“India’s biggest producer of raw carbon black, RP-Sanjiv Goenka Group plans to build a $170 million carbon black plant in Alexandria, according to a board member at the Egyptian Indian Polyester Company (EIPC). “The project will be located at Borg El Arab, Alexandria and spread over an area of 200,000 square meters,” Amre Fayed, a member of board of directors told Zawya.
The group will invest $170 million in the first stage to produce 140,000 tons of carbon black, which is used in the manufacture of tires,” he said. The company, which is the world’s sixth biggest producer of carbon black, has ‘completed all technical and financial studies’ related to the project and submitted required papers to various Egyptian authorities for approval to start work on the plant. Fayed said the plant is expected to start production by the beginning of 2016; around 20 percent of production will cater to domestic demand and 80 percent to exports. When completed, the project will provide about 1,400 direct and indirect job opportunities.