Cabot opens Tianjin masterbatch plant
June 24, 2010 Cabot Corporation
Cabot Corporation Opens Masterbatch Facility In Dubai
Cabot Corporation has officially opened its black masterbatch manufacturing facility in the Jebel Ali Free Zone, Dubai. The plant has an initial production capacity of 25,000 metric tons per year with provision to expand to 75,000 metric tons in the future. Production is scheduled to commence in August 2010.
The state-of-the-art manufacturing facility includes the latest environmental and manufacturing technologies to ensure production of high-quality black masterbatches. Laboratories, administration offices, production and packaging are all located within the building.
The Dubai plant allows Cabot to better meet increasing demand for masterbatch in the Middle East, Europe and Asia Pacific regions. In recent years the Middle East has become a major producer of polyolefins and downstream compounds, currently producing approximately one-fifth of the world's polyethylene (PE) and polypropylene (PP).
Cabot Vice President and General Manager for the Performance Segment, Sean Keohane, said, "Within the Middle East there is already a strong demand for polyethylene and polypropylene compounds for use in building infrastructure for water supply, electricity, and telecommunications projects. These are key applications for black masterbatch. This new site offers significant quality and service advantages to Middle East producers who are global exporters of compounds."
About Cabot Corporation -- Established in 1882, Cabot Corporation is a global performance materials company headquartered in Boston, Massachusetts USA. The Company operates 37 manufacturing plants in 19 countries and employs approximately 4000 people. With advanced technologies and leading market positions in carbon black, fumed silica, inkjet colorants, capacitor materials, aerogels and cesium formate drilling fluids, the products that Cabot manufactures enable and improve customers products across a wide range of applications and industries. Among its businesses, Cabot is a leading global manufacturer of black masterbatches and conductive compounds and operates three plants in Europe (Belgium and Italy), one in Asia (Hong Kong) and one in the Middle East (Dubai). All current masterbatch manufacturing facilities are ISO 9001:2008 accredited.
Cabot Corp. Announces
Opening Ceremony of China Masterbatch Plant
First Fully Integrated Black Masterbatch Production in China
Cabot Corporation will host an opening ceremony today for its new Tianjin masterbatch plant. Cabot announced the beginning of construction in February 2011 with plans to invest approximately US$20 million for the black masterbatch plant inside its Tianjin facility, a joint venture with Shanghai Coking and Chemical Corporation, a subsidiary of Shanghai Huayi Group Company, Ltd.γCΨbWc, with annual nameplate capacity of approximately 45,000 metric tons and expansion capacity to 80,000 metric tons in the future. Part of the world's largest rubber and specialty carbon black facility, this state-of-the-art plant includes the latest environmental and manufacturing technologies to ensure production of high-quality masterbatches.
"This world scale plant is a milestone for Cabot because it is the first fully integrated black masterbatch production plant with our carbon black production facilities," said Patrick Prevost, Cabot president and chief executive officer. "We are excited about this new facility, not only because it's going to be the largest and most cost effective integrated facility, but also because it's going to improve the efficiency and the capability of the Tianjin operations. We appreciate the support of the Tianjin Economic Development Area and China governments in the continuing development of this facility."
Sean Keohane, vice president and general manager of Cabot's Performance Segment said, "Having a local manufacturing facility producing high-quality products to serve our customers will be a significant strength for Cabot. The Tianjin masterbatch plant will supply product to a broad range of industries, from key infrastructure applications to the rapidly expanding automotive sector. This new plant will support the growth of our customers in the Asia Pacific region with performance materials for their demanding applications."
Chairman of Shanghai Huayi Group Company, Ltd., Jin Minda, stated, "During the past 23 years, we have partnered with Cabot on business opportunities from Shanghai to Tianjin and we have achieved much success together. Cabot brings the China market not only new products, but also the most advanced technologies. We look forward to further cooperation with Cabot and continued success with this latest masterbatch operation."
Sep. 12, 2016
Cabot Corporation Announces Joint Venture
with Inner Mongolia Hengyecheng Silicone Co., Ltd to Build State-of-the-Art
Fumed Silica Plant
Cabot Corporation announced today that its wholly-owned subsidiary, Cabot (China) Ltd., has signed a joint venture agreement with Inner Mongolia Hengyecheng Silicone Co., Ltd (HYC), to form a joint venture to manufacture fumed silica in China. Cabot will hold an 80 percent share in the joint venture and HYC will own the remaining 20 percent. The agreement was signed following a ceremony on September 12th at the InterContinental Shanghai Ruijin Hotel.
The joint venture will invest approximately $60 million to build a world-class fumed silica manufacturing facility to be located in Wuhai GCs, China. The new facility will have a manufacturing capacity of 8,000 metric tons of fumed silica per year. Subject to obtaining the necessary governmental and regulatory approvals, construction of the plant is expected to begin in early 2017 and will be completed in 2019. The project will allow Cabot to meet the growing demand for its high-quality, high-performance fumed silica, enabled by a long-term reliable source of feedstock.
gGrowing in our core is a key component of our new corporate strategy, and todayfs announcement is confirmation of our ongoing commitment to this strategy. We are a market leader for fumed silica, and this investment will further strengthen our position in this core market,h said Sean Keohane, president and chief executive officer, Cabot Corporation. gCabot has achieved tremendous success over the years in China, and we continue to see great opportunities to innovate and support our customers while being a model for sustainable production in China. We are partnered with a leader in HYC, and through this partnership we will establish a world-class fumed silica production site in China.h
gThrough this planned investment, we will be able to further strengthen our market leadership position for fumed silica and promote growth in a variety of industries in China,h said Nick Cross, executive vice president and president, Performance Chemicals segment. gThis joint venture will provide a catalyst for growth in China and we look forward to serving local customers with high-quality products and solutions while capturing growth in the rapidly growing sectors of automotive, construction, renewable energy and other industries.h
gWe are pleased to partner with an industry leader and innovator such as Cabot to build this state-of-the-art fumed silica plant,h said Wang Yongquan, Chairman of Zhejiang Zhongcheng Holding Group Co., Ltd, parent company of HYC. gNot only will we have access to Cabotfs silica for use in our silicone compounding operation, but we also will be able expand production efficiencies through the utilization of a closed loop system.h
Cabot has had operations in China for almost 30 years, and currently operates four manufacturing sites in Shanghai, Xingtai, Jiangxi and Tianjin. The new plant in Wuhai will become Cabotfs seventh fumed silica plant throughout its network in Asia, Europe and the United States.
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.