February (2024)
Cabot Corporation: 2024 Q1 Results Link...
Cabot Corporation: Reinforcing: volumes up in Europe and Asia (+2% global), modest sequential volume improvements expected. EBIT improvements through favourable pricing and product mix from 2023 customer agreements. Performance: Volumes up 10% with sequential volume increase expected driven by seasonality. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2024 | 2023 | YoY, % | Notes |
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Carbon Black | Sales Revenue | Q1 | 851.0 | 854.0 | -.4 | 1 | Carbon Black | EBIT | Q1 | 154.1 | 115.4 | 33.5 | | Rubber Black | Sales Revenue | Q1 | 641.0 | 643.0 | -.3 | 2 | Rubber Black | EBIT | Q1 | 129.0 | 94.0 | 37.2 | | Rubber Black | Sales Vol YoY % | Q1 | 102.0 | 95.0 | 7.4 | 3 | Specialist Black | Sales Revenue | Q1 | 210.0 | 211.0 | -.5 | 4 | Specialist Black | EBIT | Q1 | 25.1 | 21.4 | 17.2 | |
November (2023)
Cabot Corporation: 2023 Q4 Results & FY2023 Link...
Cabot Corporation: FY 2023 results included: record EBIT in reinforcing materials driven by favourable CY2023 customer agreements in the face of a 5% volume decline due to prolonged destocking; Lower volumes in performance chemicals (except battery materials) due to an extended period of destocking and market weakness. Forward priorites include: Strategic investment in Battery Materials in US and EU; Expansion of reinforcement materials in Indonesia for Southeast Asia market growth; Debottlenecking of inkject capacity for packaging growth. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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Carbon Black | Sales Revenue | Q4 | 850.0 | 950.0 | -10.5 | 1 | Carbon Black | EBIT | Q4 | 160.6 | 145.2 | 10.6 | | Rubber Black | Sales Revenue | Q4 | 624.0 | 700.0 | -10.9 | 2 | Rubber Black | EBIT | Q4 | 134.0 | 109.0 | 22.9 | 3 | Rubber Black | Sales Vol YoY % | Q4 | 98.0 | 104.0 | -5.8 | 4 | Specialist Black | Sales Revenue | Q4 | 226.0 | 250.0 | -9.6 | 5 | Specialist Black | EBIT | Q4 | 26.3 | 36.2 | -27.4 | |
Cabot Corporation: Launches New REPLASBLAK™ Circular Black Masterbatch Link...
Cabot has launched its new REPLASBLAK™ product family of circular black masterbatches with certified material. Part of Cabot's EVOLVE® Sustainable Solutions, the launch includes three products which will be sold as the company’s first-ever ISCC PLUS certified black masterbatch products:
- REPLASBLAK rePE5475 100% circular black masterbatch leverages 100% ISCC PLUS mass balance certified material made from reclaimed carbons from end-of-life tire pyrolysis and mechanically recycled polyethylene. It delivers more than 60% GHG reduction in comparison to a standard black masterbatch and adheres to the ISCC PLUS voluntary add-on GHG emissions requirements. This medium tint product is targetted at the automotive, agricultural, packaging and construction markets.
- REPLASBLAK rePE5265 70% circular black masterbatch leverages 70% ISCC PLUS mass balance certified material made from mechanically recycled polyethylene. It reduces GHG emissions by nearly 50% in comparison to a standard black masterbatch and adheres to the ISCC PLUS voluntary add-on GHG emissions requirements. This high gloss and high jet product is targetted at sheet extrusion applications in the automotive market.
- REPLASBLAK rePE5250 60% circular black masterbatch leverages 60% ISCC PLUS mass balance certified material made from mechanically recycled polyethylene. It reduces GHG emissions by nearly 50% in comparison to a standard black masterbatch and adheres to the ISCC PLUS voluntary add-on GHG emissions requirements. This high tint product is targetted at the automotive market.
September (2023)
Cabot Corporation: Increasing Prices Globally for Specialty Carbon Blacks Link...
Cabot is raising prices globally by up to 9% for specialty carbon blacks. The price increases are necessary to address higher costs associated with manufacturing relating to inflationary pressures, maintenance and environmental compliance costs. Increases are effective from November 1, 2023 or as contracts allow.
Cabot Corporation: Enhances Cirularity and Traceability Via ISCC Certification Link...
Cabot has achieved International Sustainability and Carbon Certification (ISCC) PLUS certification at six of its facilities. Sites currently certified include three reinforcing carbon facilities in Europe and the Americas as well as two masterbatch and compounding facilities* in Europe and the Company’s Europe, Middle East and Africa regional headquarters. Cabot currently offers two ISCC PLUS certified products powered by EVOLVE® Sustainable Solutions, VULCAN® 7H-C circular reinforcing carbon and STERLING® SO-RC110 circular reinforcing carbon. These products are produced via a mass balance approach designed to trace the flow of materials through a complex value chain.
August (2023)
Cabot Corporation: 2023 Q3 Results Link...
Cabot Corporation: Lower replacement tire demand impacted reinforcement volumes across all regions. Specialist black impacted due to market weakness with key end markets remaining challenging. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2023/3 | 851.0 | 977.0 | -12.9 | | Carbon Black | EBIT | 2023/3 | 155.6 | 158.7 | -2.0 | | Rubber Black | Sales Revenue | 2023/3 | 624.0 | 707.0 | -11.7 | 1 | Rubber Black | EBIT | 2023/3 | 132.0 | 113.0 | 16.8 | 2 | Rubber Black | Sales Vol YoY % | 2023/3 | 92.0 | 105.0 | -12.4 | | Specialist Black | Sales Revenue | 2023/3 | 227.0 | 270.0 | -15.9 | 3 | Specialist Black | EBIT | 2023/3 | 23.6 | 45.7 | -48.3 | | Specialist Black | Sales Vol YoY % | 2023/3 | 92.0 | 102.0 | -9.8 | 4 |
Cabot Corporation: Increasing Prices for Rubber Carbon Black Products Manufactured in USMCA Link...
Cabot is increasing prices for all carbon black products sold by its Reinforcement Materials segment in North America, effective for all shipments on or after October 1, 2023, or as customer contracts allow. The price increase will range from 6% to 9%, depending on product and packaging type. The price increases are deemed necessary to cover increasing operational and maintenance based manufacturing costs as well as to further Cabot's sustainability objectives for itself and its customers.
Cabot Corporation: Joins US DOE's Better Plants Program Link...
Cabot has announced its partnership with the U.S. Department of Energy’s (DOE’s) Better Plants program. The voluntary partnership program aims to drive significant energy efficiencies across the US industrial sector. Cabot sees this as an opportunity to advance its energy efficiency performance twoards is net zero emissions goal by 2050. All of Cabot's current U.S.-based manufacturing sites are part of the program. The Better Plants program currently has more than 280 partners representing every major U.S. industrial sector and includes more than 3,600 facilities across the U.S. Through the initiative, partners share proven energy-efficiency strategies and best practices. Cabot anticipates being able to apply lessons learned from the partnership to help advance its energy efficiency improvement activities in the U.S. The Better Plants program works with leading U.S. manufacturers to set ambitious environmental goals and commit to reducing energy intensity by 25% over a 10-year period across all U.S. operations. By partnering with industry, the Better Plants program aims to help leading manufacturers boost efficiency, increase resilience, strengthen economic competitiveness and reduce their carbon footprint through improvements in energy efficiency.
