CARROLLTON, Ky.–(BUSINESS WIRE)–Sean Keohane, president and chief executive officer of Cabot Corporation(NYSC:CBT) and Howard Ungerleider, chief financial officer of DowDuPont (NYSE:DWDP) joined more than 150 local officials, business leaders and community members today to celebrate the groundbreaking of Cabot’s world-class, fumed silica plant located adjacent to Dow’s Carrollton site in western Kentucky. The official ceremony was held in the presence of local government representatives and other business leaders at the site of the new facility. The groundbreaking coincides with the 50th anniversary of the Dow site in Carrollton and celebrates the Company’s history of innovation through silicones chemistry.
Announced in May 2017, the new manufacturing facility is scheduled to be operational by 2020, and will extend Cabot’s long-term relationship with Dow while furthering Cabot’s position as a leading producer of fumed silica. Upon completion, the plant will incorporate Cabot’s latest technology advances into the plant design and operations. Additionally, the collocation enables a fence-line relationship with Dow, creating a closed-loop system that reduces transportation risks, increases manufacturing efficiencies and reduces waste.
“This is wonderful news for the Carrollton community and the region, as we welcome new manufacturing and celebrate 50 years of innovation,” said Kentucky Gov. Matt Bevin. “Both of these companies, Cabot and Dow, bring a rich history of excellence to our state and a proud tradition of community and employee support.”