09 Dec 2019 | 8:36 AM

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PCBL expects new products from Gujarat R&D centre in 3 months
  Phillips Carbon Black Ltd. | 06 Dec 2019 | 03:41 PM
Published on 07-19-2019
Phillips Carbon Black Ltd on Thursday said its new research and development centre in Gujarat is likely to roll out two new products in the next few months.


The carbon black major on Thursday unveiled the company`s Sushila Goenka Research and Development Centre in Gujarat and proposed another such unit in Europe.


The new R&D centre spread over 27000 sq ft will go a long way in facilitating new product development PCBL Chairman Sanjiv Goenka said.


"We expect development of two products in the next three months as the first yield from the facility headed by a Nigerian scientist" Goenka said.


Goenka who is also chairman of the RP Sanjiv Goenka Group said it has raised R&D spend by five times.


"At the group level investment on R&D was Rs 20 crore last fiscal but now it is envisaged at about Rs 100 crore" Goenka said.