Cabot close carbon black production facility at Malaysia

Cabot to close carbon black production facility at Malaysia

9:40 AM, 26th April 2013
Cabot to close carbon black production facility at Malaysia

BOSTON, US: Cabot Corporation announced that the Board of its joint venture carbon black company, Cabot Malaysia Sdn Bhd (CMSB), has decided to cease carbon black production facility at its Port Dickson, Malaysia, by the end of July 2013. Customer shipments from the plant are expected to continue for a period of time after production has been shut down. Cabot holds a 51 per cent equity share in CMSB.

The decision, which will affect approximately 90 carbon black employees, was because of the facility’s manufacturing inefficiencies and raw materials costs. Cabot remains committed to engaging with customers currently served from the Port Dickson plant to determine how best to meet their needs during and after the shutdown of Malaysian production.

“We continuously evaluate how to best serve our customers, wherever they may have needs for our products and services around the globe. In order to do this profitably, we must make choices regarding our manufacturing assets. Cabot and the CMSB Board have reached the decision that our carbon black plant in Malaysia is not well positioned to efficiently serve our customers in Southeast Asia on a long-term basis,” said Dave Miller, President, Reinforcement Materials Segment, Cabot.

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