May (2023)
Cabot Corporation: 2023 Q2 Results Link...
Cabot Corporation: Reinforcing margins improved due to favourable pricing and mix for 2023 customer agreements. Volumes down in reinforcing and performance chemicals due to COVID outbreaks in China, with performance chemicals also impacted by market softness. Volume growth continues in Battery Materials. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2023/2 | 913.0 | 893.0 | 2.2 | 1 | Carbon Black | EBIT | 2023/2 | 142.7 | 152.7 | -6.6 | | Rubber Black | Sales Revenue | 2023/2 | 672.0 | 627.0 | 7.2 | | Rubber Black | EBIT | 2023/2 | 122.0 | 101.0 | 20.8 | | Rubber Black | Sales Vol YoY % | 2023/2 | 93.0 | 103.0 | -9.7 | 2 | Specialist Black | Sales Revenue | 2023/2 | 241.0 | 266.0 | -9.4 | 3 | Specialist Black | EBIT | 2023/2 | 20.7 | 51.7 | -60.0 | | Specialist Black | Sales Vol YoY % | 2023/2 | 95.0 | 102.7 | -7.5 | 4 |
March (2023)
Cabot Corporation: Launches EVOLVE™ Sustainable Solutions Link...
Cabot has announced its EVOLVE™ sustainable solutions technology platform which develops reinforcing carbons in three sustainability categories:
- Recovered
- Reinforcing carbons leveraging circular value chains and materials recovered from end-of-life tires
- Renewable
- Reinforcing carbons from bio-based feedstocks and particles
- Reduced
- Reinforcing carbons with a reduced greenhouse gas footprint
The first EVOLVE™ product offerings are: Vulcan 7H-C circular reinforcing carbon black, an N234 carbon black made from ISCC PLUS certified tire pyrolysis oil which is a drop-in replacement for standard Vulcan 7H; and Sterling® SO-RC110 circular reinforcing carbon black produced using 10% ISCC PLUS recovered carbon material co-pelletised with Sterling SO carbon black (N550). Sterling SO-RC110 offers equivalent performance to Sterling SO.
February (2023)
Cabot Corporation: 2023 Q1 Results Link...
Cabot Corporation: Reinforcing volumes down 5% YoY due to customer destocking and COVID-19 outbreaks in China. Margins improved due to favourable pricing and product mix for 2022 customer agreements. Performance chemicals volumes down 8% driven by destocking, market softness and COVID outbreaks in China. Volumes for both segments are expected to improve moving into Q2 FY 2023. Growth in battery materials remains strong. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2023/1 | 854.0 | 768.0 | 11.2 | 1 | Carbon Black | EBIT | 2023/1 | 115.4 | 124.1 | -7.0 | | Rubber Black | Sales Revenue | 2023/1 | 643.0 | 541.0 | 18.9 | | Rubber Black | EBIT | 2023/1 | 94.0 | 85.0 | 10.6 | | Rubber Black | Sales Vol YoY % | 2023/1 | 95.0 | 104.0 | -8.7 | | Specialist Black | Sales Revenue | 2023/1 | 211.0 | 227.0 | -7.0 | 2 | Specialist Black | EBIT | 2023/1 | 21.4 | 39.1 | -45.2 | | Specialist Black | Sales Vol YoY % | 2023/1 | 92.0 | 97.0 | -5.2 | |
January (2023)
Cabot Corporation: Investing in U.S. Conductive Carbon Additives Capacity for Electric Vehicle Applications Link...
Cabot plans to add conductive carbon additives (CCA) capacity in the United States to support the transition to electric vehicles (EVs). Cabot plans to add conductive carbons capacity at its existing facility in Pampa, Texas, which is part of an approximately $200 million planned investment program over the next five years focused on expanding the company’s CCA production in the United States. CCAs are an essential component of lithium-ion battery chemistry and are used to provide sufficient electrical conductivity to the active materials. Cabot has the broadest portfolio of CCAs including conductive carbons, carbon nanotubes (CNT), carbon nanostructures (CNS), and blends of CCAs to deliver optimal performance. Additionally, the company’s global footprint of manufacturing assets, technology labs and commercial resources enables regional supply security support for its customers. Cabot expects to invest approximately $75-90 million to produce 15 kMTpa of conductive carbons at its existing facility in Pampa, TX. The project is expected to commence operations at the end of calendar year 2025. In addition to a manufacturing plant, Cabot also operates a research and development facility and pilot plant in Pampa that focuses on developing new process technology for battery and other applications.
November (2022)
Cabot Corporation: 2022 Q4 Results Link...
Cabot Corporation: Significant progress in key investments during 2022 focusing on battery material capacity and sales growth with a 58% volume growth in battery material sales during FY 2022. Reinforcing materials showed a 63% YoY EBIT improvement based on strong volume growth, better pricing and product mix. Successful implementation of price increases across the performance segment to recover rising costs. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2022/4 | 950.0 | 694.0 | 36.9 | 1 | Carbon Black | EBIT | 2022/4 | 145.2 | 98.8 | 46.9 | | Rubber Black | Sales Revenue | 2022/4 | 700.0 | 493.0 | 42.0 | | Rubber Black | EBITDA | 2022/4 | 126.0 | 85.0 | 48.2 | | Rubber Black | EBIT | 2022/4 | 109.0 | 67.0 | 62.7 | | Rubber Black | Sales Vol YoY % | 2022/4 | 104.0 | 106.0 | -1.9 | 2 | Specialist Black | Sales Revenue | 2022/4 | 250.0 | 201.0 | 24.4 | 3 | Specialist Black | EBITDA | 2022/4 | 49.6 | 44.6 | 11.1 | | Specialist Black | EBIT | 2022/4 | 36.2 | 31.8 | 13.8 | | Specialist Black | Sales Vol YoY % | 2022/4 | 103.0 | 102.0 | 1.0 | |
October (2022)
Cabot Corporation: Expands Engineered Elastomer Composites (E2C™) Portfolio Link...
Cabot Corporation has announced the expansion of its Engineered Elastomer Composites (E2C™) product line with the launch of two new products, E2C™ FX9570 and E2C™ EX9620 solutions. These solutions provide rubber manufacturers with additional options to design products for high durability in demanding operating environments. Furthermore, they deliver improvements in durability and heat minimization that have benefits in off-the-road tires like aircraft and port tires, truck tires used on rough surfaces, as well as in other industrial rubber products exposed to severe wear conditions or high operating temperatures. The E2C solutions family includes three performance series – Durability, Efficiency and Foundation. The E2C EX9620 product is the first solution released in the Efficiency series and is designed to enable cool-running rubber compounds with strong resistance to abrasion and cutting. EX9620 is optimally deployed in applications where rubber products are subject to excessive heat loads caused by high operating speeds, heavy loads, long duty cycles and/or high temperatures. The E2C FX9570 product is part of the Foundation series and enables high rubber durability in rough environments where cutting and chipping is prevalent, and duty cycles demand higher heat resistance. FX9570 lowers heat build-up by up to 20% versus conventional compounds.
Cabot Corporation: Increasing Speciality Carbon Prices Globally Link...
Cabot is raising prices globally for all shipments of speciality carbon blacks from 6th November 2022, or as contracts allow.The increase is required due to the rise in raw material and production related costs. Increases and timing will vary by region and product.
