Cabot carbon black earnings up despite Asian sales dip

Boston, Massachusetts – Cabot Corp has posted a 9.4-percent, year-on-year rise in third quarter earnings (EBIT) at its reinforcement materials business, to $35 million  – despite a sharp drop in sales.

Sales of reinforcement materials fell 24 percent to $270 million, said Cabot, noting that the earnings gains were due mainly to cost-saving initiatives, the company reported 28 July.

Cabot recorded a 2-percent fall in rubber black sales year-on-year, including an 8-percent drop in Asia, partly offset by increases of 6 percent and 2 percent in the Americas and…

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