Receives Supplier Innovation Award for Strong Partnership with the
Michelin Group
BOSTON--(BUSINESS WIRE)--Sep. 23, 2015--
Cabot
Corporation (NYSE: CBT) was recently named the winner of the
Michelin Supplier Award 2015 for innovation from the Michelin Group.
After a rigorous assessment by a jury composed of members of the Group
Executive Council, Cabot was selected from among 450 companies for its
exceptional contributions to Michelin’s performance. Awards in three
categories including quality, innovation and corporate social
responsibility were presented at an event chaired by Jean Dominique
Senard, president of Michelin, in Clermont-Ferrand, France, on September
17, 2015.
Initiated in 2010, the Michelin Suppliers Awards recognize those
suppliers that are committed to building a genuine partnership with the
Michelin Group with a vision to drive greater shared competitiveness and
innovation for the future. Presented for the third time, awards were
given to six suppliers from around the world that have built a
partnership with the Michelin Group and are exemplary in meeting the
Group’s high standards over the past several years.
Terry Gettys, executive vice president Research and Development, who
presented Cabot’s President and CEO Patrick Prevost with the Supplier
Award for innovation, said, “Together with Cabot we have built a dynamic
of innovation through a whole range of projects, some of which have been
genuine breakthroughs in innovation for the benefit of our tires’
performance. Our philosophy is based on the desire to ‘grow together,’
to create more value and a shared value for our two companies.”
“We consider it a great honor to be the recipient of this award for
innovation as it is a reflection of our strong technological
capabilities and the ability of our products to drive value for our tire
customers,” said Sean Keohane, executive vice president and president,
Reinforcement Materials, Cabot Corporation. “We intend to continue
expanding and strengthening our innovation leadership, while
collaborating with our customers to provide them with a key competitive
edge. We have had strong collaboration with Michelin for decades, and we
look forward to extending our productive relationship well into the
future.”
“Tire manufacturers are increasingly being challenged to improve tire
performance, and our technology enables new tire design opportunities
that help to address this issue,” said Jay Doubman, vice president and
general manager, Tire, Reinforcement Materials. “We have a long history
of delivering value in the tire industry, and our technology leadership
and innovation make our products stand out in the field. Specifically,
our unique elastomer composites technology enables new tire design
opportunities for Michelin. This award is a testament to our deep
commitment to developing new and innovative solutions that exceed
customer expectations and help transform the tire industry.”
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150923005737/en/
Source: Cabot Corporation
Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate
Communications
or
Jennifer Shearman, 617-342-6180
Global
Marketing Manager
