Carbon black maker Longxing reports 2018 profit jump

Xingtai, Hebei – Chinese carbon black maker Longxing Chemical has seen its net profit increase 166% year on year to €17 million (133 million yuan) in 2018.

Revenue last year rose 14% to €403 million, 93% of which was from carbon black and 4% from white carbon black., the company announced 15 Feb.

The average carbon black price in 2018 climbed 22% compared with a year ago, according to Longxing’s annual report.

The company’s net profit excluding non-recurring items during the period increased by 116% to €14 million.

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