ERJ staff report (TB)
Boston, Massachusetts -- Carbon black producer Cabot Corp. has pledged $500,000 (euro 345 million) to support earthquake and tsunami relief efforts in Japan.
Boston-based Cabot said it is donating $100,000 to the social welfare divisions Aizu-Wakamatsu City and Fukushima Prefecture at the request of its employees in Japan. Cabot operates carbon black plants in Chiba and Shimonoseki, Japan, and a business office in Tokyo.
Cabot also will donate $400,000 to local organisations dedicated to providing relief or rebuilding communities.
â€œWe hope that our contributions today will provide some measure of relief and support,â€ said Cabot President and CEO Patrick Prevost.
The donations are being made by the Cabot Corp. Foundation, Inc., which supports outreach activities in local communities where Cabot operates. The Foundation will work with Cabot Japan to identify the greatest areas of need.
â€œWe are grateful for the foundation's support to our local communities,â€ said Nobumasa Ishiai, Cabot Japan president. â€œOur employees especially appreciate the contribution to Fukushima. We felt strongly we wanted to support the people who are at the center of the crisis, as they need the most help.â€
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Article from Tire Business (a Crain publication)