BOSTON–(BUSINESS WIRE)–Cabot Corporation today announced the launch of its latest Engineered Elastomer Composites (E2C™) product, E2C™ DZ8650, part of the Durability series of solutions that is designed to reduce in-field failures and maximize operational uptime. DZ8650 is formulated to deliver breakthrough improvements in erosion and wet abrasion resistance, as well as mechanical strength in mining rubber applications including slurry pumps, hydrocyclones and rubber pipes.
Cabot Corporation CBT recorded a profit of $60 million or $1.06 per share in the first quarter of fiscal 2021 (ended Dec 31, 2020) compared with a profit of $41 million or 70 cents per share in the year-ago quarter.
Barring one-time items, adjusted earnings per share were $1.18 in the reported quarter, up from 69 cents in the year-ago quarter. The figure topped the Zacks Consensus Estimate of 87 cents.
BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT), a leading global specialty chemicals and performance materials company, today announced it has been named one of America’s Most Responsible Companies 2021 by Newsweek magazine. This is the second year Cabot has received this recognition, which was developed in 2020 to recognize the most responsible companies in the United States across 14 industries.
This accomplishment recognizes Cabot’s reputation and programs in corporate governance, community engagement and management of environmental performance, as well as transparent reporting. Cabot ranked in the top 10 most responsible companies in the materials industry and top 10% of all companies analyzed.
Cambridge, Ontario; November 26, 2020— The Tire and Rubber Association of Canada (TRAC) today announces a new board member and a new board chair, following the resignation of Tony Mougios of Michelin North America (Canada) Inc. Dr. Antoine Sautenet of Michelin was elected as a Director to complete Mr. Mougios unexpired term and elected 2nd Vice-Chair of the Board. Maureen Kline of Pirelli moves into the role as Chair of the Board, Paul Downey of Pliteq becomes 1st Vice Chair and Matt Livigni of Continental Tire remains as Treasurer.
BOSTON–(BUSINESS WIRE)–On Friday, November 13, 2020, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.35 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on December 11, 2020, to stockholders of record at the close of business on November 27, 2020.
BOSTON–(BUSINESS WIRE)–Cabot Corporation today announced the launch of its latest Engineered Elastomer Composites (E2C™) product, FX9390, part of the new E2C Foundation series of solutions that delivers multidimensional performance for a variety of tire types. FX9390 is formulated to deliver significant performance improvement balanced across cut/chip/chunk resistance, heat buildup and abrasion resistance in off-the-road mining tires.
When combined with other E2C solutions, FX9390 provides mining customers with flexibility for tire compound formulation within a wide design space.
“We are proud to expand our E2C solutions portfolio with the launch of our first Foundation series product. FX9390 presents a high performance elastomer composite solution for OTR mining and retreading applications that enables customers to quickly develop and launch new tires with performance improvements in multiple dimensions,” explained David Reynolds, vice president and general manager, Cabot Engineered Elastomer Composites. “We are particularly excited about the design freedom afforded to customers who combine this product with our Durability series to tailor compound performance for specific applications.”
BOSTON – August 13, 2020 – Cabot Corporation will increase prices by $.03 per pound on all carbon black products sold by its Reinforcement Materials segment in North America, effective October 1, 2020, or as customer contracts allow.
This price increase is necessary to address the substantially increasing costs to provide reliability and supply assurance to customers as the industry rebounds from the COVID-19 crisis and experiences rising utilizations in line with long-term fundamentals. In particular, Cabot is investing in the range of $200 million for NOx and SOx reduction projects to meet US EPA requirements, with additional spending for operating expenses and ongoing sustaining and improvement projects. Cabot was the first manufacturer in the carbon black industry to reach an agreement with the EPA to minimize air emissions and is on track to meet upcoming industry deadlines in 2021 and 2022. Taken together, these expenditures and the associated price increase will enable continued quality and supply security for Cabot’s customers and sustainability benefits for its employees, customers and communities.
BOSTON–(BUSINESS WIRE)–Cabot Corporation (NYSE: CBT) today announced results for its third quarter of fiscal year 2020.
Commenting on the environment, Cabot President and CEO Sean Keohane, said, “Clearly the COVID-19 pandemic has had a dramatic impact on most companies and Cabot was no exception. The scale of this disruption is unprecedented, but I am proud of the way our global team has managed through the crisis. We’ve taken proactive steps to protect our employees while continuing to operate our plants to meet the dynamic needs of our customers while also carefully managing cash.”
Elif Duz is the sales manager for Turkey, the Middle East and North Africa for Cabot Corp.
I started my career in the plastics industry as a research and development intern for DuPont in Switzerland for six months and I continued as a marketing intern for DuPont in Turkey for another six months. After my studies finished in 2007, I …
The top entries for the inaugural staging of ERJ’s new Elastomers for Sustainability initiative has now been decided by our judging panel led by leading experts in the field of polymer science & technology.
E4S is an industry-first sustainability initiative, designed to highlight significant advances for end-user sectors including automotive, tires, automotive components, construction, consumer, industrial and medical.