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Article: Carbon Black Market Faces Overcapacity as Further Consolidation Looms.(Brief Article)
- Article from:
- Chemical Market Reporter
- Article date:
- November 5, 2001
- Author:
CopyrightCOPYRIGHT 2001 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE CARBON BLACK market faces the double blow of a stalling economy and a rash of overcapacity. One company has idled capacity, and consolidation in the industry appears likely. However, carbon black producers looking to sell may find it difficult to get fair market value in light of current operating conditions.
Last week, TransCanada, the Canadian energy company, announced its intention to hold on to its CanCarb carbon black plant in Medicine Hat, Alberta, Canada. The company initially planned to find a buyer For the $100 million plant. The facility was expanded to 45,000 metric tons last year.
Previously, copper giant Phelps Dodge terminated the sale ...