BOSTON--(BUSINESS WIRE)--May 23, 2014--
Cabot
Corporation (NYSE: CBT) reported that the U.S. Department of
Commerce (DOC) has announced the preliminary results of its sixth annual
administrative review of the antidumping duty order on imports of steam
activated carbon from the People’s Republic of China. The preliminary
margins are significantly higher than the previous rates for imports
from Chinese producers of steam activated carbon entering the United
States.
The preliminary margins calculated by the DOC range from $2.05/kg to
$3.77/kg and apply to steam activated carbon that entered the United
States between April 1, 2012 and March 31, 2013. Final antidumping
margins in connection with this review are subject to change and vary
depending on the manufacturer.
“We are pleased with the preliminary margins announced by the Commerce
Department,” said Friedrich von Gottberg, president, Cabot Purification
Solutions Segment. “We continue to believe that the anti-dumping order
is helping to level the playing field in the U.S. activated carbon
market. Our Cabot Norit Activated Carbon team will continue to provide
our customers with high-quality products and an unmatched level of
supply assurance from our North American manufacturing facilities.”
Cabot’s North American activated carbon manufacturing facilities are
located in Pryor, Okla., Marshall, Texas, and Bienfait, Saskatchewan.
The antidumping order went into effect on April 27, 2007, and was
extended in early 2013 for an additional five years in connection with a
sunset review proceeding. As a result, the order will remain in place
until at least 2017, when a second sunset review proceeding will be
undertaken.
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.
Source: Cabot Corporation
Cabot Corporation
Investor Relations
Erica McLaughlin,
617-342-6090
or
Corporate Communications
John Shea,
617-342-6254
