BOSTON and TIANJIN, China, Oct. 23 /PRNewswire-FirstCall/ -- Cabot Corporation
(NYSE: CBT) announced today the commissioning of 150,000 metric tons of
manufacturing capacity at its carbon black facility in Tianjin, China,
bringing the plant's annual production capacity to nearly 300,000 metric tons.
The state-of-the-art manufacturing facility is a project of Cabot Chemical
(Tianjin) Co., Ltd., an equity joint venture between Cabot (China) Limited,
and Shanghai Coking Chemical Company, a member of the Huayi Group. Cabot and
Shanghai Coking have been joint venture partners since 1988.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000323/CABOTLOGO )
Commenting at the official ceremony marking the start-up, Cabot's President
and CEO Mr. Patrick Prevost said, "Cabot is pleased with the successful
start-up of this capacity. It makes Tianjin the largest and most
technologically advanced carbon black manufacturing site in the world. The
continued support of officials in China and the dedication of our highly
skilled local workforce have made this possible. China is a key geography in
Cabot's future growth and this facility is a critical asset to allow us to
meet customers' strong demand for high quality carbon black products."
Dr. Xinsheng Zhang, Vice President and General Manager of Cabot's Asia Pacific
region said, "This project includes the latest technologies for energy
recovery and flue gas de-sulphurization. The successful construction and
startup of this state-of-the-art capacity are the result of the project team's
strong engagement and important support from the Tianjin and TEDA governments
and our long time partner, Shanghai Coking. With its product quality and
service, Cabot continues to create value for the China carbon black market."
Mr. Hu Gongming, Chairman of Cabot Chemical (Tianjin) Co., Ltd and Party
Secretary of Shanghai Coking Co., Ltd. commented, "Effective execution of this
project reflects the strength of our longstanding relationship with our
partner, Cabot Corporation. We look forward to building on the success of this
relationship."
Cabot Corporation, headquartered in Boston, Massachusetts, is a global
performance materials company. Cabot's major products are carbon black, fumed
silica, inkjet colorants, aerogels, capacitor materials, and cesium formate
drilling fluids. The Company's website is: http://www.cabot-corp.com
Shanghai Coking & Chemical Corp was founded in 1958, and is one of the largest
manufacturers of methanol and coke products in China. The Company's website
is www.shcoking.com.cn
SOURCE Cabot Corporation
Susannah Robinson, Director, Investor Relations of Cabot Corporation,
+1-617-342-6129, susannah_robinson@cabot-corp.com
