Cabot Corporation Announces Acquisition of NSCC Carbon (Jiangsu) Co., Ltd. Carbon Black Plant in China
Cabot has been actively exploring and implementing opportunities to increase capacity in its global carbon black network through plant expansions, operational improvements and debottlenecking projects. This bolt-on acquisition will further support Cabot’s growth objectives and broaden its capabilities to serve customers in
“This acquisition showcases the continued execution of our ‘Advancing the Core’ strategy,” said Cabot President and Chief Executive Officer
The plant is scheduled to be temporarily mothballed to conduct maintenance and technology upgrades. The upgrades to manufacturing and environmental equipment will enable the site to be more flexible to manufacture different carbon black products and meet ever-stricter environmental standards.
The purchase price, which is payable upon satisfaction of certain conditions, and the equipment and technology upgrades are expected to result in spending of approximately
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.
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Vanessa Craigie, 617-342-6015
Steve Delahunt, 617-342-6255