Completed Expansion Includes Advanced Processing and Testing
Equipment and Experienced Technicians to Serve the Asia Pacific Plastics
Industry
BOSTON--(BUSINESS WIRE)--Mar. 13, 2013--
Cabot
Corporation (NYSE: CBT) announces the completion of a significant
investment to establish a new plastics applications development
laboratory in Shanghai. The investment in plastics processing, testing
capabilities and skilled technicians allows Cabot to better serve and
collaborate with its customers in the China and Asia Pacific plastics
industry. The Shanghai laboratory leverages Cabot’s global capabilities,
networking with Cabot’s existing applications laboratories in Europe and
the U.S., to ensure the latest technologies and products for both
specialty carbon black and specialty black masterbatch and compounds are
implemented in the region.
According to Applied Marketing Information Ltd., polymer demand in Asia
is poised to grow from 98 million metric tons in 2011 to 126 million
metric tons in 2016. This is more than double the growth rate projected
for Europe and North America. As the Asia market continues to expand,
this applications lab is an important milestone for Cabot to support the
growth of the Asia plastics industry ensuring that its customers have
the latest and best products and services to enhance their product
performance for color, conductivity, and UV protection.
The new Shanghai laboratory contains the latest technologies and testing
equipment to provide global, best-in-class technical service. The lab is
capable of application testing and development that closely represents
Cabot’s customer applications. With this lab, Cabot can better meet the
unique requirements of its China and Asia based customers across a range
of critical applications including agricultural film and irrigation
pipe, gas and water pressure pipe, wire and cable jacketing, extrusion,
molding and compounding as well as conductive products for electrostatic
discharge protection.
"Cabot’s deep understanding of carbon black properties and specialty
masterbatch and compound formulations allows the company to deliver
innovations across the plastics value chain," said Fei Deng, Cabot vice
president, Performance Materials, Asia Pacific. "With the expanded
laboratory, we will be able to respond more quickly to our Asia Pacific
and global customers, expediting product support and facilitating new
product development. This investment enhances our ability to provide
differentiated products and services that enable the regional plastics
industry to offer value-added solutions to their customers."
Cabot is one of the largest specialty black masterbatch and compound
producers in the world. Its compounds are performance materials
comprised of a mixture of polymer, additives and carbon black that is
used in a wide range of thermoplastic applications such as
infrastructure and automotive. Typical end-use products include plastic
moldings, pipes, cable jacketing and film.
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, aerogel,
and elastomer
composites. 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
or
Erica McLaughlin, 617-342-6090
Investor
Relations
