21 May 2018
DETAILS
Cabot Corporation (NYSE: CBT) announced
the addition of significant capacity
to its worldwide network of carbon black plants.
Through the combination of a plant expansion,
* operational improvements, and
* debottlenecking projects,
Cabot is expanding its global capacity by over 300,000 metric tons.
Cabot will add approximately 160,000 metric tons of capacity
through an expansion at its facility in Cilegon,
The new capacity will serve the increasing carbon black demand
in
Cabot anticipates that product from this expansion
will be available for sale starting in late 2020 or early 2021.
senior vice president and
president, Reinforcement Materials
“This program will allow Cabot to continue to serve
the growing needs of our customers worldwide
with our industry-leading carbon black products.
With our plants operating at high utilization levels,
these investments will enable us
to maintain our position as a leader in the carbon black industry
and to offer our customers
the security of reliable supply
and availability of premium products
that they have come to expect from Cabot.”
president, Asia Pacific region
“Our tire and industrial rubber customers
are making significant investments in
and as their preferred partner, they are looking to us
to provide the raw materials for their new investments.
We appreciate the support of the Indonesian government
who have been great partners since we began operations in 1988.
This capacity expansion clearly demonstrates
our ongoing commitment to delivering
high quality products and services from local supply sources.”
In addition to the expansion at Cilegon,
Cabot is investing approximately
in debottlenecking projects and operational improvements
across 18 of its carbon black facilities.
This program will provide
an additional 150,000 metric tons of
increased carbon black capacity
which will be available for tire, industrial rubber
and specialty carbon customers.
To date, Cabot has completed approximately
one-third of this capacity expansion,
with full completion expected by 2021.
These investments will increase
Cabot’s global carbon black capacity
to approximately 2.5 million metric tons.
president and chief executive officer
“Part of our corporate strategy
is to invest for growth in our core businesses.
These actions clearly showcase our commitment
to be the partner of choice for our customers,
not only for today, but into the future.
Adding this new capital efficient capacity
will provide a lever for growth for our
Reinforcement Materials and Performance Chemicals
segments and contribute
to the execution of our corporate financial
and strategic objectives.”
Source:
Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate Communications
or
Steve Delahunt, 617-342-6180
Investor Relations
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