 5, 6, 7-Series – 40 Euro/mt; 46 USD/mt; 3,022 RUB/mt. The changes are effective for shipments of products from 2 production facilities (in Omsk and Volgograd) starting June 1, 2016.


Tokai Carbon Co., Ltd: 2016 Q1 Results  Link...

Carbon Black: Net sales revenue decreased 27.3% YOY to 9487 MM JPY

Carbon Black: Operating income increased 188% YOY to 1117 MM JPY

The sales revenue decrease was due to revision of domestic prices due to ongoing decline in raw material costs. Operating income increased due to margin improvements.

Domestic tire production reduced against expectations and competition with Chinese imports intensified especially in Thailand.

The groups new T-2018 plan is looking to optimise Asian and domestic carbon black production as well explore new markets.


Orion Engineered Carbons: 2016 Q1 Results  Link...

All Segments: QOQ revenue decreased by 44 MM€ due to index linked customer pricing. YOY volumes increased in both segments with a 9.9% increase in total. Speciality blacks peformed with a YOY 6.4% Adj EBITDA increase to 35.5% resulting from volume increase, lower material costs and an improved price versus material cost ratio. Net profit was down QOQ 13.4 MM€ vs 14.8 MM€ due to the impact of restructuring expense.


Cabot Corporation: 2016 Q2 Results  Link...

Carbon Black Rubber: Volumes reduced 1% YOY, unit margins increased due to product mix with feedstock impacts moderating.

Carbon Black Speciality: Volumes increased YOY with improved margins. Fixed costs have improved YOY and there is a drive to penetrate higher value product markets.


April (2016)

Longxing Chemical Stock: 2016 Q1 Results  Link...

All Segments: YOY income reduced by 11% and net marging reduced from -8.7 to - 22.8 MM Yuan. QOQ income dropped by 8% and margin improved from a loss of - 65 MM to -22.8 MM Yuan.


Jiangxi Black Cat: 2016 Q1 Results  Link...

All Segments: YOY Income down 29% (869 vs 1217 MM Yuan) and net loss of -64.7 MM Yuan vs 7.9 MM Yuan profit in the previous Q1.

QOQ Income down 28% and margin dropped from a profit of 36.3 to a loss of -64.7 MM Yuan.


Thai Carbon Black: 2015 FY Results  Link...

All Segments (consolidated): EBIT reduced by 3.9% on increased YOY sales of 6.9%, cost of sales reduced by 17.8%.


Cabot Corporation: Price Increases for Reinforcement Products in EMEA  Link...

Cabot is increasing prices on all its carbon black products in the reinforcement segment within EMEA as of 1st May. Price adjustments of between 60 and 90 Euro/MT will be applied in addition to feedstock index related adjustments.


Longxing Chemical Stock: 2015 FY Results  Link...

Carbon Black: Sales revenue dropped by 28.7% and net profit was -8.2 MM RMB which is a decrease of 650% YOY. Market pressures on export business led to a drop in export volumes with higher domestic volume at reduced prices.


China Synthetic Rubber Corp: 2015 FY Results  Link...

Carbon Black Segment: YOY sales were down 30.4% from 17798 MM NT to 12382 MM NT with EBITDA dropping by 85.6% from 347 MM NT to 50 MM NT.

China Synthetic Rubber have implemented a rejuvenation program starting late 2014 with implementation through 2015 and beyond. This program is looking at product mix, export opportunities and variabl cost control amongst others


March (2016)

Tokai Carbon Co., Ltd: 2015 FY Results  Link...

Carbon Black: Sales revenue decreased by 15.7% YOY, income decreased by 53.6% YOY.

The sales revenue decrease was due to revision of domestic prices due to ongoing decline in raw material costs. Operating income increased due to margin improvements.

Domestic tire production reduced against expectations and competition with Chinese imports intensified especially in Thailand.

The groups new T-2018 plan is looking to optimise Asian and domestic carbon black production as well explore new markets.


Birla: Restructuring of Europe & Africa Region  Link...

Birla Carbon announces plans to restructure operations in the Europe & Africa Region. The plan includes the proposed closure of the Hannover, Germany plant; permanent closure of one production line in the Alexandria, Egypt plant; and a significant reduction of regional corporate personnel. Restructuring activities will begin immediately and are expected to be finalised by end of 2016.


