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.
NEW YORK, Jan. 12, 2017 /PRNewswire/ — Trends, opportunities and forecast in this market to 2021 by product (salts, carbon, oxides, silicates, hydroxides, and metals), polymer type (thermoplastic, thermoset, elastomers), end use industry (automotive, building & construction, industrial, packaging and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the polymer filler market looks promising with opportunities in the automotive, building & construction, industrial, and packaging industry. Global polymer filler market is expected to reach an estimated $49.1 billion by 2021 and is forecast to grow at a CAGR of 6.3% from 2016 to 2021. The major growth drivers for this market are increasing demand for plastic and rubber in the automotive and construction industry, along with filler’s ease of availability and cost efficiency.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing consumption of nano-filler for polymers and a growing demand for lightweight plastic products for automotive applications.
Cabot Corp. (NYSE:CBT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release) “
Other research analysts have also recently issued reports about the company. TheStreet cut Cabot Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Jefferies Group reiterated a “buy” rating and issued a $60.00 price target on shares of Cabot Corp. in a research note on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.40.
Cabot Corporation announced today that its wholly-owned subsidiary, Cabot (China) Ltd., has signed a joint venture agreement with Inner Mongolia Hengyecheng Silicone Co., Ltd (HYC), to form a joint venture to manufacture fumed silica in China. Cabot will hold an 80 percent share in the joint venture and HYC will own the remaining 20 percent.
The joint venture will invest approximately $60 million to build a world-class fumed silica manufacturing facility to be located in Wuhai, China. The new facility will have a manufacturing capacity of 8,000 metric tons of fumed silica per year. Subject to obtaining the necessary governmental and regulatory approvals, construction of the plant is expected to begin in early 2017 and will be completed in 2019.