On February 13, the Japanese Tokai Group announced that despite a relatively low production volume in 2024, Tokai Carbon reported growth in its carbon black business.
The EBITDA of the carbon black business increased by 9.2% year - on - year, reaching 32 billion yen (approximately 1.52 billion yuan). Sales increased by 5.6% to 156 billion yen (approximately 7.43 billion yuan).
The operating profit of the carbon black department increased by 2% compared to 2023, reaching 21.7 billion yen (approximately 1.03 billion yuan). The Japanese group attributed the earnings to partial cost pass - through and favorable exchange rates.
In 2025, with the commissioning of the Thai plant, the group expects sales to increase to 167 billion yen. However, due to expected investment costs, earnings will contract to 25 billion yen.
Tokai anticipates that tire production will continue to grow steadily at a rate of 3% per year, supporting higher sales next year.
Tokai stated that the parallel operation of the new production base in Thailand and the existing factories will put pressure on earnings until the third quarter of 2026. The new Thai factory is scheduled to start operation in the middle of 2025.
In addition, Tokai plans to make large - scale investments in the environmental protection facilities of its US factory in the medium term and strengthen the research and development of high - performance carbon black. This will also put pressure on short - term earnings.
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