Jiangxi Black Cat: 2015 FY Results  Link...

Feedstock price differentials reversed the historic benefit for Chinese carbon black manfuacturers leading to pricing pressures and unfavourable economics for export. The domestic over supply situation gave significant pricing pressure with product prices declining faster than the reduction in feedstock price leading to reduced margins.

Production was 985 kMT with sales of 1022 kMT and a sales revenue of 477.5 MMM RMB (down 22.6%) with profit of 1.7 MM RMB (down 82%).


Omsktechuglrod: OMSK Carbon Setting Up Distribution Centre, Sumter, SC  Link...

OMSK Carbon Group is planning to set up a distribution location in the 117,865-square-foot former Alstrom building in the Interstate 20 Industrial Park in Bishopville, Sumter, South Carolina. The facility should be operational by the end of April this year.


Kemya Sabic/Exxon JV: Start Production at Al-Jubail Carbon Black Plant  Link...

Kemya, a JV between Sabic, ExxonMobil and Continental Carbon have started production at their 50 kMTpa plant in Al-Jubail.


Orion Engineered Carbons: 2015 FY Results  Link...

All Segments: YOY revenue decreased by 206.6 MM€ (15.7%) due primarily to pass on of lower feedstock costs due to contracted sales with some minor impact from product mix. Volume increased by 44.3 kMT (4.5%) primarily due to increases in volumes of speciality products in Europe and Asia. Lower cost of sales relative to revenue for all segments gave a postive impact on profit. Gross profit increased by 19.2 MM€ (6.4%) to 301.1 MM€.


February (2016)

Orion Engineered Carbons: Introduce Oil Index Surcharge for European Rubber Carbon Black  Link...

Orion Engineered Carbons have introduced an oil index surcharge in response to conintued volatility in the energy markets. The surcharge will supplement existing formula based price agreements.


Birla: Studying Energy Optimisation at Spanish Facility  Link...

Columbian Carbon Spain is looking at investing in the region of 10 million Euro in an energy optimisation project.


Cabot Corporation: 2016 Q1 Results  Link...

Carbon Black Rubber: YOY EBIT decreased by 27 MM$ due to lower unit margins from 2015 contract pricing, feedstock pressures and lower energy benefits. YOY volumes decreased by 2% due to lower contract volumes in North America and lower demand in China.

Carbon Black Speciality: YOY EBIT increased by 11 MM$ due to improved margins from lower raw material costs and 7% increases in volumes.


January (2016)

Phillips Carbon Black Limited: 2015 Q3 Results  Link...

Carbon Black: YOY revenue down 25.5%, EBIT up 29%. QOQ revenue down 10%, EBIT down 1%.

Power Generation: YOY revenue down 7.9%, EBIT down 9.8%. QOQ revenue flat, EBIT up 4.7%.


Omsktechuglrod: Belarus Start Up Planned for Second Half of 2016  Link...

Production is planned to start in the second half of 2016.


November (2015)

Orion Engineered Carbons: HB Chemical to Distribute Orion Engineered Carbons Products  Link...

KINGWOOD, Texas, Nov. 24, 2015 – Orion Engineered Carbons LLC and HB Chemical Corporation have signed a letter of intent to establish HB Chemical as a distributor for Orion Rubber Carbon Black products in North America. The companies expect to finalize the arrangement in the next 30 days.


Tokai Group: Growing Presence in North America  Link...

Tokai Carbon plans to grow its presence in North America for furnace carbon black utilising the recently acquired Cancarb warehousing and consumer base as a growth catalyst.


October (2015)

Cabot Corporation: Restructuring Plan  Link...

Cabot announced its intention to restructure its operations with anticipated cost savings of approximately $50 million in fiscal 2016 as compared to fiscal 2015. As proposed, the plan would result in the reduction of approximately 300 positions globally and the savings are expected to begin in the second quarter of fiscal 2016.


Orion Engineered Carbons: Acquires Evonik & DEG Shares in Qingdao Evonik Chemical Co  Link...

