Cabot Corporation Board Declares Dividend

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.

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Cabot Corporation Expands Engineered Elastomer Composites (E2C™)

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.”

 

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Cabot to Increase Prices for Rubber Carbon Black Products in North America

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.

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Cabot Corp Reports Third Quarter Fiscal 2020 Results

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.”

 

 

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Women in Tire & Rubber: Elif Duz

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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 …

Read the source article at Rubber and Plastics News

Elastomers for Sustainability Top 10

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.

Read the source article at European Rubber Journal

Cabot Completes Placement of Air Emission Control Equipment

Cabot Corporation CBT recently announced a significant achievement in its project at Franklin, LA site in the United States. Management stated that the company received all its major emission control equipment and positioned the same for completion on site as of Jun 2020.

Notably, Cabot is the first carbon black manufacturer to partner with the U.S. Environmental Protection Agency (EPA) in conjunction with the national enforcement initiative of EPA to control air emissions from carbon black producing facilities.

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TRAC Announces 100th Annual General Meeting’s Outcomes

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Cambridge, Ontario; June 11, 2020—Tire and Rubber Association of Canada announces the outcomes of its virtual 100th Annual General Meeting held on June 9, 2020.

 

AGM Outcomes:

1)     The members duly elected the Board of Directors and Officers:

 

Tony Mougios       Chair (Michelin North America (Canada) Inc.)

Maureen Kline       1st Vice-Chair (Pirelli Tire Inc.)

Paul Downey         2nd Vice-Chair (Pliteq Inc.)

Matt Livigni           Treasurer (Continental Tire Canada Inc.)

       

Neil Bansal             Western Rubber Group

Chris Bitsakakis     AirBoss of America Corp.

Paul Christou        Goodyear Canada Inc.

Keshav Das            BKT Tires (Canada) Inc.

Darious Naylor     Bridgestone Canada Inc.

Robert Rist             Cabot Canada Ltd.

 

2)     The Board moved to establish a new End-of-Life Tire Standing Committee. Led by Dr. Barry Takallou of CRM of Canada Processing, the Committee will manage all issues related to tire and rubber recycling.

 

3)     Following Glenn Maidment’s announced retirement at the end of 2020, the Board moved to set up a Search Committee which will manage the screening and interviewing of potential candidates for a new President.

 

About TRAC:

The Tire and Rubber Association of Canada (TRAC; www.tracanada.ca) is the national trade association representing the interests of tire and other rubber manufacturers and importers of rubber goods into Canada, together with rubber recyclers and suppliers whose goods or services directly relate to our industry. The Association was established in 1920 under the name The Rubber Association of Canada, only recently changing its name to the Tire and Rubber Association of Canada to more accurately reflect the Association’s role within the industry and what it does for its membership.

Contact: info@tracanada.ca

Cabot withdraws 2020 earnings guidance

Boston, Massachusetts – Cabot Corp. has withdrawn its financial guidance for fiscal year 2020 and is reducing planned capital expenditure in response to Covid-19 pandemic.

Despite a “solid” second quarter, ending 31 March, Cabot said it is withdrawing the outlook as future demand for the company’s products remain uncertain.

In addition, in order to maximise free cash flow, Cabot is looking to reduce previous plans for capital spending, said CEO and president Sean Keohane in a statement 30 March.

Read the source article at European Rubber Journal

Cabot cuts rubber-blacks production in Europe

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Boston, Massachusetts – Cabot Corp. has reduced rubber-black volumes in Europe in response to soft market conditions and “aggressive pricing,” the company has informed ERJ.

“We opted not to pursue certain contracts [in Europe] due to the pricing structure, meaning we do not have to manufacture for those contracts,” Cabot explained in a 19 Feb written statement.

Read the source article at European Rubber Journal