Cabot Corp. (NYSE: CBT), the world’s largest manufacturer of aqueous inkjet pigment dispersions, has completed a $10 million capacity expansion project at its Haverhill, Mass., inkjet facility.
“As our dispersions deliver high optical density with the best durability in the market, we recognized a new opportunity to grow our inkjet business to meet our customers’ need for high performance, quality products for the growing commercial market,” said Julie Planchet, general manager, Cabot inkjet colorants. “By growing our color pigment dispersion business, we are able to expand our position as a strategic partner to more original equipment manufacturers. Furthermore, with color inkjet printing making in-roads into sizeable markets for transactional, book, direct mail, graphics, labels, packaging and signage, we see the potential for growth across a variety of printing applications.”Cabot’s Haverhill expansion project started in summer 2011 and was officially completed at the end of March 2012. The project’s successful completion is due largely to Cabot’s safety performance, teamwork, and collaboration with local and state officials. During the construction of the project, Cabot achieved a major safety milestone by logging over 31,000 contractor hours without any recordable injuries. “In Haverhill we are making a concerted effort to support economic development in our city and spur long-term growth,” said William Pillsbury, City of Haverhill Economic Development and Planning Director. “We are excited that we could be a part of this expansion project, and we recognize the benefits that Cabot’s site will have on the city. With a 30 percent increase in production staff, the expansion is already proving beneficial for job creation, enhancing economic development and long-term strategic growth for Haverhill.” About Cabot Corporation Cabot Corporation is a global specialty chemical and performance materials company headquartered in Boston, Massachusetts, USA. Cabot's major products include carbon black, fumed silica, inkjet colorants, aerogel, elastomer composites, and cesium formate drilling fluids. The company’s website is: 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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