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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.
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November 11, 2015
16:20 EDTCBTCabot announces restructuring of Indonesian carbon black manufacturing
Cabot announced that its carbon black manufacturing facility in Merak, Indonesia will close. It is anticipated that manufacturing operations will cease by the end of January 2016. The decision, which will affect approximately 50 local employees, was driven by the Merak facility's financial performance over the past few years. Despite efforts to be competitive, the facility has suffered from low utilization rates. Asia is quickly becoming one regional market and this dynamic has created the need for our facilities to be even more cost competitive. As such, we will consolidate production in Asia by ceasing production at our Merak facility and using our Cilegon, Indonesia as well as other Asian and global carbon black production sites to meet the regional demand. Indonesia remains a strategic country for Cabot's carbon black business. Its tire manufacturing industry supplies growing local and global demand. Cabot is committed to engaging with customers currently served from the Merak plant to determine how best to meet their needs during and after the shutdown of production. Cabot will leverage its global manufacturing reach to continue to offer quality products and technical services to its customers in Indonesia as well as throughout Asia Pacific. Cabot expects the closure plan will result in a pre-tax charge to earnings of approximately $33M, of which approximately $8M of this amount is cash and $25M is a non-cash charge. Annual savings related to the closure are estimated to be approximately $8M, of which approximately $5M is cash.

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