Orion Engineered Carbons S.A. (Orion) (NYSE: OEC) and Evonik Industries AG (Evonik) today announced agreements on transactions where Orion will acquire Evonik’s 52% percent stake as well as Deutsche Investitions- und Entwicklungsgesellschaft mbH’s (DEG) 15% stake in Qingdao Evonik Chemical Co., Ltd. (QECC).


Orion Engineered Carbons: Introduces New Rubber Carbon Blacks to Improve Fuel Efficiency & Tread Performance  Link...

KINGWOOD, Texas, Oct. 1, 2015 – At the International Elastomer Conference in Cleveland October 12 to 15, Orion Engineered Carbons (Booth 1348) will introduce to the U.S. market two new rubber Carbon Blacks designed to reduce rolling resistance thereby increasing fuel efficiency in truck tire carcass compounds. ECORAX® S 204 and ECORAX® S 206 are targeted for new generations of tire designs to help meet increased EPA fuel economy targets for passenger cars and support the SmartWay technology program for trucks.


Orion Engineered Carbons: Introduces SABLE Line - Clean Carbon Blacks for Extrusion  Link...

Orion will introduce the latest additions to its SABLE(TM) line of clean Carbon Blacks for extrusion and high quality molding applications. New SABLE(TM) HS 6600, SABLE(TM) HS 7720 and SABLE(TM) HS 7740 grades allow rubber compounders to fine-tune properties to meet critical customer requirements.


Hami Dolphin Technology: Started Construction of Speciality Carbon Black Plant  Link...

Hami Dolphin Technology, Xinjiang China has started construction of a 10kMTpa specialty carbon black plant.


September (2015)

Cabot: Increases Prices for Specialty Carbons Globally  Link...

Effective September 17, 2015, or as contracts allow, Cabot Corporation will increase prices, up to 6 percent globally, for specialty carbon products. This price increase is required due to escalating operating, logistics, currency devaluation and environmental compliance costs.


August (2015)

Birla: Announce Carbon Black Price Increases  Link...

Birla Carbon, effective globally as of October 1, 2015, will increase prices for all carbon blacks by up to 9% depending on the product. All shipments made on or after this date are subject to the price increase. This measure is necessary to ensure the sustainability of the business, and to make continued investment in processes and products possible.


Orion Engineered Carbons: Increasing price of speciality carbon blacks  Link...

KINGWOOD, Texas, Aug. 21, 2015 – Orion Engineered Carbons is announcing price increases of up to 8% on its Specialty Carbon Blacks effective October 1st, 2015. These price increases will allow Orion to maintain the service level and supply of high quality Specialty Carbon Blacks to its customers worldwide. Orion is committed to an ongoing review of costs and market issues and will inform customers regularly of changes


Orion Engineered Carbons: Increasing price of rubber carbon blacks  Link...

KINGWOOD, Texas, Aug. 6, 2015 – Orion Engineered Carbons announced today that effective with shipments beginning September 15, 2015, Orion is increasing prices on all carbon blacks sold by its Rubber Carbon Black Business Line segment. Additional increases (above applicable raw material adjustments) range from 6% in North America to 12% in South America.


July (2015)

Cabot: New Series of Low PAH Carbon Blacks for Rubber Applications  Link...

Boston, Massachusetts – Cabot Corporation has announced the launch of a new series of low polycyclic aromatic hydrocarbon (PAH) carbon black products for rubber product applications. The Cabot LP carbon black series is engineered to meet customers’ requirements for end-use product performance while reducing the PAH concentration to help customers comply with new regulations and quality certifications. The series includes three products covering N200, N500 and N700 variants.


Cabot: Increase Prices Globally for Carbon Black Used in Tire and Industrial Rubber Products Applications  Link...

Effective as of September 1, 2015, or as customer contracts allow, Cabot Corporation is increasing prices globally on all carbon black products in its Reinforcement Materials segment. In most regions, carbon black producers utilize oil-derived feedstocks that are specifically selected for the production of carbon black. Historically, certain fuel oil indices have been used as a proxy for the cost of these feedstocks, and Cabot’s costs have typically tracked to these indices over time. However, the actual costs of carbon black feedstocks relative to fuel oil indices have been rising. This widening difference between the indices and actual costs has persisted since early this year, and is forecasted to continue into the future.


