Asia Carbon reports healthy revenue

Asia Carbon reports healthy revenue CHINA-based Asia Carbon Industries‘s sales increased by 65% to reach US$49.12 million in 2011, with about 86% of sales attributed to the increases in tonnage sold, whereas the remaining was attributed to the increase of the unit sales price. The average sales price of Asia Carbon’s products was US$988/tonne during 2011, up by 11% from US$894/tonne in 2010.

In terms of production and utilisation rates, the company produced 35,000 tonnes and 61,000 tonnes and utilised 92% and 78% of total capacity in 2010 and 2011, respectively. It sold 49,683 tonnes of carbon black and naphthalene oil, an increase of 50% compared to 2010. The company registered a net income of US$7.31 million in 2011, up by 123% compared to the previous year’s US$3.27 million. This increase in net income resulted from new production capacity and improved gross margin rate. (PRA)