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September 8, 2013
11:43 EDTCBTCabot and Risun Group complete new carbon black plant in Xingtai
Cabot Corporation and joint venture partner Risun Group announced the completion and commissioning of their new carbon black manufacturing facility in Xingtai, Hebei Province, China. Cabot and Risun invested approximately $140M in the new facility, with Cabot owning a 60% equity interest. Cabot and Risun broke ground on the new facility in April 2012. The siteís Phase I manufacturing capacity will be 130,000 metric tons of carbon black per year. As a result, Cabotís overall carbon black manufacturing capacity in China increases by 25%. The addition of Xingtai solidifies Cabotís position as the worldís leading producer of carbon black. The new plant also employs advanced emissions control and energy efficiency technology to minimize environmental impact and simultaneously reduce energy consumption.
News For CBT From The Last 14 Days
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February 1, 2016
16:22 EDTCBTCabot expects to reduce costs by approximately $55M in 2016
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16:21 EDTCBTCabot reports Q1 adjusted EPS 51c, consensus 52c
Reports Q1 revenue $603M, consensus $704.75M.
06:05 EDTCBTCabot says CEO Patrick Prevost 'not yet ready' to resume responsibilities
Cabot provided an update on the status of President and CEO Patrick Prevost's medical leave of absence. "Patrick has been increasingly engaged with the management team and the Board of Directors and he has been participating in various meetings in the office, in addition to working from home," said John O'Brien, Cabot's Non-Executive Chairman of the Board, speaking on behalf of the Board of Directors. "While Patrick continues to focus on his recovery, he is not yet ready to resume his full-time CEO responsibilities. As such, the Interim Office of the Chief Executive Officer will continue to report to the Board of Directors."

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