This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cabot And Risun Group Complete New Carbon Black Plant In Xingtai

Stocks in this article: CBT

Cabot Corporation (NYSE: CBT) and joint venture partner Risun Group announced the completion and commissioning of their new carbon black manufacturing facility in Xingtai, Hebei Province, China.

Cabot and Risun invested approximately $140 million in the new facility, with Cabot owning a 60 percent equity interest. Cabot and Risun broke ground on the new facility in April 2012. The site’s Phase I manufacturing capacity will be 130,000 metric tons of carbon black per year. As a result, Cabot’s overall carbon black manufacturing capacity in China increases by 25 percent. The addition of Xingtai solidifies Cabot’s position as the world’s leading producer of carbon black. The new plant also employs advanced emissions control and energy efficiency technology to minimize environmental impact and simultaneously reduce energy consumption.

“This new facility is a part of our long-term commitment to the tire industry as we seek to meet our customers’ needs across the globe,” said Patrick Prevost, Cabot president and chief executive officer. “Through the use of state-of-the-art technology in our new Xingtai plant, we will be able to supply high-performance carbon black products to the Chinese and Asia-Pacific markets. Through our investment in process equipment and infrastructure we are also able to increase our energy efficiency and minimize our environmental footprint.”

As we continue to strengthen our global carbon black business, we want to thank the Hebei Provincial Government, the Xingtai Municipal and County Governments, and Risun Group for their support,” continued Prevost.

Cabot continuously seeks to improve product solutions for the tire industry in order to help tire manufacturers meet the ever increasing performance demands for their products. The Xingtai plant will utilize state-of-the-art proprietary technology to produce Cabot’s ultra-reinforcing products VULCAN® 9, VULCAN® 10H and VULCAN® 10HD, that are key materials for producing high-performance tires.

“As global demand for high-performance reinforcing materials continues to grow within the tire industry, our product portfolio and R&D efforts ensure that we can provide our customers with the right products, in the right place, at the right time,” said Dave Miller, president, Reinforcement Materials Segment. “We are continually working to stay ahead of market demands, and the new Xingtai plant will enable us to deliver our most highly reinforcing carbon black products while strengthening our position in China.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs