Cabot-cblack

Cabot making gains in tire market, China

Boston, Massachusetts – Cabot Corp.’s reinforcement materials division is benefiting from striking better deals for its tire carbon blacks and a strengthening of markets in China, the company indicated in a 1 Feb results summary for its fiscal first quarter.

For the three months ended 31 Dec 2016, earnings (EBIT) in Cabot’s reinforcement materials segment increased by $14 million (€13 million) year-on-year, on higher unit margins and volumes, linked to 2016 customer agreements, and improved demand in China.

In terms of volume growth, however, Asian volumes were…

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