Cabot Further Expands Chinese Carbon Production
Cabot Corporation has announced that it will build a new specialty carbon black unit at its plant in the Tianjin Economic and Technological Development Area (TEDA) in China. Cabot Performance Products (Tianjin), a joint venture with Shanghai Coking Chemical Company, will invest nearly $30 million in building the special unit that is set to have a capacity of approximately 20,000 tonnes. The unit is scheduled to begin production in the second half of 2006.
“We appreciate the support of the local government officials and Shanghai Coking in developing this carbon black facility in Tianjin,” said Xinsheng Zhang, vice president of Cabot Corporation and president of Cabot China Ltd. “We are looking forward to adding the special black component to our Tianjin carbon black plant. When completed, the Tianjin facility will constitute one of the largest carbon black production facilities in the world.”