BOSTON--(BUSINESS WIRE)--
Cabot Corporation (NYSE: CBT) announces a planned investment in new capacity to enhance its production capabilities for plastic formulations specifically for conductive compounds and masterbatches for engineering thermoplastic applications. The strategic investment at its manufacturing facility in Pepinster, Belgium will support continued growth of Cabot’s Specialty Compounds business which aligns with Cabot’s broader strategy to drive application innovation and develop in the area of formulation solutions.
“This future investment will position Cabot to better serve our customers with new conductive solutions and masterbatch formulations, while at the same time increasing our ability to meet the needs of engineering thermoplastic segments. We expect recent growth trends to continue, especially in automotive applications, given macro trends such as light-weighting and the need for our customers to innovate in ways that reduce overall cost,” said Aaron Johnson, vice president for specialty compounds, EMEA and Americas. “The investment clearly demonstrates our commitment to our Specialty Compounds business and our willingness to invest to further serve evolving customer needs.”
Cabot has been formulating and selling conductive compounds for more than 30 years, and is a leader in the development and manufacture of products for use in applications including transportation, industrial packaging, electronic and electrical, and industrial safety. This planned investment will further strengthen Cabot’s commercial delivery capabilities and enable the company to expand into additional applications.
“Cabot is the only global integrated carbon black and black masterbatch producer. As such, we are uniquely positioned to engage with our customers to understand their specific requirements and deliver formulated solutions to meet their needs,” added Johnson.
Cabot is exhibiting at booth #E62, Hall 6 at the K 2016. To learn more about Cabot’s full portfolio of products for plastics applications, visit cabotcorp.com/plastics.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE: CBT) is a
global specialty chemicals and performance materials company,
headquartered in Boston, Massachusetts. The company is a leading
provider of rubber
and specialty
carbons, activated
carbon, inkjet
colorants, cesium
formate drilling fluids, masterbatches
and conductive compounds, fumed
silica and aerogel.
For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot’s business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.
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