August (2022)
Cabot Corporation: 2022 Q3 Results Link...
Cabot Corporation: Reinforcement materials EBIT at record high driven by volume growth and improved customer agreements for pricing. Momentum in battery materials continues with a 60% YoY volume growth - Xuzhou facility commenced production in Q3 and Tianjin first phase upgrades are on track. Zuhai CNT dispersion capacity expansion completed. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2022/3 | 977.0 | 687.0 | 42.2 | 1 | Carbon Black | EBIT | 2022/3 | 158.7 | 122.1 | 30.0 | | Rubber Black | Sales Revenue | 2022/3 | 707.0 | 479.0 | 47.6 | 2 | Rubber Black | EBITDA | 2022/3 | 130.0 | 102.0 | 27.5 | | Rubber Black | EBIT | 2022/3 | 113.0 | 85.0 | 32.9 | | Specialist Black | Sales Revenue | 2022/3 | 270.0 | 208.0 | 29.8 | 3 | Specialist Black | EBITDA | 2022/3 | 58.8 | 49.4 | 18.9 | | Specialist Black | EBIT | 2022/3 | 45.7 | 37.1 | 23.4 | 4 | Specialist Black | Sales Revenue | 2022/3 | 270.0 | 208.0 | 29.8 | 5 | Specialist Black | EBITDA | 2022/3 | 58.8 | 49.4 | 18.9 | | Specialist Black | EBIT | 2022/3 | 45.7 | 37.1 | 23.4 | 6 |
June (2022)
Cabot Corporation: Increasing EMEA Prices for Reinforcing Carbon Blacks Link...
Cabot is increasing prices for all carbon black products sold by its Reinforcement Materials segment in EMEA, effective for all shipments on or after August 1, 2022 (contracts allowing). The price increase will vary by grade and source. Cabot is also increasing the feedstock surcharge applied to all carbon black products sold by its Reinforcement Materials segment in EMEA, effective for all shipments on or after August 1, 2022 (contracts allowing). This adjustment is necessary to reflect ongoing changes in the EMEA energy markets, which are impacting availability, quality, and logistics costs of feedstocks. Due to the extraordinary rise in working capital due to high feedstock and natural gas costs, payment terms extended to EMEA Reinforcement customers will be limited to a maximum of thirty days, effective for all shipments on or after August 1, 2022, or as customer contracts allow.
Cabot Corporation: Increasing USMCA Prices for Reinforcing Carbon Blacks Link...
Cabot is increasing prices for all carbon blacks sold by its Reinforcing Materials segment in North America from or after 1st August 2022 (contracts allowing). The price increases will range from$200/ton to $400/ton depending upon product and packaging type. Cabot is also increasing the feedstock surcharge applied to all carbon black products sold by its Reinforcement Materials segment in North America, effective for all shipments on or after August 1, 2022, or as customer contracts allow. The adjustment is stated as necessary to reflect ongoing changes in the North American refining industry due to regulatory changes, residual impacts from the COVID-19 crisis, and changes in crude oil inputs to refineries. Due to the extraordinary rise in oil prices and increased borrowing costs, payment terms extended to North America Reinforcement customers will be limited to a maximum of thirty days, effective for all shipments on or after August 1, 2022, or as customer contracts allow.
May (2022)
Cabot Corporation: Raising Global Pricing for CAB-O-SILTM Hydrophobic and Colloidal Silica Products Link...
Cabot is raising prices by up to 15% for its CAB-O-SIL™ hydrophobic and colloidal silica products effective from 1st July 2022. The price increases are due to increased costs associated with treating agents, transportation and operations.
Cabot Corporation: 2022 Q2 Results Link...
Cabot Corporation: Record segment quarterly EBIT results for Reinforcement Materials and Performance Chemicals. Battery material sales achieved with a top five battery producer. Divestiture of Purification Solutions business completed. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2022/2 | 893.0 | 637.0 | 40.2 | 1 | Carbon Black | EBIT | 2022/2 | 152.7 | 129.0 | 18.3 | | Rubber Black | Sales Revenue | 2022/2 | 627.0 | 434.0 | 44.5 | | Rubber Black | EBITDA | 2022/2 | 119.0 | 107.0 | 11.2 | | Rubber Black | EBIT | 2022/2 | 101.0 | 89.0 | 13.5 | | Rubber Black | Sales Vol YoY % | 2022/2 | 103.0 | 118.0 | -12.7 | 2 | Specialist Black | Sales Revenue | 2022/2 | 266.0 | 203.0 | 31.0 | 3 | Specialist Black | EBITDA | 2022/2 | 65.0 | 53.2 | 22.3 | | Specialist Black | EBIT | 2022/2 | 51.7 | 40.0 | 29.2 | | Specialist Black | Sales Vol YoY % | 2022/2 | 102.7 | 110.0 | -6.6 | |
March (2022)
Cabot Corporation: Increasing Prices Globally for Speciality Carbons Business Link...
Cabot Corporation is increasing prices globally for carbon black products sold by its speciality carbons business. The magnitude of increases was not specified and will vary by product and geography. The price increases are effective on or after April 15, 2022 (contract dependant). The increases are due to the signficant and rapid rise in prime raw material costs including oil and natural gas.
February (2022)
Cabot Corporation: Breaks Ground on Speciality Compounds Facility in Indonesia Link...
Cabot Corporation has broken ground on a new speciality compounds facility in Cilegon, Indonesia. The new facility is co-located with Cabot’s existing carbon black manufacturing site and will add 20,000 metric tons of annual global capacity for specialty compounds, including black masterbatch and conductive compounds. It is expected that the facility will be operational at the end of 2022. The new capacity provides a reliable, local supply to support the increasing need for specialty compounds in the rapidly growing masterbatch and conductive compounds market in Southeast Asia and globally. This demand is driven by economic growth in the region as well as the evolving mobility landscape, increases in sustainable infrastructure developments and a rise in the production of electrical devices to support global connectivity needs.
Cabot Corporation: 2022 Q1 Results Link...
Cabot Corporation: Strong momentum in battery materials with 58% YoY volume growth for Q1 and supporting expansions and acquistions in China. Reinforcement margins expected to benefit from 2022 customer agreements. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2022/1 | .0 | 559.0 | -100.0 | 1 | Carbon Black | EBIT | 2022/1 | .0 | 125.2 | -100.0 | | Rubber Black | Sales Revenue | 2022/1 | 541.0 | 375.0 | 44.3 | | Rubber Black | EBITDA | 2022/1 | 103.0 | 105.0 | -1.9 | | Rubber Black | EBIT | 2022/1 | 85.0 | 88.0 | -3.4 | | Rubber Black | Sales Vol YoY % | 2022/1 | 104.0 | 101.0 | 3.0 | 2 | Specialist Black | Sales Revenue | 2022/1 | 227.0 | 184.0 | 23.4 | 3 | Specialist Black | EBITDA | 2022/1 | 52.6 | 49.6 | 6.0 | | Specialist Black | EBIT | 2022/1 | 39.1 | 37.2 | 5.0 | | Specialist Black | Sales Vol YoY % | 2022/1 | 97.0 | 109.0 | -11.0 | |
December (2021)
Cabot Corporation: Collaborating with IFF Health and Biosciences to Develop Sustainable Reinforcing Additives Link...
