BOSTON--(BUSINESS WIRE)--Oct. 8, 2015--
Cabot
Corporation (NYSE: CBT) reported that the U.S. Department of
Commerce (DOC) announced the final margins calculated in connection with
the seventh annual administrative review of the antidumping duty order
on imports of steam activated carbon from the People’s Republic of China.
The final margins calculated by the DOC will help ensure fair
competition for activated carbon products sold in the United States.
Final antidumping margins in connection with this review vary depending
on manufacturer. Out of the many steam-based activated carbon suppliers
in China, all but one were assessed with tariffs ranging from $1.05 to
$2.42 per kg for imports into the U.S. These margins apply to imports of
Chinese activated carbon that entered the United States between April 1,
2013 and March 31, 2014, and will set the cash deposit rates for future
imports. The cash deposit rates will remain in effect until the DOC
announces the final results of the current, on-going eighth annual
administrative review that will likely take place in November 2016.
“We are satisfied with the higher antidumping duties announced by the
Commerce Department to offset the pricing practices of Chinese producers
of steam activated carbon,” said Friedrich von Gottberg, president,
Cabot Purification Solutions Segment. “The antidumping order is helping
to establish a level playing field in the U.S. activated carbon market
and allows our Cabot Norit Activated Carbon team to continue to provide
our customers with high-quality products and an unmatched level of
supply assurance from our three North American manufacturing facilities.”
The antidumping order went into effect on April 27, 2007, and was
extended in early 2013 for an additional five years in connection with a
sunset review proceeding. As a result, the order will remain in place
until at least 2017, when a second sunset review proceeding will be
undertaken.
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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151008006234/en/
Source: Cabot Corporation
Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate
Communications
vanessa.craigie@cabotcorp.com
