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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with