March (2015)

China Synthetic Rubber Corporation: Continental Carbon Company, USEPA Reach Agreement on Plant  Link...

Continental Carbon Company has reached a $98 million settlement with the U.S. Environmental Protection Agency (USEPA) and the U.S. Department of Justice to implement a series of plant improvements designed to reduce air emissions from its three U.S. plants. Continental Carbon Company, which is headquartered in Houston, Texas, has agreed to establish lower emissions levels at its carbon black manufacturing facilities in Phenix City, Ala; Ponca City, Okla.; and Sunray, Texas. The company will install additional air quality control equipment in stages at each of these facilities during the next six years. This initiative is the result of diligent and cooperative efforts with the USEPA during the past several years as part of the USEPA’s national enforcement initiative aimed at reducing emissions from chemical and petrochemical sources.


February (2015)

Birla: Establishes a greenfield carbon black production plant in Shandong, China  Link...

Birla Carbon, part of the Aditya Birla Group, is one of the largest producers of carbon black globally with 17 plants. With the goal of continuing to grow its business, Birla Carbon proposes to establish a greenfield carbon black production plant, Columbian Chemicals (Jining), 5 km to the north of Jining City, Shandong province, China. The plant will be constructed in two phases i.e., phase 1 with a capacity of 120,000 ton per year expected to become operational in the middle of 2016, and phase 2 with an incremental capacity of 120,000 tons expected to come into operation 2-3 years after completion of phase 1.


January (2015)

Cabot: Announces Realignment of Business Reporting Segments  Link...

BOSTON--(BUSINESS WIRE)--Jan. 20, 2015-- Cabot Corporation (NYSE: CBT) announced today that it has realigned its global business segments. The new segment structure is designed to improve efficiency and resource prioritization. It will also enable stronger customer focus and better align with the recently announced organizational structure. The company is organized into four segments that now include Reinforcement Materials, Performance Chemicals, Specialty Fluids and Purification Solutions. The Reinforcement Materials segment now combines the rubber blacks and elastomer composites product lines. This segment’s main objective is to serve the tire and industrial rubber industries. The Performance Chemicals segment now combines the specialty carbons and compounds, and inkjet colorants product lines into the Specialty Carbons and Formulations business, and combines the fumed metal oxides and aerogel product lines into the Metal Oxides business. This new structure better leverages Cabot’s global activities across common customer applications, production, and research and development. The Specialty Fluids business will now be a stand-alone reporting segment. Finally, there is no change to the Purification Solutions segment, which includes the Cabot Norit Activated Carbon business.


Hyundai Oilbank: JV for Carbon Black Plant, South Korea  Link...

Anounced that a JV has been established with a Frankfurt based German Company to build a160 kMTpa carbon black plant in Seosan, South Korea.


Birla: Mothball Production Line 1  Link...

Per 2014 Annual Report: Production line 1 has been mothballed with a nett reduction in plant volume of 35 kMTpa.


November (2014)

OCI Group: To construct coal tar refinery plant in Anhui Province, China  Link...

OCI will construct a large-scale coal tar refinery in China to accelerate its progress into the Chinese market. OCI (CEO Woo-Hyun Lee) held a cornerstone ceremony for Ma Steel-OCI Chemical Co., Ltd. in the Coal Chemical Industrial Complex in the city of Maanshan in Anhui Province on December 20. The new plant OCI (equity 60%) and Maanshan Iron & Steel Group are going to build will refine 350,000 tons of coal tar annually. Their newly established company plans to refine coal tar which Maanshan Iron & Steel Group offers, produce chemical products including pitch, carbon black oil, and naphthalene, supply them nearby, and sell them overseas. In 2000, OCI made inroads into the coal chemical market in earnest and is now operating a coal tar refinery and coal chemical industry that produces 450,000 tons per year, focusing on factories in Pohang and Gwangyang. In 2008, OCI built a plant in China, Shandong OCI, and is successfully running the coal tar refinery, which produces 380,000 tons per year. With the completion of the Ma Steel-OCI Chemical factory, OCI will have secured the world’s second-largest refinement ability of not less than a total of 1.18 million tons. This factory will initiate a commercial production from April 2016 and is expected to accomplish sales of 200 billion won if operated at full capacity.


