Cabot sees continued recovery in volumes, profits

ERJ staff report (DS)

Boston, Massachusetts -- Cabot Corp says that although carbon black volumes remain below peak levels, profits and sales continue to increase

The company reported an increase of 22 percent in the volumes of carbon black shipped in the three months to June 2010. profitability increased by 30 percent.

The company said, "Volumes in China increased by 32% over the third quarter of fiscal 2009, in South America by 30%, in Asia Pacific, excluding China, by 27%, in North America by 24% and in the Europe, Middle East, Africa region by 2%. Sequentially, profitability rose by $3 million as global volumes increased by 3%, led by improvements in China and Asia Pacific, and results benefited from the achievement of certain milestones in our new business development efforts. "

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Press release from Cabot Corp.