Cabot Corporation has signed a Memorandum of Understanding (MOU) with IFF Health and Biosciences, a leader in world-class bio-science and engineering, for the development and commercialization of sustainable reinforcing additives for rubber products. Under the terms of the MOU, Cabot and IFF will exclusively work together to accelerate the advancement of innovative solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products. The two companies have been exploring the development of novel, highly sustainable rubber reinforcing additives based on the use of IFF’s Nuvolve™ engineered polysaccharide. Created by enzymatic polymerization of sustainable European sugar beets, Nuvolve™ engineered polysaccharide will be used as a rubber reinforcing material to be blended with Cabot’s reinforcing carbons. Under the terms of this new MOU, Cabot will lead the development and commercialization of this novel product as a complementary material to Cabot’s reinforcing carbons in rubber applications, leveraging the sustainability benefits of a renewable resourced material without compromising performance and safety.
November (2021)
Cabot Corporation: Signs Agreement to Divest Purification Solutions Business Link...
Cabot Corporation has entered into an agreement to sell its Purification Solutions business to One Equity Partners. This move allows Cabot to focus resources on its core business segments and to invest in strong growth and innovation areas such as battery materials.
Cabot Corporation: Acquiring Tokai Carbon (Tianjin) Co., Ltd Carbon Black Plant Link...
Cabot Corporation has entered a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group for $9 million, subject to customary closing adjustments. The carbon black plant, commissioned in 2006 is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. The acquisition is expected to support the growth of Cabot’s Battery Materials product line, while continuing to serve existing carbon black customers. The site currently produces up to 50 kMTpa of carbon black, Cabot plans to invest to upgrade the capabilities to produce battery grades as well as other carbon black products.
Cabot Corporation: 2021 Q4 Results Link...
Cabot Corporation: Expecting benefit from higher volumes in Reinforcement segment driven by strong forecasted tire production as well as higher pricing in 2022 calendar customer agreements with customers placing a premium on supply security. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2021/4 | 694.0 | 481.0 | 44.3 | 1 | Carbon Black | EBIT | 2021/4 | 98.8 | 76.3 | 29.6 | | Rubber Black | Sales Revenue | 2021/4 | 493.0 | 325.0 | 51.7 | | Rubber Black | EBIT | 2021/4 | 67.0 | 59.0 | 13.6 | 2 | Rubber Black | Sales Vol YoY % | 2021/4 | 106.0 | 89.0 | 19.1 | 3 | Specialist Black | Sales Revenue | 2021/4 | 201.0 | 156.0 | 28.8 | 4 | Specialist Black | EBIT | 2021/4 | 31.8 | 17.3 | 84.6 | 5 |
October (2021)
Cabot Corporation: Launching New Carbon Black with Low PAH Content Link...
Cabot has announced the launch of VULCAN® 3-LP, a new low PAH product for rubber applications. VULCAN 3-LP is a pelletized reinforcing carbon black engineered for rubber products requiring higher reinforcement, strength, abrasion and tearing resistance versus semi-reinforcing carbon blacks. This is the fourth product in the Cabot LP carbon black series for the use in applications that require a controlled, very low PAH content, such as consumer rubber goods as well as food and potable water contact applications.
Cabot Corporation: Increasing Global Prices for Speciality Carbon Blacks Link...
Cabot is increasing global pricing for speciality carbon blacks due to the significant rise in prime raw material costs across all regions. The price increases will be effective December 1st 2021 (contracts allowing). A surcharge on all shipments post November 1 2021 (contracts allowing) is also being added for speciality products produced in Europe, this surcharge is required to address the rapid increase in natural gas costs.
August (2021)
Cabot Corporation: 2021 Q3 Results Link...
Cabot Corporation: Strong rubber and speciality volumes expected to continue. Higher feedstock differentials expected in Q4 to be recovered in 2022 Q1. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2021/3 | 687.0 | 348.0 | 97.4 | 1 | Carbon Black | EBIT | 2021/3 | 122.1 | 9.4 | 1197.1 | | Rubber Black | Sales Revenue | 2021/3 | 479.0 | 197.0 | 143.1 | | Rubber Black | EBITDA | 2021/3 | 102.0 | 12.0 | 750.0 | | Rubber Black | EBIT | 2021/3 | 85.0 | -5.0 | 1800.0 | 2 | Specialist Black | Sales Revenue | 2021/3 | 208.0 | 151.0 | 37.7 | 3 | Specialist Black | EBITDA | 2021/3 | 49.4 | 24.7 | 100.0 | | Specialist Black | EBIT | 2021/3 | 37.1 | 14.4 | 157.2 | |
June (2021)
Cabot Corporation: Raising Rubber Carbon Black Prices in EMEA Link...
Cabot Corporation is increasing prices for all carbon black products sold by its Reinforcing Materials segment in EMEA effective July 1 or as contracts allow. Prices will increase by 115 Euro/MT in addition to index-related adjustments. Cabot state the price increases are necessary to cover rising manufacturing costs related to quality, regulations, environmental compliance, packaging and logistics.
May (2021)
Cabot Corporation: Increasing Prices for Rubber Carbon Black Products in North America Link...
Cabot is increasing North American prices of all Reinforcement Material Segment products by $0.06/lb effective July 1, 2021 or as contracts allow. These increases are justified to sustain operational efficiency and meet EPA initiatives which are adding to operational costs. Cabot is also adjusting its feedstock surcharge for Reinforcement Materials produced in North America from $0.03/lb (effective Oct 2019) to $0.05/lb effective July 1, 2021 (contracts allowing). The increased feedstock surcharge is necessary to address the rising premiums for rubber carbon black feedstock relative to fuel oil indices in North America. These premiums are being driven by changes in the crude oil refining industry, which in turn has been affected by the IMO 2020 regulations, reduced demand for gasoline since the start of the COVID-19 crisis, and several severe weather events.
RCCL Industry Analysis:
Analysis Snippet: USMCA Furnace Carbon Black Market Pricing
Short-term prospects for USMCA furnace carbon black margins and pricing is looking favourable for manufacturers. This is illustrated in the figure below using RCCL's weighted average grade pricing. The model assumes a constant forward trade balance which is reasonable given current political issues and international shipping costs. With demand recovery and tighter supply, further pricing announcements are expected from other manufacturers leveraging environmental and feedstock issues as justification.
RCCL models and benchmarks reference grades (including the weighted average) for China, Europe and USMCA. Forward pricing estimates are made by adjusting margin based on expected market availability which is derived from domestic supply and demand and trade balance. Pricing forecasts can be done assuming constant variable costs (as per above) or using client feedstock estimates.
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Cabot Corporation: 2021 Q2 Results Link...
Cabot Corporation: Expect volumes to remain strong in 2H 2021 with flow-through of higher FS costs in Asia. Well positioned to capture siginficant growth in lithium ion battery developments. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2021/2 | 637.0 | 523.0 | 21.8 | 1 | Carbon Black | EBIT | 2021/2 | 129.0 | 82.3 | 56.9 | | Rubber Black | Sales Revenue | 2021/2 | 434.0 | 355.0 | 22.3 | | Rubber Black | EBIT | 2021/2 | 89.0 | 61.0 | 45.9 | 2 | Rubber Black | Sales Vol YoY % | 2021/2 | 118.0 | 86.0 | 37.2 | 3 | Specialist Black | Sales Revenue | 2021/2 | 203.0 | 168.0 | 20.8 | 4 | Specialist Black | EBIT | 2021/2 | 40.0 | 21.3 | 88.4 | 5 | Specialist Black | Sales Vol YoY % | 2021/2 | 110.0 | 106.0 | 3.8 | |
April (2021)
Cabot Corporation: Completes Air Emssion Control Project at Franklin, Louisiana Plant Link...