October (2014)

Cabot: Increasing Global Prices for Masterbatch and Speciality Compounds  Link...

BOSTON – Effective November 1, 2014, or as contracts allow, Cabot Corporation (NYSE: CBT) will increase prices, up to 5 percent for black masterbatches and conductive compounds and concentrates. This price increase is required due to escalating costs of operations and regulatory compliance, as well as increased costs of carbon black and other key raw materials. The increase is necessary to ensure Cabot remains a reliable, long-term supplier of high-quality black masterbatches and specialty compounds, and ensures continued investment in new products dedicated to the plastics industry.


August (2014)

Cabot: Increases Prices for Speciality Carbons Globally  Link...

BOSTON – Effective October 1, 2014, or as contracts allow, Cabot Corporation (NYSE: CBT) will increase prices, up to 8 percent globally, for specialty carbon products. This price increase is required due to escalating operating and environmental compliance costs, as well as continued investment in technology controls necessary to comply with enhanced environmental regulations at specialty carbon plants. The increase is necessary to ensure Cabot remains a reliable, long-term supplier of high quality products and services, and ensures continued investment in new products and applications development to support customers.


July (2014)

Omsktechuglrod: Construction Started on New Carbon Black Plant in Belarus  Link...

On the 29th of July, a time capsule symbolizing commencement of the construction of a carbon black plant was buried in the Mogilev Free Economic Zone. The international project is being implemented by Omsk Carbon Group. Business people and officials from the two countries took part in a ceremony marking the beginning of creating the high-tech carbon black production facilities with the capacity of 120,000 tons per year.


June (2014)

Phillips Carbon Black Ltd: Potential New Build In Egypt  Link...

London - Indian group RP-Sanjiv Goenka Group plans to build a $170 million carbon black plant in Alexandria, according to a report from Middle East news and information service Zawya. Citing comments from a board member at the Egyptian Indian Polyester Co. (EIPC), the report said the facility at Borg El Arab, Alexandria would have an initial capacity of 140 kilotonnes per annum.


March (2014)

Boxer Industries: Redwood Project  Link...

Boxer Industries have acquired a 3 year lease for land to intiate a pilot plant producing carbon black from natural gas.


Jiangxi Black Cat Carbon Black Co., Ltd: Stage 1 of Jining Plant Completed  Link...

Hamburg, Germany – Lehmann & Voss announced that its Luvomaxx range’s partner JiangXi Black Cat has opened its eighth production facility for furnace black and carbon black in Jining, Shandong province, China. The new plant in Jining commenced production in mid-March 2014 initially with two lines each producing 40 kilotonnes (kt) of reinforcing furnace black. An additional line for reinforcing and another for semi-reinforcing carbon black are set to be added by the end of 2014. When investment is complete, the plan is to operate a total of four lines at 40 kt of active carbon black and one line at 40 kt of semi-active carbon black, giving a total capacity of 200,000 tonnes. The “largest manufacturer of furnace black“ in China will then have an overall capacity of 1.09m tonnes and “should therefore occupy at least the number four position in the world rankings“.


February (2014)

Cabot: Announce PROPEL E7 and PROPEL D11 for tire tread applications.  Link...

These new grades are morphologically engineered to achieve balances in wear and rolling resistance.


December (2013)

Cabot: Annual Report 2013  Link...

The financial performance of the activated carbon segment was a disappointment in 2013 ($50MM EBITDA). Completed the construction of new carbon black plant in Xingtai, China. Acquired the remaining stake in NHUMO carbon black joint venture in Mexico. Opened a new plastics development lab in Shanghai. Launched Commercial Excellence initiative (customer needs versus company capabilities and resources). Closed manufacturing operations at carbon black joint venture in Port Dickson, Malaysia. In November 2013, Cabot entered into a Consent Decree with the US EPA.


Orion Engineered Carbons: Ceasing Production at Sines Portugal  Link...

