Cabot making gains in tire market, China

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Boston, Massachusetts – Cabot Corp.’s reinforcement materials division is benefiting from striking better deals for its tire carbon blacks and a strengthening of markets in China, the company indicated in a 1 Feb results summary for its fiscal first quarter.

For the three months ended 31 Dec 2016, earnings (EBIT) in Cabot’s reinforcement materials segment increased by $14 million (€13 million) year-on-year, on higher unit margins and volumes, linked to 2016 customer agreements, and improved demand in China.

In terms of volume growth, however, Asian volumes were…

Read the source article at European Rubber Journal