viewCabot Corp

Cabot forms joint venture to build carbon black facility in China


Cabot Corp (NYSE:CBT) has signed a joint venture with Risun Coal Chemicals Group to construct a carbon black manufacturing facility in Xingtai City, China.

The joint venture, in which Boston-based Cabot will hold a 60% interest, will invest $100 million into the new facility, which will produce the black material used as a reinforcement in rubber and other specialty products.

"This investment builds on our strong position in China, where demand for carbon black continues to grow. Our investment will further build our presence in the region," said Cabot president and CEO Patrick Prevost.

Once commissioned in early 2013, the Xingtai facility will produce approximately 130,000 metric tons of carbon black annually, with the potential for expansion to 300,000 metric tons.

The joint venture between the two companies is supported by the Xingtai and China governments.

Cabot's major products are carbon black, inkjet colorants, aerogel and capacitor materials, among others.

Quick facts: Cabot Corp

Price: 43.6 USD

Market: NYSE
Market Cap: $2.52 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



IGas is a 'diverse business with lots of opportunities' says CEO Bowler

Onshore UK focused IGas’s (LON:IGAS) production currently is 850,000 barrels per year, but that is dwarfed by its shale acreage in the East Midlands. This compares favourably with major shale plays in the US, says Bowler, who believes the reserves are sufficient to provide all the UK’s gas...

3 hours, 25 minutes ago

2 min read