Cabot have completed a major air emissions control project at its Franklin, Louisiana carbon black plant. $85 million was invested in emssions control technology which will reduce emissions of NOX and SO2 by over 20 tons per day. The project also includes energy recovery from waste heat enabling the recovery of 50 MW of power without creating any additional emissions.
March (2021)
Cabot Corporation: Expanding Engineered Elastomer Composites Line Link...
Cabot Corporation has launched its latest Engineered Elastomer Composites E2C™ product: DZ8650 which offers breakthrough improvements in erosion and wet abrasion resistance for rubber components used in mining applications such as slurry pumps, hydrocyclones and rubber pipes.
February (2021)
Cabot Corporation: 2021 Q1 Results Link...
Cabot Corporation: Q1 2021 reinforcement volumes up 1% YoY with volume increases in EMEA and Americas. Forward margins are expected to decrease due to increasing feedstock and fixed costs. Volumes up 9% in performance additives driven by higher automotive demand for speciality carbons and compounds. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2021/1 | 559.0 | 549.0 | 1.8 | 1 | Carbon Black | EBIT | 2021/1 | 125.2 | 75.8 | 65.2 | | Rubber Black | Sales Revenue | 2021/1 | 375.0 | 379.0 | -1.1 | | Rubber Black | EBIT | 2021/1 | 88.0 | 47.0 | 87.2 | | Rubber Black | Sales Vol YoY % | 2021/1 | 101.0 | 97.0 | 4.1 | 2 | Specialist Black | Sales Revenue | 2021/1 | 184.0 | 170.0 | 8.2 | 3 | Specialist Black | EBIT | 2021/1 | 37.2 | 28.8 | 29.2 | | Specialist Black | Sales Vol YoY % | 2021/1 | 109.0 | 113.0 | -3.5 | |
November (2020)
Cabot Corporation: 2020 Q4 Results Link...
Cabot Corporation: Q4 reinforcement volumes up strongly from Q3, increasing by 56%. EBIT impact from lower volumes was partially offset by improved pricing from calendar 2020 customer agreements and improved pricing in Asia. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2020 | 1901.0 | 2509.0 | -24.2 | 1 | Carbon Black | EBIT | 2020 | 243.6 | 372.0 | -34.5 | | Rubber Black | Sales Revenue | 2020 | 1256.0 | 1815.0 | -30.8 | | Rubber Black | EBIT | 2020 | 162.0 | 266.0 | -39.1 | | Specialist Black | Sales Revenue | 2020 | 645.0 | 694.0 | -7.1 | 2 | Specialist Black | EBIT | 2020 | 81.6 | 106.0 | -23.1 | | Carbon Black | Sales Revenue | 2020/4 | 481.0 | 628.0 | -23.4 | 3 | Carbon Black | EBIT | 2020/4 | 76.3 | 98.9 | -22.9 | | Rubber Black | Sales Revenue | 2020/4 | 325.0 | 452.0 | -28.1 | | Rubber Black | EBIT | 2020/4 | 59.0 | 71.0 | -16.9 | | Specialist Black | Sales Revenue | 2020/4 | 156.0 | 176.0 | -11.4 | 4 | Specialist Black | EBIT | 2020/4 | 17.3 | 27.9 | -38.1 | |
Cabot Corporation: Expands Engineered Elastomer Composites (E2C™) Product Line Link...
Cabot has expanded its engineered elastomer composites product line with the launch of FX9390 which is part of the new E2C foundation series of product solutions for a variety of tire types. FX9390 is formulated to deliver significant performance improvement balanced across cut/chip/chunk resistance, heat buildup and abrasion resistance in off-the-road mining tires. FX9390 is a pre-mixed material delivered in highly friable bales, which simplifies material handling and supports production flexibility. FX9390 can be integrated into a tire-maker’s current production line without additional capital investment, enabling manufacturers to evolve their business models by expanding the performance triangle, shortening development cycles, and reducing operational barriers to new product commercialization. The product can be combined with E2C Durability series products which allows customers to expand the performance envelope and offers considerable design freedom.
August (2020)
Cabot Corporation: Increasing Prices for Rubber Carbon Black Products in North America Link...
Cabot Corporation is increasing prices by $0.03/lb on all carbon black products sold by its Reinforcing Materials segment in North America. Increases will be effective from 1st October 2020, or as contracts allow. Cabot states that the increases are necessary to address the increasing costs to provide reliability and supply assurance. Increasing costs come from investments in the range of $200MM to meet US EPA emissions requirements.
Cabot Corporation: 2020 Q3 Results Link...
Cabot Corporation: Quarterly reinforcing volumes declined 42% YoY. Volumes increased 45% sequentially from May to June 2020. Cabot's cost reduction efforts are on track to deliver $60 MM in cost savings for the fiscal year. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2020/3 | 348.0 | 633.0 | -45.0 | 1 | Carbon Black | EBIT | 2020/3 | 9.4 | 97.4 | -90.3 | | Rubber Black | Sales Revenue | 2020/3 | 197.0 | 461.0 | -57.3 | | Rubber Black | EBITDA | 2020/3 | 12.0 | 90.0 | -86.7 | | Rubber Black | Sales Vol YoY % | 2020/3 | 58.0 | 98.0 | -40.8 | 2 | Rubber Black | EBIT | 2020/3 | -5.0 | 72.0 | -106.9 | | Specialist Black | Sales Revenue | 2020/3 | 151.0 | 172.0 | -12.2 | 3 | Specialist Black | EBITDA | 2020/3 | 24.7 | 33.6 | -26.4 | | Specialist Black | EBIT | 2020/3 | 14.4 | 25.4 | -43.2 | | Specialist Black | Sales Vol YoY % | 2020/3 | 95.0 | 100.0 | -5.0 | |
June (2020)
Cabot Corporation: Completes Placement of Major Air Emission Control Equipment at Franklin, Louisiana Plant Link...
Cabot Corporation has now received and sited all major emission control equipment covering the EPA national enforcement inititative at its Franklin plant. The project is on track to meet the EPA April 2021 deadline. The project at the Franklin site will reduce NOx emissions by 90% via the use of selective catalytic control and SO2 emissions by 95% using wet gas scrubbing. These technologies are in use a several of Cabot's sites across the globe. Annual emissions of NOx and SO2 will be reduced about 900 and 6500 tons per year at the Franklin site. The project at Franklin builds on Cabot's earlier emissions control project at its plant in Pampa, Texas. Work at this plant was completed in 2017, reducing NOx emissions by 67% which adds up to nearly 1500 tons of saved emissions over the last three years.
May (2020)
Cabot Corporation: 2020 Q2 Results Link...
Cabot Corporation: Reinforcing volumes for Q2 (ending March 2020): Asia -20%; EMEA -13%, Americas -8%. Cabot focusing on working capital efficiency and cost reduction measures, while reducing capital spending to $200 million for the year. A pronounced COVID-19 effect is expected on fiscal third quarter results. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2020/2 | 523.0 | 624.0 | -16.2 | 1 | Carbon Black | EBIT | 2020/2 | 82.3 | 87.8 | -6.3 | | Rubber Black | Sales Revenue | 2020/2 | 355.0 | 445.0 | -20.2 | | Rubber Black | EBITDA | 2020/2 | 78.0 | 78.0 | .0 | | Rubber Black | EBIT | 2020/2 | 61.0 | 61.0 | .0 | 2 | Rubber Black | Sales Vol YoY % | 2020/2 | 86.0 | 99.0 | -13.1 | 3 | Specialist Black | Sales Revenue | 2020/2 | 168.0 | 179.0 | -6.1 | 4 | Specialist Black | EBIT | 2020/2 | 21.3 | 26.8 | -20.6 | 5 | Specialist Black | Sales Vol YoY % | 2020/2 | 106.0 | 99.0 | 7.1 | |
February (2020)
Cabot Corporation: Introduces Engineered Elastomer Composites (E²C™) Link...
Cabot Corporation announced the launch of its Engineered Elastomer Composites (E²C™) solutions. Enabled by proprietary technology for mixing reinforcing agents into elastomers, E²C solutions are pre-mixed composite solutions designed to help tire manufacturers unlock superior performance sustainably and economically. E²C solutions have been shown to break critical trade-offs in off-the-road (OTR)/earthmover tire design by both lowering operating temperatures and extending tire life significantly. This can enable an average mine to increase haulage capacity, boost output, and reduce annual downtime for tire changes leading to a potential benefit up to $150M per year. The E2C series of solutions offers balanced performance, increased durability and improved energy efficiency, and can be formulated for specific OTR/earthmover applications to deliver maximum performance benefit. The first E2C solution, DX9730, is part of a new Durability series of products designed to reduce in-field failures and maximize operational uptime. DX9730 offers breakthrough improvements in cut, chip, and chunk resistance, reduces the risk of catastrophic tire failures and unplanned vehicle service and increases fleet utilization.
Cabot Corporation: 2020 Q1 Results Link...
Cabot Corporation: 2020 tire customer agreements include successful implementation of pricing formula adjustments for MARPOL related feedstock differentials. Acquiring Shenzhen Sanshun Nano, a producer of carbon nanotubes (CNT) for lithium-ion batteries. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2020/1 | 549.0 | 624.0 | -12.0 | 1 | Carbon Black | EBIT | 2020/1 | 75.8 | 88.0 | -13.9 | | Rubber Black | Sales Revenue | 2020/1 | 379.0 | 457.0 | -17.1 | | Rubber Black | EBITDA | 2020/1 | 64.0 | 78.0 | -17.9 | | Rubber Black | EBIT | 2020/1 | 47.0 | 62.0 | -24.2 | 2 | Rubber Black | Sales Vol YoY % | 2020/1 | 97.0 | 101.0 | -4.0 | | Specialist Black | Sales Revenue | 2020/1 | 170.0 | 167.0 | 1.8 | 3 | Specialist Black | EBITDA | 2020/1 | 39.3 | 34.7 | 13.4 | | Specialist Black | EBIT | 2020/1 | 28.8 | 26.0 | 10.7 | 4 | Specialist Black | Sales Vol YoY % | 2020/1 | 113.0 | 97.0 | 16.5 | |
December (2019)
Cabot Corporation: Price Increase for Speciality Carbon Black Products Manufactured in Euroope Link...
Cabot Corporation is implementing price increases for speciality carbon black products manufactured in Europe, effective January 1, 2020 or as contracts allow. The increase relates to the new IMO sulphur fuel level regulations being implemented January 2020. Price increases will vary depending on product and manufacturing plant.
November (2019)
Cabot Corporation: Breaks Ground on Indonesian Carbon Black Expansion Link...
Cabot has broken ground on its carbon black capacity expansion project in Cilegon, Indonesia. This phase of the project will add approximately 80 kMT of production capacity to be completed in 2021.
Cabot Corporation: 2019 FY and Q4 Results Link...
Cabot Corporation: Challenging business environment continues. Reinforcement segment benefiting from 2019 customer contracts with further improvements expected moving into 2020. Actions being taken to address feedstock differentials in the specialist segment. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2019 | 1815.0 | 1774.0 | 2.3 | | Rubber Black | EBIT | 2019 | 266.0 | 279.0 | -4.7 | | Rubber Black | Sales Vol YoY % | 2019 | 100.0 | 103.0 | -2.9 | | Specialist Black | Sales Revenue | 2019 | 694.0 | 731.0 | -5.1 | 1 | Specialist Black | EBIT | 2019 | 106.0 | 142.2 | -25.4 | 2 | Specialist Black | Sales Vol YoY % | 2019 | 98.0 | 110.0 | -10.9 | | Rubber Black | Sales Revenue | 2019/4 | 452.0 | 467.0 | -3.2 | 3 | Rubber Black | EBIT | 2019/4 | 71.0 | 64.0 | 10.9 | 4 | Rubber Black | Sales Vol YoY % | 2019/4 | 102.0 | 104.0 | -1.9 | 5 | Specialist Black | Sales Revenue | 2019/4 | 176.0 | 183.0 | -3.8 | 6 | Specialist Black | EBIT | 2019/4 | 27.9 | 28.5 | -2.2 | 7 | Specialist Black | Sales Vol YoY % | 2019/4 | 97.0 | 106.0 | -8.5 | |
September (2019)
Cabot Corporation: Announces Grand Opening of Wuhai Fumed Silica Plant Link...
Cabot Corporation announced the opening of its newest fumed silica manufacturing facility in Wuhai, Inner Mongolia, China. The state-of-the-art plant has a capacity of approximately 8 kMTpa which will primarily serve the rapidly growing market in China.
The project is a joint venture with Inner Mongolia Hengyecheng Silicone Co., Ltd. Cabot owns 80% of the equity.
August (2019)
Cabot Corporation: Increasing Feedstock Surcharge for Rubber Carbon Black Products in North America Link...
Effective 1st October 2019 (as contracts allow) a feedstock surcharge of $0.03 per pound will be applied to all carbon black products sold by Cabot in North America. This replaces the previously announced feedstock surcharge of $0.01 per pound that has been in effect since 1st April 2019.
Cabot use primarily crude oil derived feedstocks for rubber carbon blacks. This market is being influenced by changes in types of crude oil products and an increase in demand for low sulphur fuel oil due to the 2020 IMO regulation. This is influencing the type, quality and availability of feedstock required to produce carbon black.
Cabot Corporation: 2019 Q3 Results Link...
Cabot Corporation: Reinforcement segment impacted by margin reductions in China and reduced volumes associated with lower automotive production. Speciality Carbons impacted by less favourable product mix due to weakness in automotive and fiber products. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2019/3 | 633.0 | 661.0 | -4.2 | 1 | Carbon Black | EBIT | 2019/3 | 97.4 | 113.9 | -14.5 | | Rubber Black | Sales Revenue | 2019/3 | 461.0 | 466.0 | -1.1 | | Rubber Black | EBIT | 2019/3 | 72.0 | 74.0 | -2.7 | 2 | Rubber Black | Sales Vol YoY % | 2019/3 | 98.0 | 106.0 | -7.5 | 3 | Specialist Black | Sales Revenue | 2019/3 | 172.0 | 195.0 | -11.8 | 4 | Specialist Black | EBIT | 2019/3 | 25.4 | 39.9 | -36.4 | 5 | Specialist Black | Sales Vol YoY % | 2019/3 | 100.0 | 117.0 | -14.5 | |
June (2019)
Cabot Corporation: Increasing Prices for Rubber Carbon Black Products in North America Link...
