Winners selected based on job growth, expansion and investment,
and community involvement
BOSTON--(BUSINESS WIRE)--Oct. 29, 2012--
Cabot
Corporation (NYSE: CBT) has been named as a bronze winner for the
Team Massachusetts Economic Impact Awards, awarded annually by MassEcon
(Massachusetts Alliance for Economic Development). The awards celebrate
companies that have made an outstanding contribution to the
Massachusetts economy. The winners from each region will be recognized
at an awards luncheon on November 20th at the Seaport Hotel
in Boston. Over 400 are expected to attend, including featured speaker
Governor Deval Patrick.
Cabot Corporation earned this prestigious award due to its recent $10
million capacity expansion project at its Haverhill, Massachusetts,
inkjet facility. This expansion resulted in a 30 percent increase in
production staff and doubles the production capacity of Cabot’s CAB-O-JET
small molecule color and polymer-attached pigment dispersion lines. The
project is instrumental in supporting Cabot’s growth in the emerging
office segment of inkjet printing, as well as the commercial inkjet
printing market.
“We are honored to be recognized for impacting the local Massachusetts
economy through our plant expansion and job creation in Haverhill,” said
Patrick Prevost, President and Chief Executive Officer, Cabot
Corporation. “Massachusetts has been our home for 130 years and it’s
been a great place for us to grow our businesses and attract some of the
best talent. We look forward to further growth as we identify new
opportunities to meet future customer and market needs.”
“The key to our economic recovery is innovation, and these Team
Massachusetts Impact Award winners exemplify that innovative spirit,”
said Greg Bialecki, the Secretary of Housing and Economic Development.
“Continuing to support and grow the innovation economy is one of the
central goals of the Patrick-Murray Administration's economic
development plan, and we look forward to seeing these companies continue
to grow in the future.”
MassEcon selected the winners based on job growth, facility expansion,
and investment since January 1, 2011, as well as other criteria
including community involvement. Finalists competed on a regional basis,
defined as West, Central, Southeast, Northeast, and Greater Boston.
“MassEcon is proud to celebrate these companies for staying and growing
here. We appreciate the commitment and investment these companies have
made in Massachusetts. It’s especially gratifying to see growth
occurring in all regions of the state,” stated Susan Houston, Executive
Director of MassEcon.
The complete list of winners for the 9th ANNUAL TEAM MASSACHUSETTS
ECONOMIC IMPACT AWARDS is listed below:
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NORTHEAST:
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WEST:
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Gold: Acme Packet - Bedford
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Gold: Savage Arms – Westfield
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Silver: Thermo Fisher Scientific - Tewksbury
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Silver: Polymer Corp – Palmer
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Bronze: Cabot Corp – Haverhill
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Bronze: Thing5 – Springfield
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SOUTHEAST:
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GREATER BOSTON:
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Gold: Sysco Boston – Plympton
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Gold: Vecna Technologies – Cambridge
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Silver: Cheer Pack – W. Bridgewater
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Silver: Pegasystems – Cambridge
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Bronze: Lacerta Group - Mansfield
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Bronze: Brightcove – Boston
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CENTRAL:
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Rising Stars
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Gold: IPG Photonics – Oxford
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Aquabotix – Fall River
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Silver: Quiet Logistics – Devens
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Boston Heart Diagnostics – Framingham
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Bronze: Classic Envelope – Douglas
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Pharmalucence- Billerica
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About Cabot Corporation
Cabot
Corporation (NYSE: CBT) is a global specialty chemicals and
performance materials company, headquartered in Boston, Massachusetts.
The company is the world’s No. 1 producer of rubber and specialty grade carbon
black, activated
carbons, inkjet
colorants and cesium
formate drilling fluids and has market-leading positions in fumed
silica, aerogel,
and elastomer
composites. For more information on Cabot, please visit the
company’s website at: http://www.cabotcorp.com.
About MassEcon
MassEcon, founded in 1993, is a non-profit partnership of the private
and public sectors dedicated to marketing Massachusetts as a competitive
location for business. Its services include the state's only Site
Finder Service, which helps expanding and relocating companies find
appropriate sites throughout the Commonwealth; the Research &
Information Service, which provides companies with the information
they need to evaluate the Commonwealth as a location to grow; and the Massachusetts
Ambassadors, a network of civic and corporate leaders who help
market Massachusetts as a place to do business. Through these channels,
and in conjunction with state, regional, and local partners, MassEcon
has helped facilitate the location of over 250 companies including
Bristol-Myers Squibb, Straumann USA, Merck, and American Superconductor.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50453618&lang=en
Source: Cabot Corporation
Cabot Corporation
Vanessa Apicerno, 617-342-6015
Media
Relations
or
Erica McLaughlin, 617-342-6090
Investor
Relations
