BOSTON – Effective October 1, 2018, or as contracts allow, Cabot Corporation will increase prices, up to 7 percent globally, for its PLASBLAK® masterbatches as well as its CABELEC® conductive compounds and concentrates. This price increase is required to offset the dramatic rise in raw material costs. The increase will help to ensure that Cabot remains a reliable, long-term supplier of high quality products and services.
Boston, Massachusetts – Cabot Corp. has reported a 45% year-on-year rise in earnings (EBIT) to $74 million at its Reinforcement Materials unit for its fiscal third quarter lifting margins 2 percentage points to 16%.
Higher earnings, said Cabot, were driven mainly by “continued…
THE WOODLANDS, Texas, June 14, 2018 (GLOBE NEWSWIRE) — Nexeo Solutions, Inc. (NASDAQ:NXEO) and Cabot Corporation (“Cabot”) have expanded their agreement to distribute Cabot’s specialty carbon, fumed silica, fumed alumina, dispersion, and aerogel product lines in Canada. …
“Working with Nexeo Solutions to distribute our high-value products to customers has proven to bring numerous benefits to our customers,” said Bill Masterson, Cabot North American Commercial Director, Performance Chemicals segment. “We are pleased to expand our partnership with Nexeo Solutions and believe that working with a global leader that shares our drive for technical innovation will help deliver meaningful benefits to our customers in Canada.”
NEW YORK, June 6, 2018 /PRNewswire/ — Trends, opportunities and forecast in carbon black market to 2023 by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging,…
THE WOODLANDS, Texas, Oct. 02, 2017 (GLOBE NEWSWIRE) — Nexeo Solutions, Inc. (NASDAQ:NXEO) a leading global chemicals and plastics distributor, announced a new distribution agreement with Cabot Corporation (NYSE:CBT) a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts.
This new agreement starting in October will make Cabot’s specialty carbon, fumed silica, fumed alumina, dispersions, and aerogel product lines available to current and prospective U.S. based Nexeo customers in the states of Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New York, New Jersey, North Dakota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin.
Nexeo Solutions was chosen for its ability to continue Cabot’s tradition of high-quality customer care and technically capable sales support. Through this agreement, Cabot will enhance customer engagement by leveraging Nexeo Solutions’ market specific commercial and technical expertise that aligns with Cabot’s product lines. In addition, Cabot will benefit from Nexeo Solutions’ complementary product offerings as well as their strong infrastructure and integrated systems.
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.”
Two leading carbon black suppliers–Cabot and Birla Carbon– have announced increase in prices of carbon black products to partially offset the rise in cost of production.
Cabot said it will increase prices on all carbon black products in its reinforcement materials segment sold in Europe, the Middle East and Africa (EMEA) effective June 12, 2017. Cabot will implement price adjustments in the range of €50-80 per MT, in addition to any applicable feedstock index-related adjustments, for rubber carbon black products.
Birla Carbon has announced it is increasing carbon black prices in Europe and Africa by €70/MT with effect from July 1, 2017. The company said the price increase is necessary to address a combination of factors such as market environment, raw material costs, and increasingly stringent regulatory requirements.
Cabot Corporation (NYSE:CBT) Director Patrick M. Prevost sold 62,400 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $57.48, for a total value of $3,586,752.00. Following the sale, the director now owns 315,620 shares of the company’s stock, valued at approximately $18,141,837.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cabot Corporation (NYSE:CBT) remained flat at $57.55 on Friday. 481,488 shares of the company traded hands. Cabot Corporation has a 1-year low of $39.52 and a 1-year high of $60.72. The stock has a market cap of $3.58 billion, a P/E ratio of 17.39 and a beta of 1.21. The firm has a 50-day moving average of $54.11 and a 200 day moving average of $51.59.
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…
Cabot Corporation (NYSE:CBT) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $53.80.
Several brokerages have recently issued reports on CBT. Zacks Investment Research upgraded shares of Cabot Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. Aegis began coverage on shares of Cabot Corporation in a report on Friday, January 13th. They issued a “hold” rating and a $59.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $60.00 target price on shares of Cabot Corporation in a report on Monday, November 7th. Finally, TheStreet cut shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 31st.
In other Cabot Corporation news, insider Hobart Kalkstein sold 4,890 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $51.80, for a total transaction of $253,302.00. Following the completion of the transaction, the insider now owns 28,745 shares in the company, valued at approximately $1,488,991. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gottberg Friedrich Von sold 19,553 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $51.05, for a total transaction of $998,180.65. Following the transaction, the insider now owns 26,207 shares of the company’s stock, valued at approximately $1,337,867.35. The disclosure for this sale can be found here. Corporate insiders own 2.48% of the company’s stock.