Effective for shipments starting August 2019 (or as contracts allow). Cabot Corporation is increasing prices by $0.07 per pound on all carbon black products in its North American Reinforcement Materials segment. Cabot state the price increase is necessary to assure customers of continued supply reliability at a time of increasing demand from tire production in the region as well as to cover costs for reducing emissions and enhancing sustainability. Cabot is also updating standard commerical policies for its Reinforcement Materials in North America, including changes to standard packaging, transportation and warehousing premiums.
May (2019)
Cabot Corporation: 2019 Q2 Results Link...
Cabot Corporation: Challenging market conditions continued into 2019 Q2 with pricing weakness in China for reinforcing materials and softness in automotive demand impacting specialist products as well as impacts for specialist market product mix. Pass through for increased raw material costs has been unfavourable, but should improve moving into Q3. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2019/2 | 624.0 | 647.0 | -3.6 | | Carbon Black | EBIT | 2019/2 | 87.8 | 120.0 | -26.8 | | Rubber Black | Sales Revenue | 2019/2 | 445.0 | 454.0 | -2.0 | 1 | Rubber Black | EBIT | 2019/2 | 61.0 | 79.0 | -22.8 | | Rubber Black | Sales Vol YoY % | 2019/2 | 99.0 | 100.0 | -1.0 | | Specialist Black | Sales Revenue | 2019/2 | 179.0 | 193.0 | -7.3 | 2 | Specialist Black | EBIT | 2019/2 | 26.8 | 41.0 | -34.8 | | Specialist Black | Sales Vol YoY % | 2019/2 | 99.0 | 109.0 | -9.2 | |
March (2019)
Cabot Corporation: Implementing Feedstock Surcharge for Rubber Carbon Black Products in North America Link...
Cabot is implementing a $0.01/lb feedstock surchargs for all rubber carbon blacks sold in North America. This is effective for all shipments from April 1, 2019, or as contracts allow. The current dynamic state of the feedstock market is cited as the reason, with decreasing crude availability from Venezuela and Mexico, and preparations for new environmental regulations. These factors are having an impact on the type and availability of feedstock suitable for carbon black production, the changes are not reflected in fuel oil price indices.
February (2019)
Cabot Corporation: 2019 Q1 Results Link...
Cabot Corporation: 2019 tire customer agreements result in volume and price gains in all regions. Difficult market conditions in China along with the impact from significant fluctuations in feedstock pricing are expected to continue into Q2. Some recovery is expected after the Chinese New Year. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2019/1 | 457.0 | 387.0 | 18.1 | 1 | Rubber Black | EBITDA | 2019/1 | 78.0 | 79.0 | -1.3 | | Rubber Black | EBIT | 2019/1 | 62.0 | 62.0 | .0 | | Rubber Black | Sales Vol YoY % | 2019/1 | 101.0 | 103.0 | -1.9 | 2 | Specialist Black | Sales Revenue | 2019/1 | 167.0 | 160.0 | 4.4 | 3 | Specialist Black | EBITDA | 2019/1 | 34.7 | 41.2 | -15.8 | | Specialist Black | EBIT | 2019/1 | 26.0 | 32.8 | -20.7 | 4 | Specialist Black | Sales Vol YoY % | 2019/1 | 97.0 | 109.0 | -11.0 | |
November (2018)
Cabot Corporation: 2018 FY and Q4 Results Link...
Cabot Corporation: Cabot are positioned well to capitalise on the favourable market conditions for furnace carbon black. In the reinforcement segment expansions are underway in Indonesia as well as a major debottlenecking program on a global basis. The specialist carbon black segment is benefiting from acquistions of TechBlend (a specialist in carbon black masterbatches) and NSCC (as speciality carbon black plant in China). Cabot see a positive outlook for the short term with a balanced suppy/demand market scenario and postive outcomes for forward customer agreements. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2018 | 2505.0 | 2004.0 | 25.0 | | Carbon Black | EBIT | 2018 | 421.2 | 330.9 | 27.3 | | Rubber Black | Sales Revenue | 2018 | 1774.0 | 1381.0 | 28.5 | 1 | Rubber Black | EBIT | 2018 | 279.0 | 193.0 | 44.6 | 2 | Specialist Black | Sales Revenue | 2018 | 731.0 | 623.0 | 17.3 | 3 | Specialist Black | EBIT | 2018 | 142.2 | 137.9 | 3.1 | | Rubber Black | Sales Revenue | 2018/4 | 467.0 | 367.0 | 27.2 | 4 | Rubber Black | EBIT | 2018/4 | 64.0 | 48.0 | 33.3 | | Rubber Black | Sales Vol YoY % | 2018/4 | 104.0 | 104.0 | .0 | 5 | Specialist Black | Sales Revenue | 2018/4 | 183.0 | 169.0 | 8.3 | 6 | Specialist Black | EBIT | 2018/4 | 28.5 | 37.8 | -24.6 | | Specialist Black | Sales Vol YoY % | 2018/4 | 106.0 | 110.0 | -3.6 | |
October (2018)
Cabot Corporation: Acquires NSCC Carbon (Jiangsu) Co Carbon Black Plant in China Link...
Cabot Corporation has acquired NSCC Carbon (Jiangsu) Co Ltd from Nippon Steel Carbon Co Ltd a subsidiary of Nippon Steel Chemical & Material Co Ltd. The facility in Pizhou, Jiangsu was commissioned in 2015 and has a capacity of 50 kMTpa serving speciality carbon products. The plant will be temporarily mothballed in order to implement technology upgrades.
August (2018)
Cabot Corporation: Increasing Prices for Speciality Carbons Globally Link...
Cabot Corporation is raising prices globally on speciality carbons from 1st September 2018 (or as contracts allow). Prices are increasing up to 10%.
Cabot Corporation: 2018 Q3 Results Link...
Cabot Corporation: Strong 2018 Q3 performance in both carbon black segments with increased volumes. Unit margin increases in reinforcement and pricing gains in speciality carbons. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2018/3 | 466.0 | 367.0 | 27.0 | | Rubber Black | EBIT | 2018/3 | 74.0 | 51.0 | 45.1 | 1 | Rubber Black | Sales Vol YoY % | 2018/3 | 106.0 | 99.0 | 7.1 | 2 | Specialist Black | Sales Revenue | 2018/3 | 195.0 | 154.0 | 26.6 | | Specialist Black | EBIT | 2018/3 | 39.9 | 30.9 | 28.8 | 3 | Specialist Black | Sales Vol YoY % | 2018/3 | 117.0 | 97.0 | 20.6 | |
June (2018)
Cabot Corporation: Increasing Prices for Rubber Carbon Blacks in EMEA Link...
Effective for all shipments made on or after July 1, 2018, or as customer contracts allow, Cabot Corporation is increasing prices on all carbon black products in its Reinforcement Materials segment sold in the Europe, Middle East and Africa (EMEA) region. Prices are increasing by 80 Euro/MT in addition to index related costs. Cabot state that this is required to offset increasing operating and regulatory costs and higher logistics expenses in the EMEA.
