RP-Sanjiv Goenka Group-owned Phillips Carbon Black (PCBL) will invest Rs 200 crore in FY 2017 to debottleneck its twin plants in Mundra and Palej in the state of Gujarat.

The company will also upgrade its manufacturing capacity to 0.51 million tonne from the present 0.47 million tonne.

The RP-Sanjiv Goenka group company is aiming to raise its revenue from speciality blacks, and targets an increase in its volume share of the consolidated volume to 20 percent from the present 10 percent.

The company, at present, has put on hold its plan of starting Vietnam operations envisaged in 2007.

PCBL has a joint venture of 80:20 with the Southern Rubber Industry Joint Stock Company, Danang Rubber Joint Stock Company and Sao Vang Rubber Joint Stock Company of Vietnam to build a 50,000 tonne carbon black production facility in Vietnam.