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Cabot launches 2 new ‘Propel’ Carbon Blacks for use in tyre treads

Cabot Corporation has launched two new carbon black products for tyre tread applications. According to the company, Propel E7 carbon black is engineered to reduce tyre rolling resistance and improve vehicle fuel economy. Propel D11 carbon black is designed to provide a high level of tread durability and is purposed for use in both short-haul truck and off-the-road vehicle tyres. Cabot has been showcasing the new products at Tire Technology Expo 2014 in Cologne, Germany.

12th February 2014/by Tyrepress Editors

Cabot completes Nhumo acquisition

Cabot Corporation has completed its acquisition of the equity stake owned by Grupo Kuo S.A.B. de C.V. in its Mexican carbon black manufacturing joint-venture, Nhumo, S.A.de C.V. The company says Nhumo is Mexico’s leading carbon black producer and the acquisition of Kuo’s interest strengthens Cabot’s global carbon black business and will help meet growing demand throughout North America. The Nhumo business will now be integrated into Cabot’s Reinforcement Materials segment. Under the terms of the agreement, Cabot will pay Kuo US$105 million, of which $80 million was paid upon closing. In addition, at closing, a special dividend payment will be paid to Nhumo shareholders, of which Cabot will receive $14 million.

21st November 2013/by Tyrepress Editors

Cabot investing in emissions reduction technology

Cabot Corporation, the second largest carbon black manufacturer in the United States, has agreed to pay a US$975,000 civil penalty and spend an estimated $84 million on state of the art technology to reduce emissions of nitrogen oxide (NOX), sulphur dioxide (SO2) and particulate matter (PM) from its carbon black plants in Franklin and Ville Platte, Louisiana, and Pampa, Texas. According to the U.S. Environmental Protection Agency (EPA) and the Department of Justice, these measures will resolve alleged violations of the New Source Review (NSR) provisions of the Clean Air Act (CAA) at these three facilities.

21st November 2013/by Tyrepress Editors

Cabot China output up 25 per cent

Cabot Corporation has said that its Chinese “output capacity” will rise 25 per ecnt along with the operation of a plant in Xingtai, Hebei province. However the company is also quoted by local news sources as saying that it will not seek to go public and make acquisitions in China.

10th September 2013/12,345 Comments/by Tyrepress Editors

Royalties from Cabot-Michelin agreement begin flowing

US-based speciality chemicals company Cabot Corporation has announced reaching “another key milestone” in its technology licensing agreement with Manufacture Francaise des Pneumatiques Michelin for use of Cabot’s patented elastomer composite technology in tyre applications. Regular royalty payments to Cabot have now begun and will extend through fiscal 2022.

30th January 2013/by Tyrepress Editors

Cabot names new investor relations director

Cabot Corporation has announced the appointment of Erica McLaughlin to the position of director of investor relations. McLaughlin will serve as the primary liaison between Cabot, its shareholders, and the investment community, succeeding Susannah Robinson, who will assume a role in the company's human resources organisation.

12th July 2011/by Tyrepress Editors

Evonik sells carbon black business to Rhône Capital

Evonik Industries has announced that it has signed an agreement with affiliates of Rhône Capital LLC to sell its carbon black business for over 900 million euros, including the assumption of certain obligations. For its part Evonik reports that it “continues to focus systematically on its core chemical businesses.” Carbon Black is being acquired intact as a whole, with its 1,650 employees, about 500 of whom are based in Germany.
The deal is subject to approval by Evonik’s supervisory board, antitrust authorities etc, but is expected to close during the summer of 2011.

18th April 2011/by Tyrepress Editors

Cabot China to build JV carbon black plant

Cabot (China) Ltd. has entered into a joint venture agreement with Risun Chemicals Company, Ltd. The wholly-owned Cabot Corporation subsidiary holds a 60 per cent equity interest in the joint venture, and on March 15 the two companies’ first shared undertaking was announced: Cabot and Risun are to erect a carbon black manufacturing facility in the Chinese city of Xingtai, some 250 miles south of Beijing. The plant is scheduled to be commissioned in early 2013 and will produce approximately 130,000 tonnes of carbon black annually with the potential for expansion to 300,000 tonnes. Advanced emissions control technology and energy recapture will be utilised at the new facility, Cabot notes.

