Cabot to close plants as carbon black demand falls 29 percent

ERJ staff report (DS)

Boston, Massachusetts — Cabot Corp., the world’s largest carbon black producer — has said it will, “close four of its manufacturing operations and one regional office. In addition, Cabot plans to mothball assets at two sites, implement short worktime at one site and delay the start-up of new capacity in China.” The company did not specify which plants or which product areas would be affected.

The Company has already instituted hiring, travel and salary freezes, reduced capital spending plans by $50 million…

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