Tag: Cabot

Cabot plant celebrates 75 years

Cabot plant celebrates 75 years

5th December 2018 | 0 Comments

On 25 November, Cabot Corporation’s Ville Platte, Louisiana carbon black manufacturing facility celebrated 75 years in operation. Established in 1943, Cabot Ville Platte is the oldest plant in Cabot’s network, and today operates four manufacturing units that produce 11 different grades of carbon black, primarily sold to customers throughout North America for rubber reinforcement applications.

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Cabot buys NSCC Carbon in US$50 million transaction

12th October 2018 | 0 Comments

On 1 October Cabot Corporation acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015. The purchase price and certain equipment and technology upgrades are expected to result in spending of approximately $50 million over the next two years.

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Cabot increases rubber carbon black prices in North America

27th April 2018 | 0 Comments

Effective 1 June 2018, Cabot Corporation is increasing prices for carbon black products sold by its Reinforcement Materials segment in North America. All Vulcan, Sterling, Regal, Spheron and Propel carbon black products will increase by $0.045/lb except for Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon blacks. In addition, prices will increase by 4 per cent for Black Pearls, Monarch, CRX, Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon black products.

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Cabot CFO retires

27th April 2018 | 0 Comments

Cabot Corporation has announced that Eduardo Cordeiro, executive vice president, chief financial officer (CFO) and president of the Americas Region, will retire from Cabot at the end of 2018. He steps down from these roles effective 15 May 2018 at which time Erica McLaughlin, the company’s vice president of business operations for Cabot’s Reinforcement Materials segment and general manager of the tyre business, will become senior vice president and CFO. Cordeiro will remain with Cabot in an advisory capacity through the end of the year to assist in a smooth transition.

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Cabot Corporation expands specialty compounds business

27th April 2018 | 0 Comments

Cabot Corporation has completed two expansion projects extending its global footprint in black masterbatch and compounds and increase manufacturing capacity. The expansion has been achieved via an acquisition and the addition of capacity in Belgium.

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Cabot increases carbon black prices

30th May 2017 | 0 Comments

Effective June 12, 2017, speciality chemicals supplier Cabot said it will increase prices on all carbon black products in its reinforcement materials segment sold in Europe, the Middle East and Africa (EMEA).

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Cabot to open ‘clean technology’ research centre in Shanghai

6th June 2016 | 0 Comments

On 2 June, US carbon black manufacturer Cabot said it will open a research centre in Shanghai to develop “clean technologies and specialty chemicals”.

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Cabot top ‘Energy Efficiency Frontrunner’ in China

9th July 2014 | 0 Comments

Top listing in the China Petroleum and Chemical Industry Federation’s 2013 ‘Energy Efficiency Frontrunner’ rating for the carbon black manufacturing sector has gone to Cabot Corporation. Local operation Cabot Chemical (Tianjin) Co., Ltd participated in the benchmark ranking for the first time in 2013 and was named the leading carbon black company in China in terms of energy efficiency. Cabot is the first multinational company to take part in the ranking.

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Cabot launches 2 new ‘Propel’ Carbon Blacks for use in tyre treads

12th February 2014 | 0 Comments

Cabot Corporation has launched two new carbon black products for tyre tread applications. According to the company, Propel E7 carbon black is engineered to reduce tyre rolling resistance and improve vehicle fuel economy. Propel D11 carbon black is designed to provide a high level of tread durability and is purposed for use in both short-haul truck and off-the-road vehicle tyres. Cabot has been showcasing the new products at Tire Technology Expo 2014 in Cologne, Germany.

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Cabot completes Nhumo acquisition

21st November 2013 | 0 Comments

Cabot Corporation has completed its acquisition of the equity stake owned by Grupo Kuo S.A.B. de C.V. in its Mexican carbon black manufacturing joint-venture, Nhumo, S.A.de C.V. The company says Nhumo is Mexico’s leading carbon black producer and the acquisition of Kuo’s interest strengthens Cabot's global carbon black business and will help meet growing demand throughout North America. The Nhumo business will now be integrated into Cabot’s Reinforcement Materials segment. Under the terms of the agreement, Cabot will pay Kuo US$105 million, of which $80 million was paid upon closing. In addition, at closing, a special dividend payment will be paid to Nhumo shareholders, of which Cabot will receive $14 million.

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Cabot investing in emissions reduction technology

21st November 2013 | 0 Comments

Cabot Corporation, the second largest carbon black manufacturer in the United States, has agreed to pay a US$975,000 civil penalty and spend an estimated $84 million on state of the art technology to reduce emissions of nitrogen oxide (NOX), sulphur dioxide (SO2) and particulate matter (PM) from its carbon black plants in Franklin and Ville Platte, Louisiana, and Pampa, Texas. According to the U.S. Environmental Protection Agency (EPA) and the Department of Justice, these measures will resolve alleged violations of the New Source Review (NSR) provisions of the Clean Air Act (CAA) at these three facilities.

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Cabot China output up 25 per cent

10th September 2013 | 12,345 Comments

Cabot Corporation has said that its Chinese “output capacity” will rise 25 per ecnt along with the operation of a plant in Xingtai, Hebei province. However the company is also quoted by local news sources as saying that it will not seek to go public and make acquisitions in China.

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Royalties from Cabot-Michelin agreement begin flowing

30th January 2013 | 0 Comments

US-based speciality chemicals company Cabot Corporation has announced reaching “another key milestone” in its technology licensing agreement with Manufacture Francaise des Pneumatiques Michelin for use of Cabot’s patented elastomer composite technology in tyre applications. Regular royalty payments to Cabot have now begun and will extend through fiscal 2022.

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Cabot names new investor relations director

12th July 2011 | 0 Comments

Cabot Corporation has announced the appointment of Erica McLaughlin to the position of director of investor relations. McLaughlin will serve as the primary liaison between Cabot, its shareholders, and the investment community, succeeding Susannah Robinson, who will assume a role in the company's human resources organisation.

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Evonik sells carbon black business to Rhône Capital

18th April 2011 | 0 Comments

Evonik Industries has announced that it has signed an agreement with affiliates of Rhône Capital LLC to sell its carbon black business for over 900 million euros, including the assumption of certain obligations. For its part Evonik reports that it “continues to focus systematically on its core chemical businesses.” Carbon Black is being acquired intact as a whole, with its 1,650 employees, about 500 of whom are based in Germany. The deal is subject to approval by Evonik’s supervisory board, antitrust authorities etc, but is expected to close during the summer of 2011.

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