16th March 2011/by Tyrepress Editors

Phillips Carbon Black withdraws from Evonik bidding

The race to acquire Evonik Industries’ carbon black business has narrowed following the withdrawal of Phillips Carbon Black from the final round of the bidding process. Dow Jones Newswires reports the company failed to submit a bid before the final deadline, leaving three or four contenders in the running – Advent International, Triton Partners, Rhone Capital, and possibly Cabot Corp., are said to still be interested.

7th March 2011/by Tyrepress Editors

Cabot to Meet Tyre Makers' Needs with 20% Expansion in Indonesia

PT Cabot Indonesia is investing US$10 million to increase the capacity of its plant in Merak, Banten, by 20 per cent. According to Dave Miller, executive vice president and general manager of Core Segment at Cabot, the expansion should be completed by the middle of next year and give the plant an annual capacity of 160,000 tons – a quantity needed should the plant continue to meet growing demand from the Indonesian tyre industry. Miller believes carbon black demand in Indonesia will reach 200,000 tons next year.

9th June 2010/by Tyrepress Editors

Former Cabot Man Brady Appointed Mascoma CEO

Following a career at Cabot Corporation spanning 23 years, executive vice president and general manager of the corporation's Core Segment and Americas Region William Brady has taken on the role of CEO at biofuel company Mascoma. Brady’s appointment, says Mascoma, reflects the company’s transition into commercial operation.

8th January 2010/by Tyrepress Editors

Cabot Corporation ‘Repositioning’ in Light of Weaker Demand

Cabot Corporation reports it is expecting a significantly lower volume of sales in the first quarter of the 2009 financial year, and has decided to embark on a series of “aggressive actions” to address these ongoing market challenges.

“Global weakness in the tyre, automotive and construction industries, intensified by customer inventory reduction, is causing significant volume declines during the first quarter of fiscal 2009 in each of our major geographies,” said Cabot president and CEO Patrick Prevost. “First quarter volumes in our Rubber Blacks, Performance Products and Fumed Metal Oxides Businesses are expected to be 20-30 per cent lower than in the same period last year.

16th December 2008/by Tyrepress Editors

Cabot Announces Fourth Quarter and Fiscal Year Operating Results

Carbon black producer Cabot Corporation has announced a net income of US$24 million ($0.36 per diluted common share) for its fourth quarter of 2007 period, including $5 million after-tax ($0.07 per diluted common share) of charges from certain items and discontinued operations, compared with net income of $27 million ($0.39 per diluted common share) for the fourth quarter of fiscal 2006, which included $16 million after-tax ($0.25 per diluted common share) of charges from certain items, discontinued operations and the cumulative effect of an accounting change.

For the full fiscal year 2007, the company announced a net income of $129 million ($1.90 per diluted common share), including $22 million after-tax ($0.32 per diluted common share) of charges from certain items and discontinued operations, compared wit the company’s full fiscal year 2006 net income of $88 million ($1.28 per diluted common share), which included $36 million after-tax ($0.54 per diluted common share) of charges from certain items, discontinued operations and the cumulative effect of accounting changes.

2nd November 2007/by Tyrepress Editors

Kuo and Cabot to Further Invest in Mexican Carbon Black Production

Grupo Kuo, S.A.B. de C.V., formerly known as Desc, S.A.B. de C.V. has announced that it and Cabot International Capital Corporation, shareholders of carbon black manufacturer Nhumo, S.A. de C.V. have approved capital investment plans for the Nhumo production facility in Altamira, Mexico. The capital investment plans include the installation of a new cogeneration unit, as well as machinery and equipment upgrades that will increase the plant’s nameplate production capacity to approximately 150,000 tonnes per year by 2008.

The additional capacity will allow Nhumo to respond to increasing demand for carbon black in Mexico, already one of the world’s highest volume traders in the commodity. Kuo ranks as one of Mexico’s largest industrial groups, with annual sales of approximately US$1.8 billion and some 10,500 employees.

22nd May 2007/by Tyrepress Editors

Cabot Announces First Quarter Results

Tyre industry carbon black supplier Cabot Corporation has announced a net income of US$54 million for the first quarter of 2007. This is almost double their net income for the same fiscal period a year ago, in which a net income of US$24 million was achieved.

26th January 2007/by Tyrepress Editors