Cabot Corporation (NYSE: CBT) reported that the U.S. Department of Commerce (DOC) announced the final margins calculated in regard to the fifth annual administrative review of the antidumping duty order on imports of steam activated carbon from the People’s Republic of China. Cabot is pleased with the final margins calculated by the DOC as they will help ensure fair pricing for imports of activated carbon from China. As a result of the DOC’s findings, importers of steam activated carbon from China will be required to make cash deposits of estimated antidumping tariffs when the activated carbon enters the U.S. Final antidumping margins in connection with this review vary depending on manufacturer and range from $0.03/kg up to $2.42/kg. These margins apply to imports of Chinese activated carbon that entered the United States between April 1, 2011 and March 31, 2012, and will set the cash deposit rate for future imports. “The final results of the Commerce Department’s administrative review make clear that Chinese producers of steam activated carbon are continuing to sell their products at unfair prices in the United States. The antidumping order, however, is working to level the playing field in the U.S. activated carbon market by assessing a duty that will help ensure those products are fairly traded,” said Friedrich von Gottberg, president, Cabot Purification Solutions Segment. “The antidumping duty order against steam activated carbon from China further promotes fair competition and helps Cabot Norit Activated Carbon continue to provide our customers high-quality products and an unmatched level of supply assurance from our three North American manufacturing facilities.” 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 CorporationCabot 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.