Frankfurt, Germany − Following a review of its European carbon black operations, Orion Engineered Carbons GmbH will cease production at its Sines, Portugal facility by the end of 2013 affecting immediately about 36 of the 40 positions at the plant. The press release said that the shutdown will take place while investments are being made in the company’s other carbon black plants. The restructuring investments will increase manufacturing efficiencies enabling Orion to better meet customer needs in response to today’s highly competitive environment dominated by volatile raw material and high energy costs.According to Clem, once manufacturing has ceased the plant would continue to ship carbon black products until depletion of existing stocks to fulfill existing customer commitments. After this, the site will be deactivated. Sines is a municipality located exactly in the centre of the southwest coast of Portugal, 150km from Lisbon. The facility began operations in 1983 as Carbogal Carbonos de Portugal SA owned by Petrogal [now Galp Energia]. It was purchased by Orion Engineered Carbons predecessor Degussa AG, from whom it licensed its technology, in 1997.


November (2013)

Cabot: Consent Agreement with US EPA  Link...

WASHINGTON—Cabot Corp. has agreed to pay a $975,000 civil penalty and spend more than $84 million to control air pollution at three Texas and Louisiana carbon black facilities under a consent agreement reached with the U.S. Environmental Protection Agency and the Louisiana Department of Environmental Quality. Also under the agreement, Cabot is required to spend $450,000 on energy saving and pollution projects to benefit the communities of Franklin and Villa Platte, La., and Pampa, Texas, where the carbon black plants are located, the EPA said. To be filed with the U.S. District Court for the Western District of Louisiana, the consent decree is the first to result from an EPA national enforcement initiative to bring U.S. carbon black manufacturers into compliance with the Clean Air Act's New Source Review provisions, the EPA said in a Nov. 19 news release.Between 2003 and 2009, Cabot made major modifications at its carbon black facilities without obtaining pre-construction permits or installing and operating the pollution technology required under the Clean Air Act, according to the complaint filed by the U.S. Department of Justice on behalf of the EPA. These actions caused increased emissions of nitrogen oxide and sulfur dioxide, the complaint said. The EPA expects the measures proposed in the consent agreement to reduce nitrogen oxide emissions by approximately 1,975 tons annually and sulfur oxide emissions by approximately 12,380 tons annually. They also should significantly improve particulate matter controls at the three Cabot facilities, the agency said.


October (2013)

Cabot: Vulcan XC Max Conductive Carbon Black  Link...

Cabot launched a new super conductive carbon black at this years K2013. Vulcan XC Max is designed for use in plastics applications where compounders require high conductivity at low loadings. The XC range is designed especially for wire and cable, antistatic, automotive applications and is also targeting the coating and electronics industries.


September (2013)

Phillips Carbon Black Ltd: Carbo Chem Business To Start End 2012  Link...

Phillips new carbon chem business will start end of 2012 with the new coal tar distillation plant and soft pitch plant in Orissa due for commissioning in Phillips financial year 2014.


Cabot: Completion of Xingtai Plant  Link...

Cabot Corporation and joint venture partner Risun Group have commissioned their new carbon black manufacturing facility in Xingtai, Hebei Province, China. Cabot and Risun invested approximately $140m (€106m) in the new facility, with Cabot owning a 60 percent equity interest. The partners broke ground on the new facility in April 2012. The site’s Phase I manufacturing capacity will be 130 000 tonnes of carbon black per year, increasing Cabot’s total capacity in China by 25 percent. The new plant employs advanced emissions control and energy efficiency technology with a view to minimising environmental impact reducing energy consumption.


August (2013)

OJSC Kremenchug Carbon Black Plant:   Link...

Ukrainian producer Kremenchug Carbon Black Plant now offer ultra-clean premium carbon black grades for technical rubber and automotive applications, with sieve residues below 10 ppm - this follows a joint development with PentaCarbon GmbH.


July (2013)

Asia Carbon Industries Inc: Completion of Special Carbon Black Production Line  Link...

Asia Carbon Industries have converted a line to produce specialist carbon black with higher margins.


June (2013)

Cabot: Acquires of NHUMO  Link...

Cabot Corp. plans to buy the 60-percent interest held by Grupo Kuo S.A.B. de C.V. in their Mexican carbon black production joint venture to boost its presence in North America. The specialty chemicals and performance materials producer will pay about $105 million to take full control of Nhumo S.A. de C.V.


