BOSTON--(BUSINESS WIRE)--Nov. 21, 2013--
Cabot
Corporation (NYSE: CBT) reported that the U.S. Department of
Commerce (DOC) announced the final margins calculated in regard to the
fifth annual administrative review of the antidumping duty order on
imports of steam activated carbon from the People’s Republic of China.
Cabot is pleased with the final margins calculated by the DOC as they
will help ensure fair pricing for imports of activated carbon from
China. As a result of the DOC’s findings, importers of steam activated
carbon from China will be required to make cash deposits of estimated
antidumping tariffs when the activated carbon enters the U.S. Final
antidumping margins in connection with this review vary depending on
manufacturer and range from $0.03/kg up to $2.42/kg. These margins apply
to imports of Chinese activated carbon that entered the United States
between April 1, 2011 and March 31, 2012, and will set the cash deposit
rate for future imports.
“The final results of the Commerce Department’s administrative review
make clear that Chinese producers of steam activated carbon are
continuing to sell their products at unfair prices in the United States.
The antidumping order, however, is working to level the playing field in
the U.S. activated carbon market by assessing a duty that will help
ensure those products are fairly traded,” said Friedrich von Gottberg,
president, Cabot Purification Solutions Segment. “The antidumping duty
order against steam activated carbon from China further promotes fair
competition and helps Cabot Norit Activated Carbon continue to provide
our customers 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.
Source: Cabot Corporation
Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate
Communications
vanessa.craigie@cabotcorp.com
or
Hilary
Banda, 617-342-6264
Marketing Communications
hilary.banda@cabotcorp.com
