7 September 2013
Details
Cabot Corporation and joint venture partner Risun Group
announced the completion and commissioning of
their new carbon black manufacturing facility
in Xingtai, Hebei Province, China.
Cabot and Risun invested approximately $140 million
in the new facility, with Cabot owning a 60 percent equity interst.
The site phase I manufacturing capacity
will be 130,000 metric tons of carbon black per year.
As a result, Cabot's overall carbon black manufacturing capacity
in China increases by 25 percent. The addition of Xingtai solidifies
Cabot's postion as the world's leading producer of carbon black.
The new plant also employs
* advanced emissions control and
* energy efficiency technology
to minimize environmental impact and
simultaneously reduce energy consumption.
Cabot Corporation
Dave Miller, President, Reinforcement Materials Segment
- Cabot continuously seeks to improve product solutions for
the tire industry in order to help tire manufacturers
meet the ever increasing performance demands for thier products.
- The Xingtai plant will utilize state-of-the-art technology to
produce Cabot's ultra-reinforcing products that are key materials
for producing high-performance tires.
- As global demand for high-performance reinforcing materials
continues to grow within the tire industry, our product portfolio and
R&D efforts ensure that we can provide our customers with
the right products in the right place, at the right time.
- We are continually working to stay ahead of market demands,
and the new Xingtai plant will enable us to
deliver our most highly reinforcing carbon black products
while strengthening our position in China.
The participating entities in this new site are
* Cabot (China) Ltd.,
a wholly-owned subsidiary of Cabot Corporation and
* Risun Chemical Company, Ltd.,
a wholly owned subsidiary of Risun Coal Chemicals Group, Ltd.
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