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March (2024)
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 | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2023 | 17415.6 | 21724.6 | -19.8 | | | Carbon Black | EBIT | 2023 | -124.0 | 339.3 | -136.5 | | | Carbon Black | Sales Revenue | Q4 | 4427.9 | 5215.1 | -15.1 | | | Carbon Black | EBIT | Q4 | 168.3 | -71.8 | 334.3 | |
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 | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | Q3 | 4509.8 | 6110.9 | -26.2 | | | Carbon Black | EBIT | Q3 | -102.6 | 315.5 | -132.5 | |
October (2023)
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 | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | Q2 | 4067.1 | 5509.1 | -26.2 | | | Carbon Black | EBIT | Q2 | -293.4 | 7.6 | -3975.7 | |
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 | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2023/1 | 4410.8 | 4889.4 | -9.8 | | | Carbon Black | EBIT | 2023/1 | 103.8 | 88.0 | 17.9 | |
February (2023)
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 | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/4 | 5215.1 | 4646.8 | 12.2 | | | Carbon Black | EBIT | 2022/4 | -71.8 | 83.3 | -186.2 | |
January (2023)
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)
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 | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/3 | 6110.9 | 4541.2 | 34.6 | | | Carbon Black | EBIT | 2022/3 | 315.5 | 114.2 | 176.3 | |
August (2022)
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 | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/2 | 5509.1 | 4164.4 | 32.3 | | | Carbon Black | EBIT | 2022/2 | 7.6 | 82.4 | -90.8 | |
June (2022)
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 | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/1 | 4889.4 | 3890.7 | 25.7 | | | Carbon Black | EBIT | 2022/1 | 88.0 | 162.2 | -45.7 | |
March (2022)
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 | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2021/4 | 4646.8 | 3456.1 | 34.5 | | | Carbon Black | EBIT | 2021/4 | 83.3 | 226.9 | -63.3 | |
August (2021)
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 | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2021/2 | 4164.4 | 1594.3 | 161.2 | | | Carbon Black | EBIT | 2021/2 | 82.4 | -439.6 | 118.7 | |
May (2021)
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 | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2020 | 11024.5 | 15773.4 | -30.1 | | | Carbon Black | EBIT | 2020 | -589.7 | -189.3 | -211.5 | | | Carbon Black | Sales Revenue | 2020/4 | 3456.1 | 3253.3 | 6.2 | | | Carbon Black | EBIT | 2020/4 | 226.9 | -260.8 | 187.0 | |
November (2020)
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 | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2020/3 | 2846.3 | 4038.9 | -29.5 | | | Carbon Black | EBIT | 2020/3 | -148.3 | -40.7 | -263.9 | |
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 | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2020/2 | 1594.3 | 4219.0 | -62.2 | | | Carbon Black | EBIT | 2020/2 | -439.6 | -37.3 | -1077.9 | |
April (2020)
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 | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2019/4 | 3253.3 | 4268.0 | -23.8 | | | Carbon Black | EBIT | 2019/4 | -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.
January (2020)
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
Figure 2 - HS2803 Turkey Average Import Values
August (2019)
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 | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2019/2 | 4219.0 | 4302.5 | -1.9 | | | Carbon Black | EBIT | 2019/2 | -37.3 | 385.2 | -109.7 | |
August (2018)
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 | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2018/2 | 4302.5 | 3514.3 | 22.4 | | | Carbon Black | EBIT | 2018/2 | 385.2 | 276.9 | 39.1 | |
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.
April (2018)
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 | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2017 | 14081.8 | 10606.6 | 32.8 | | | Carbon Black | EBIT | 2017 | 509.9 | -108.4 | 570.4 | |
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 | Segment | Parameter | Period | 2016 | 2015 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2016 | 10606.6 | 12382.0 | -14.3 | | | Carbon Black | EBIT | 2016 | -108.4 | -582.0 | 81.4 | |
August (2016)
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.
April (2016)
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 (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.
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