Phillips Carbon Black plans overseas R&D centre

Phillips Carbon Black Ltd. (PCBL) is planning to set up an overseas R&D centre, its chairman Sanjiv Goenka said.

This centre is likely to help the company find new applications and a diversified product mix for the carbon black that PCBL produces across its four plants in India. It plans to double the share of value-added products to 15% in two years. Indications were that the R&D centre may be located in Europe and could be either a new unit or acquired.

Read the source article at The Hindu