Cabot-cblack

Cabot posts strong growth for reinforcement materials

Boston, Massachusetts – Cabot Corp. has seen a $16-million – 46% – jump in year-on-year earnings for reinforcement materials in the third quarter of 2017, ended 30 June.

The increase in earnings (EBIT), said the Boston-based speciality materials supplier on 1 Aug, was mainly driven by higher unit margins from favourable spot market pricing as well as better product mix.

The segment’s earnings, however, fell by $3 million compared to the second quarter of 2017, driven by higher costs.

Segment volumes decreased by 1% largely due to…

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