April (2013)

Cabot: Closure of Malaysian Facility End July 2013  Link...

BOSTON--(BUSINESS WIRE)--Apr. 26, 2013-- Cabot Corporation (NYSE: CBT) announces that the Board of its joint venture carbon black company, Cabot Malaysia Sdn. Bhd. (CMSB), has decided to cease carbon black production at its Port Dickson, Malaysia, facility by the end of July 2013. Customer shipments from the plant are expected to continue for a period of time after production has been shut down. Cabot holds a 51 percent equity share in CMSB.


Birla: Corporate Reconfiguration for Hi Tech Carbon  Link...

Aditya Birla Nuvo (ABD) has said in a stock exchange filing that it will sell its carbon black business, Hi Tech Carbon, to SKI Carbon Black (another company of the Aditya Birla Group) for about €203m. The move is aimed at reducing debt.


March (2013)

Asia Carbon Industries Inc: CoGen facility complete  Link...

Asia Carbon Industries new power plant has been completed and is in the testing phase.


Omsk Carbon Group: New Plant Project Mogilev, Belarus.  Link...

Activation of Omsk Carbon Mogilev project for first phase 80kMTpa plant by 2015.


January (2013)

Suzhou Baohua Carbon Black Co. Ltd: Start of Third Phase of Expansion Program  Link...

Suzhou Baohua are entering the third phase of their expansion program. Final capacity will reach 160 kMTpa.


December (2012)

Shanxi Beifang Junwei Group: 2012 Expansion Projects Completed  Link...

Shanxi Beifany Junwei report completion of their 2012 relocation and expansion plans. This places them in a strong position for future growth based on investment in state of the art production and energy recovery equipment.


November (2012)

Himadri Chemicals: Demerging Carbon Black Unit  Link...

The new entity – Himadri e-Carbon – would be a wholly owned subsidiary of Himadri Chemicals. According to Anurag Choudhary, Chief Executive Officer, the idea of forming a separate subsidiary was primarily to bring a sharper focus on the division and help it expand. Carbon black accounts for nearly 40 per cent of the company’s turnover. Plans are afoot to expand the carbon black manufacturing capacity by over 60 per cent in two to three years.


September (2012)

Asia Carbon Industries Inc: Conversion of Dry Lines to Speciality Lines  Link...

Asia Carbon Industries announced that it will begin converting three dry production lines to speciality carbon black lines. Project is expected to be start 1st October 2012 for completion early 2013.


August (2012)

Koppers: Approval to Build Tar Distillation Plant in China  Link...

The Board of Directors of Koppers Holdings Inc. has approved the formation of a majority-owned joint venture company by its wholly-owned subsidiary, Koppers International B.V., to design and construct a tar distillation plant in partnership with Yizhou Group in Pizhou City, Jiangsu Province, China. The tar distillation facility will be part of an integrated carbon production complex comprised of three plants, including a 300,000 metric ton coal tar distillation plant and two downstream plants producing needle coke and carbon black. The downstream facilities will be owned primarily by subsidiaries of Nippon Steel Chemical Co., Ltd. (Nippon Steel Chemical).


July (2012)

Jiangxi Coal Industry Group: Jianxi Coal Industry Group - Phase I Completion  Link...

On July 16, the completion ceremony of seven key projects invested RMB 4.9 billion by Jiangxi Coal Industry Group was held in Fengcheng. Among them, Phase I of Jiangxi Heibao Carbon Black Co. project was invested RMB 0.12 billion to build three new process 30 000 tons carbon black yearly eco-friendly production lines.


Phillips Carbon Black Ltd: Commissioning of 8MW power plant at Mundra  Link...

Phillips Carbon Black expects to commission the new power plant in the next few months. The power plant of 8MW capacity will increase phillips total generation capacity to 76MW.


Phillips Carbon Black Ltd: Green Field Plant - Vietnam  Link...

Phillips expect the new greenfield plant in Vietnam to be commissioned in their 2014 financial year.


June (2012)

Asia Carbon Industries Inc: Construction Started on 3MW Power Plant  Link...

