PCBL Chemical Ltd, an Indian manufacturer of technical carbon, has faced challenges related to EU sanctions against Russian and Belarusian carbon. The company's CFO, Raj Gupta, stated that Russian producers are now mainly targeting Asian markets, which negatively impacts PCBL's profits. He mentioned that the margin decline is due to Russian producers, unable to find buyers among regular customers, being forced to sell carbon at larger discounts.
This information comes from European-rubber-journal.
However, Gupta emphasized that major tire companies avoid purchasing carbon from Russia to avoid potential sanctions. This creates issues for PCBL in certain market segments, especially among small buyers, as India imports around 100,000 tons of carbon annually, 30% of which comes from Russia.
Nevertheless, sanctions against Russia and Belarus open up opportunities for PCBL in new markets.
Gupta noted that the company has begun seeking buyers in Europe, where it was previously difficult to establish connections. After the sanctions, many clients in Eastern Europe have become interested in buying from the Indian supplier, which, according to the CFO, opens up prospects for long-term relationships with new partners.
