Cabot Corporation (NYSE: CBT) reported that the U.S. Department of Commerce (DOC) has announced the preliminary results of its sixth annual administrative review of the antidumping duty order on imports of steam activated carbon from the People’s Republic of China. The preliminary margins are significantly higher than the previous rates for imports from Chinese producers of steam activated carbon entering the United States.
The preliminary margins calculated by the DOC range from $2.05/kg to $3.77/kg and apply to steam activated carbon that entered the United States between April 1, 2012 and March 31, 2013. Final antidumping margins in connection with this review are subject to change and vary depending on the manufacturer.
“We are pleased with the preliminary margins announced by the Commerce Department,” said Friedrich von Gottberg, president, Cabot Purification Solutions Segment. “We continue to believe that the anti-dumping order is helping to level the playing field in the U.S. activated carbon market. Our Cabot Norit Activated Carbon team will continue to provide our customers with high-quality products and an unmatched level of supply assurance from our North American manufacturing facilities.”
Cabot’s North American activated carbon manufacturing facilities are located in Pryor, Okla., Marshall, Texas, and Bienfait, Saskatchewan.The antidumping order went into effect on April 27, 2007, and was extended in early 2013 for an additional five years in connection with a sunset review proceeding. As a result, the order will remain in place until at least 2017, when a second sunset review proceeding will be undertaken. About Cabot Corporation Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica,and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot’s business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.
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