Black carbon market grows

Black carbon market grows

JAKARTA (CNI): Indonesia's sole black carbon producer, Cabot
Indonesia, believes a 5-10 percent growth in the local market is
still possible, although there prevails an overall surplus in
Asia, especially in South Korea, Thailand and India.

President of Cabot Indonesia Nicholas P Ballas, said on Monday
that he expects regional demand and capacity to be balanced by
2004.

Indonesian demand for carbon black is estimated at around 110
000 ton/year.

Cabot Indonesia is a joint venture between US-based Cabot Corp
and Malaysian investment trust Permodalan Nasional Berhad, with
the former holding 86 percent of the stake. It is also a majority
shareholder in Karbon Indonesia, which is a joint venture with
Indonesian Taspen.