Asia Carbon Industries began construction on a 3000 KW power plant that uses residual exhaust gas generated by carbon black manufacturing. The new power plant is expected to satisfy the company’s electricity needs for its current production lines. The cost of the construction of the plant is $6.4 million, and also was funded with cash from operations.


May (2012)

Orion Engineered Carbons: Price Increase for Carbon Black and Pigment Preparations  Link...

Orion Engineered Carbons has increased prices for carbon black and pigment preparations by $0.15/lb for deliveries to the Americas. Imported pigment prices will increase by up to 9% effective 1st May 2012.


April (2012)

Cabot: Speciality Carbon Black Prices Increase  Link...

Cabot announced global price increases of up to 12% for speciality grades due to rises in raw material and transportation costs.


Orion Engineered Carbons: Price Increase for Carbon Black Pigments and Preparations  Link...

Orion Engineered Carbons has announced price increases of up to 9% for carbon black pigments and preparations. These price increases are for Europe, Asia, Africa and Middle East and are effective from 15 April 2012.


March (2012)

Nizhnekamsk TU (Tatneft): Reaches total of 350 million Kama Tyres  Link...

Taftneft’s Nizhnekamsk truck tyre factory reaches its 350 millionth tyre. Tatneft stated production of 114kMT carbon black in 2011.


January (2012)

Birla: Columbian Chemicals Expanding European Capacity  Link...

Columbian Chemicals will expand capacity by 30kMTpa by debottlenecking in Santander and Tiszavarous. The additional capacity is expected on-stream in first quarter of 2012.


October (2011)

Orion Engineered Carbons: Price Increases for EMEA and Americas  Link...

Orion Engineered Carbon announce price increases of 180 Euro/MT for EMEA , Middle and South America and $0.11 /lb for North America.


September (2011)

Jiangxi Black Cat Carbon Black Co., Ltd: Acquire Land in Tangshan, Hebei for New Carbon Black Plant  Link...

Jiangxi Black Cat Carbon Black have aquire a plot of land in Tangshan, Hebei province for a new carbon manufacturing facility. The company plans to build a 200 kMTpa production facility on the site.


July (2011)

Orion Engineered Carbons: Evonik Degussa Sell Carbon Black Business to Rhone Group  Link...

Evonik Degussa sold its carbon black business to Rhone Group also joined by Triton Capital in the acquisition. Orion Engineered Carbons is established as the carbon black company.


Birla: Plans to Augment Capacity at Indian Facilities  Link...

Birla Annual Report: The company is planning to augment capacity by a further 85 kMTpa at Patalganga in a second phase development as well as another facility in Southern India.


Orion Engineered Carbons: Closure of Botlek Plant, The Netherlands.  Link...

Orion Engineered carbon complete closure of the Botlek plant.


Birla: Acquire Columbian Chemical Company  Link...

Birla acquire Columbian Chemicals Company.


June (2011)

Sabic/Exxon JV: FEED Contracts and License Agreements Signed.  Link...

The recently awarded front-end engineering design—or FEED—contracts went to Jacobs Engineering Inc. and Mitsui Engineering & Shipbuilding for process units and to Fluor Transworld Services Inc. Third-party license agreements with Continental Carbon Co. for its carbon black production technology and with Goodyear for its SBR technology.


April (2011)

Orion Engineered Carbons: Global Price Increase Announced  Link...

Evonik Carbon Black is increasing prices for Carbon Black and Carbon Black Preparations by up to 200 Euro/MT for all global locations. The price increase is effective from 1st Aprill 2011.


March (2011)

Columbian Chemical Company: Price Increased North America  Link...

Columbian Chemicals announced price increases to North American customers for all carbon black products. Price increases will be up to 14% depending upon the grade.


Other Filters

Chemical Groups

Chem. Manufacturers

Tire Manufacturers

MRG Manufacturers

Plastic Compounders

Other Consumers

Rubber Chemical Consultants Ltd UK Registered Company: 6863349 VAT No: 976 5004 04
Site © Rubber Chemical Consultants Ltd 2023

The statements, opinions and/or recommendations contained on this website are based on information believed to be reliable. However, Rubber Chemical Consultants Ltd makes no warranty or guarantee of accuracy or completeness in connection therewith, nor, with respect to any proposed application or course of action.