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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 site’s Phase I manufacturing capacity will be 130,000 metric tons of carbon black per year. As a result, Cabot’s overall carbon black manufacturing capacity in China increases by 25%. The addition of Xingtai solidifies Cabot’s position as the world’s 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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January 20, 2015
19:21 EDTCBTCabot realigns business reporting segments to improve efficiency
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January 13, 2015
16:37 EDTCBTCabot announces 5M share repurchase plan, cancels previous authorization
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