On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
Boston, Massachusetts – Cabot Corp. has broken ground on an expansion project at its carbon black manufacturing plant in Cilegon, Indonesia, the company announced 21 Nov.
The phase 1 of the project will add 80 kilotonnes per annum (ktpa) of capacity at the site, which produces rubber black grades within Cabot’s reinforcement business.
The product, said Cabot in a written statement to ERJ, is primarily used for tire applications.
Boston, Massachusetts – Cabot Corp. has posted a 4.8% decline in earnings for its reinforcement materials segment for the financial year ended 30 Sept, due mainly to the challenging Chinese business environment.
Earnings for the segment, which supplies rubber and speciality carbon blacks for the rubber and plastics industries, fell to $266 million (€240 million) during the 12-month period, on 22.5% higher sales of $1.8 billion, Cabot reported 5 Nov.
London – There are major technical challenges to overcome before recycled carbon black (rCB) can be used as an effective alternative filler in tire compounds, believes Bart Kalkstein, president, reinforcement materials at Cabot Corp.
It is important to consider all available opportunities for tire recycling, Kalkstein set out in a Q&A interview for a new ERJ Special Report on Sustainability.*
This was the message representatives from three raw materials sectors—carbon black, natural rubber and synthetic rubber—had for attendees at “Driving to the Future,” the 2019 Tire & Rubber Summit sponsored by the Tire and Rubber Association of Canada.
The Boston-based company has been carrying out liquid mixing of elastomer composites at the site since 1995 and was under a 10-year exclusive technology license with Michelin until recently. In 2017, Cabot announced an investment to expand the elastomer composites product line to serve a broader customer base.
Representatives from Cabot Corporation’s elastomer composites leadership team recently met with members of the Malaysian Investment Development Authority about Cabot’s long-term growth plans in Port Dickson, Malaysia. In 1995, Cabot built the world’s first facility dedicated to liquid mixing of elastomer composites in Port Dickson and has continued to develop this revolutionary technology at that site.
BOSTON–(BUSINESS WIRE)–May 6, 2019– Cabot Corporation (NYSE: CBT) today announced results for its second quarter of fiscal year 2019.
- Positive impact from calendar year 2019 tire customer agreements more than offset by pricing weakness in China in Reinforcement Materials
- Performance Chemicals impacted by soft automotive demand and a less favorable product mix
- Announced agreement to divest Specialty Fluids segment in transaction valued at $135 million
- Continued commitment to return cash to shareholders with $70 million of dividends and share repurchases in the quarter
On 25 November, Cabot Corporation’s Ville Platte, Los Angeles carbon black manufacturing facility celebrated 75 years in operation. Established in 1943, Cabot Ville Platte is the oldest plant in Cabot’s network, and today operates four manufacturing units that produce 11 different grades of carbon black, primarily sold to customers throughout North America for rubber reinforcement applications.
BOSTON—Cabot’s reinforcement materials segment, which includes its rubber carbon black business, has posted a 33 percent year-on-year growth in full-year earnings (EBITDA) to $350 million.