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Phillips Carbon Black unveils World's latest R&D Centre named after Sushila Goenka

Posted On: 2019-07-18 13:50:46

Mr. Sanjiv Goenka, Chairman, Phillips Carbon Black Limited, India's largest manufacturer and exporter of carbon black, today unveiled the Company's state-of-the-art Sushila Goenka Research and Development Centre located at Palej, Gujarat. Spread over a land area of 27,000 sq.ft, the R&D Centre is planned to facilitate development of new products required by the tyre and other industries across the world and pave the way for new uses of carbon black in a growing number of areas including engineering plastics, fibres, food contact plastics, wire & cables, ink, paints, batteries and other applications.

Way back in 1960, Phillips Carbon Black Limited was formed to pioneer the manufacture of carbon black, which was then a major import substitution effort to serve the Indian Tyre Industry. Today, apart from meeting the diversified requirements of the tyre industry across the world, Phillips Carbon Black has a market presence in more than 30 counties. The Company's list of customers includes some of the bestknown global tyre majors. It also has made its mark as one of the key players in the fastest growing specialty black segment.

With an installed annual capacity of 5,71,000 mtpa carbon black, Phillips Carbon Black Limited operates four strategically located plants at Durgapur, Kochi, Mundra and Palej. Phillips Carbon Black is the world's first carbon black company to be awarded Carbon Credit under KYOTO Protocol of United Nation's Framework Conventions on Climate Change (UNFCCC).

Mr. Sanjiv Goenka, Chairman, Phillips Carbon Black Limited, after digitally unveiling today the Sushila Goenka R&D Centre at Palej, told newsmen that research and innovation are amongst the most crucial factors in strengthening a carbon black manufacturer's technical and qualitative superiority. "Our research and innovation are more than just a business strategy, it defines our DNA and highlights our roadmap for future growth."

The new Sushila Goenka R&D Centre includes several laboratories, such as 'Carbon and Carbon Nano-Structure Laboratory', 'Carbon Functionalization Laboratory', 'Carbon Feedstock Research Laboratory', 'Interface & Colloidal Dispersion Laboratory' and 'Plastic Application Laboratory'. The new Centre will serve as a seeding ground for new products and process development, as well as for partnering with customers and vendors for customising products and processes.

The world-class Sushila Goenka R&D Centre, with 27000 sq.ft. built-up area, has been developed on a sprawling land area of 8 lakh sqft, the initial investment amounts to Rs. 20 crore. It has a hexagonal model design. Headed by a renowned American expert, it currently employs 30 eminent researchers, both men and women.

The new R&D Centre focusses on several areas:

- Development of new carbon black grades

Primarily in specialty business, including ink, coatings and plastics, masterbatch segments, as well as customised rubber grade products through developing all new carbon black grades and improving the performance of existing grades.

Other focus areas include:

- Modifications and improvement in process design.
- Carbon black feedstock research.
- Tracking industry trends and evolving market dynamics.

With a proud legacy of nearly 60 years, Phillips Carbon Black Limited is the largest carbon black producer in India and the 7th largest in the world with its products being used in more than thirty countries.

Shares of PHILLIPS CARBON BLACK LTD. was last trading in BSE at Rs.116.2 as compared to the previous close of Rs. 113.65. The total number of shares traded during the day was 48769 in over 844 trades.

The stock hit an intraday high of Rs. 116.85 and intraday low of 113. The net turnover during the day was Rs. 5664142.


Source: Equity Bulls

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