Cabot To Build Carbon Black Plant in Tianjin, China
Boston, MA and Shanghai, China - Cabot Corporation (CBT/NYSE) announced yesterday that it will expand its existing relationship with joint venture partner Shanghai Coking and Chemical Company to build a Carbon Black plant in Tianjin, China. The first production unit is scheduled to begin producing product in early 2006 with an estimated annual capacity of 50,000 MT. Expansion of the plant is currently planned for later in 2006.
William J. Brady, Executive Vice President and General Manager, Carbon Black, said, "We are pleased with this expansion of our partnership with Shanghai Coking and Chemical Company and to be working with the Tianjin Economic and Technological Development Area to build a world class carbon black facility. We have confidence that this expanded capacity will position us well to supply the growing China market."
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