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Anurag Choudhary, CMD and CEO, Himadri Speciality Chemical
Although China’s behaviour impacts most of the chemicals market, India’s largest speciality carbon black maker, Himadri Speciality Chemical, is immune to whatever China does, said its CMD and CEO, Anurag Choudhary.
Talking to businessline, Choudhary said India’s free trade agreement with the UK and a possible trade pact with the US would help it increase exports to these important markets going forward.
“Macro industry may not be the right reflection of a particular product we are doing. Most of the chemicals markets is impacted by what and how China behaves. But in the case of our products, we are immune to whatever China does. There is no link with what China is doing,” Choudhary said.
According to him, the company has been supplying its products as raw materials to its customers at a very competitive price, which is even less than Chinese prices. “We are supplying products like Coal Tar Pitch to my customers at a price less than that of China. So, what will China do to me? I derive my profitability from operational efficiencies, because of better yields,” the CMD said.
The company is currently exporting its products to as many as 56 countries. For the speciality carbon black maker, Europe, USA, Southeast Asia and Middle East are the major overseas markets.
“We will get significant benefits from the FTA with the UK. Export will increase over the years,” Choudhary said.
India and the United Kingdom earlier this month concluded a historic Free Trade Agreement (FTA) that will see 99 per cent of Indian exports to the UK benefiting from zero duties.
On Birla Tyres’ Balasore plant
Choudhary said Birla Tyres’ Balasore plant in Odisha is expected to restart production activities next month after a hiatus of around three years.
Himadri Speciality Chemical is one of the owners of Birla Tyres Ltd. Himadri and Dalmia Bharat Refractories participated in the tyre maker’s corporate insolvency resolution process and jointly acquired the company for ₹306 crore.
The Kolkata bench of the National Company Law Tribunal (NCLT) approved the resolution plan for the acquisition of BK Birla group firm Birla Tyres in October 2023 under the Insolvency and Bankruptcy Code.
Published on May 16, 2025
This article first appeared on The Hindu Business Line
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