Cabot reinforcement segment reports jump in sales, earnings

Boston, Massachusetts – Cabot Corp.’s reinforcement materials segment, which includes its rubber carbon black business, has posted a 33% year-on-year growth in full-year earnings (EBITDA) to $350 million (€306 million).

Revenues for the segment rose 28% to $1.77 billion for the fiscal year ended 30 Sept, Cabot added in an annual results presentation issued 5 Nov.

The higher earnings, said Cabot, was driven by strong volume growth, expanded margins in Asia and improved pricing and product mix from customers – only partially offset by higher maintenance costs.

Cabot…