Cabot Corporation selected based on job growth, investment and
facility expansion
BOSTON--(BUSINESS WIRE)--Sep. 17, 2012--
MassEcon has announced that Cabot
Corporation (NYSE: CBT), a global specialty chemicals and
performance materials company, has been named among nineteen finalists
from across the state for the Team Massachusetts Economic Impact Awards,
awarded annually by MassEcon. The awards celebrate companies that have
made an outstanding contribution to the Massachusetts economy. These
finalists, representing companies from the Merrimack Valley to the
Pioneer Valley, presented one-minute elevator pitches describing their
growth in the Bay State to a panel of judges and business leaders on
September 12, 2012 at the UMass Club in Boston. Secretary of Housing and
Economic Development, Greg Bialecki, was the featured guest at the event.
“As the state makes its way through economic recovery, we’re thrilled to
recognize the businesses in Massachusetts that are expanding such as
Cabot Corporation,” said Susan Houston, Executive Director, MassEcon.
“Our finalists demonstrate that growth in the Commonwealth is not
limited to one region or one industry. We are fortunate to have such a
diverse group of companies contributing to the prosperity of
Massachusetts.”
Cabot Corporation was chosen because of 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 further supports Cabot’s growth in the emerging office segment
of inkjet printing, and the commercial inkjet printing market.
“We are proud that our plant expansion and job creation have helped
support Massachusetts’ economic health and has been recognized by
MassEcon,” said Julie Planchet, general manager, Cabot inkjet colorants.
“This expansion presents a new opportunity to further grow our inkjet
business and meet our customers’ needs in growing markets such as
commercial printing. It also showcases our commitment to continuing to
grow in Massachusetts.”
MassEcon selected the finalists based on their job growth, facility
expansion, and investment since January 1, 2011, as well as other
criteria including community involvement. Together this year’s finalists
have added over 2,000 jobs to the Commonwealth, invested nearly $250
million, and expanded their facilities by more than 1.5 million square
feet since January 2011. Finalists compete on a regional basis, defined
as West, Central, Southeast, Northeast, and Greater Boston. From the
pool of finalists, a gold, silver, and bronze winner will be selected
from each region.
“Our world-leading innovation economy is driven by entrepreneurial
companies like the Team Massachusetts award finalists and other
companies like them around Massachusetts,” Greg Bialecki, the Secretary
of Housing and Economic Development added. “The Patrick-Murray
Administration appreciates the investment these firms are making in our
economy and our long-term economic development plan prioritizes the
innovation economy in an effort to help these companies succeed.”
The companies chosen as finalists for the 9th ANNUAL TEAM MASSACHUSETTS
ECONOMIC IMPACT AWARDS are listed below.
WEST:
Polymer Corporation – Palmer
Savage Arms
– Westfield
Thing5 – Springfield
SOUTHEAST:
Aquabotix – Fall River
Cheer Pack
– West Bridgewater
Lacerta Group – Mansfield
Sysco
Boston LLC – Plympton
NORTHEAST:
Acme Packet – Bedford
Cabot
Corporation – Haverhill
EMD Millipore – Billerica
Pharmalucence
– Billerica
Thermo Fisher Scientific – Tewksbury
CENTRAL:
Classic Envelope – Douglas
IPG
Photonics Corporation – Oxford
Quiet Logistics -- Devens
GREATER BOSTON:
Boston Heart Diagnostics – Framingham
Brightcove– Boston
Pegasystems– Cambridge
Vecna
Technologies – Cambridge
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, non-partisan entity that
serves as the state’s private sector partner in promoting Massachusetts
as the premier choice for business growth. 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.
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Source: Cabot Corporation
Cabot Corporation
Vanessa Apicerno, 617-342-6015
Media
Relations
or
Erica McLaughlin, 617-342-6090
Investor
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