Cabot Malaysia to Close Carbon Black Manufacturing Facility
“We continuously evaluate how to best serve our customers, wherever they
may have needs for our products and services around the globe,” said
The decision, which will affect approximately 90 carbon black employees, was because of the facility’s manufacturing inefficiencies and raw materials costs. Cabot remains committed to engaging with customers currently served from the Port Dickson plant to determine how best to meet their needs during and after the shutdown of Malaysian production.
“One of Cabot’s competitive strengths is its global manufacturing
footprint, including extensive capacity throughout the
“We wish to recognize our colleagues in Port Dickson, who have worked so
hard over the years to take care of our customers,” said
The closure of the plant is expected to result in one-time cash and
non-cash charges to the joint venture of approximately
ABOUT
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
Vanessa Craigie, 617-342-6015
Corporate
Communications
or
Erica McLaughlin, 617-342-6090
Investor
Relations