May (2018)
Cabot Corporation: Expanding Global Furnace Carbon Black Capacity by Over 300 kMT Link...
Cabot Corporation is planning to add 160 kMT capacity at its Cilegon, Indonesia plant targetted at tire and industrial rubber market segments. This capacity is expected to come on line late 2020 or early 2021.
Additional capacity is being implemented via debottlenecking and operational improvements across 18 of its carbon black production facilities. This will add 150 kMT of capacity for all market segments. Cabot has currently completed approximately one third of this capacity expansion with full implementation expected by end 2021.
After full implementation Cabot Corporation will have approximately 2.5 million tonnes of furnace carbon black production capacity.
Cabot Corporation: 2018 Q2 Results Link...
Cabot Corporation: Reinforcement margin increases from 2018 contracts, favourable spot pricing and high capacity utilisation, high maintenance spend planned for 2H of 2018. Specialist carbon margin up due to price increases. Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2018/2 | 454.0 | 352.0 | 29.0 | 1 | Rubber Black | EBITDA | 2018/2 | 97.0 | 71.0 | 36.6 | | Rubber Black | EBIT | 2018/2 | 79.0 | 54.0 | 46.3 | 2 | Rubber Black | Sales Vol YoY % | 2018/2 | 100.0 | 106.0 | -5.7 | 3 | Specialist Black | Sales Revenue | 2018/2 | 193.0 | 162.0 | 19.1 | 4 | Specialist Black | EBITDA | 2018/2 | 49.7 | 44.8 | 10.9 | 5 | Specialist Black | EBIT | 2018/2 | 41.0 | 36.2 | 13.4 | 6 | Specialist Black | Sales Vol YoY % | 2018/2 | 109.0 | 115.0 | -5.2 | |
April (2018)
Cabot Corporation: Expanding in Black Masterbatch and Compounds Link...
Cabot recently completed the acquisition of Tech Blend, a leading North American producer of black masterbatches, which will now operate as Cabot Plastics Canada, LP a wholly-owned subsidiary of Cabot Corporation within Cabot’s global Specialty Compounds business. In addition, Cabot has also commissioned a new production line at its manufacturing facility in Pepinster, Belgium.The Pepinster site is now the largest masterbatch and compounds manufacturing facility in Cabot’s network.
Cabot Corporation: Increasing Prices for Rubber Carbon Black in North America Link...
Effective for all shipments from June 2018 or as contracts allow: Cabot Corporation is increasing prices for reinforcement carbon black products in North America. Prices will increase by $0.045/lb with some selected specialist rubber carbon blacks having a 4% price increase. Increases are due to rising manufacturing costs.
February (2018)
Cabot Corporation: 2018 Q1 Results Link...
Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Cabot Reinforcing Segment Benefits From 2018 Customer Agreements. Cabot's reinforcing segment is set for strong 2018 performance based on customer agreements and a healthy spot market in Europe and Asia. The performance chemical segment (including specialist carbon black) is set to improve for volume and pricing, however, this will be restricted by rising feedstock and growth investment costs. Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2018/1 | 387.0 | 300.0 | 29.0 | | Rubber Black | EBITDA | 2018/1 | 79.0 | 57.0 | 38.6 | | Rubber Black | EBIT | 2018/1 | 62.0 | 40.0 | 55.0 | 1 | Rubber Black | Sales Vol YoY % | 2018/1 | 103.0 | | | 2 | Specialist Black | Sales Revenue | 2018/1 | 160.0 | 138.0 | 15.9 | | Specialist Black | EBITDA | 2018/1 | 41.2 | 40.0 | 3.1 | 3 | Specialist Black | EBIT | 2018/1 | 32.8 | 32.7 | .4 | 4 | Specialist Black | Sales Vol YoY % | 2018/1 | 109.0 | 101.0 | 7.9 | 5 |
January (2018)
Cabot Corporation: 2017 Full Year Results Annual Report Link...
Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Cabot Corporation Expecting Future Benefits from Strategic Initiatives
Cabot's strategy has focused on growing its core competencies while investing in material innovations for future technologies. Cabot believe they are well placed to take advantage of increasing environment and sustainability issues within the carbon black manufacturing industry, having already invested heavily in state-of-the-art manufacturing and control systems. This is particularly relevant to operations in China where environmental constraints are increasing. Cabot's investment in energy recovery is also a key ingredient enabling them to improve the profitability of the reinforcement segment in particular. From a technology viewpoint, Cabot see strong potential in energy efficient products relating to tire technology as well as advanced battery and cell development for mobility and energy storage.
Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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Carbon Black | Sales Revenue | 2017 | 2004.0 | 1686.0 | 18.9 | | Carbon Black | EBIT | 2017 | 330.9 | 287.3 | 15.2 | | Carbon Black | Sales Vol YoY % | 2017 | 102.5 | 98.8 | 3.7 | 1 | Rubber Black | Sales Revenue | 2017 | 1381.0 | 1108.0 | 24.6 | 2 | Rubber Black | EBIT | 2017 | 193.0 | 137.0 | 40.9 | 3 | Rubber Black | Sales Vol YoY % | 2017 | 102.0 | 98.0 | 4.1 | 4 | Specialist Black | Sales Revenue | 2017 | 623.0 | 578.0 | 7.8 | 5 | Specialist Black | EBIT | 2017 | 137.9 | 150.3 | -8.3 | 6 | Specialist Black | RCCL Est: Sales Vol MT | 2017 | .3 | .3 | 5.2 | |
RCCL Industry Analysis:
Analysis Snippet: Cabot versus Orion EBITDA per MT RCCL estimates provide the comparison in the figure below. The figure presents the EBITDA per MT of product for reinforcing (rubber) grades and specialist (pigment) grades for Cabot Corporation and Orion Engineered Carbons. There is good agreement between the two companies for margin for the rubber and specialist segments. These values are derived from RCCL estimates for Cabot sales volumes which in the case of specialist grades also include the sale of plastic composites. 2017 values are not currently available for Orion Engineered Carbons. Note, company accounting policies may make direct comparison of EBITDA values unreliable. RCCL has extensive knowledge of carbon black manufacturing costing structures and can help make logical comparisons between companies and data. Please contact RCCL for more details.
November (2017)
Cabot Corporation: Q4 Results Link...
Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Currency values reported in: Millions of USD Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2017/4 | 367.0 | 289.0 | 27.0 | | Rubber Black | EBIT | 2017/4 | 48.0 | 42.0 | 14.3 | 1 | Rubber Black | Sales Vol YoY % | 2017/4 | 104.0 | | | 2 | Specialist Black | Sales Revenue | 2017/4 | 169.0 | 141.0 | 19.9 | | Specialist Black | EBIT | 2017/4 | 37.8 | 39.4 | -4.1 | 3 | Specialist Black | Sales Vol YoY % | 2017/4 | 110.0 | | | |
October (2017)
Cabot Corporation: Acquiring Tech Blend Link...
Cabot Corporation have entered into an agreement to purchase Tech Blend, a leading North American producer of black plastic masterbatches. The company will be managed as part of Cabot’s global specialty compounds business within the Performance Chemicals segment. The parties expect to close the transaction in November 2017.
August (2017)
Cabot Corporation: Q3 Results Link...
Cabot Corporation operate in four segments: Reinforcement Materials, Performance Chemicals, Purification Solutions and Speciality Fluids. RCCL tracks performance in the Reinforcement Materials (rubber carbon blacks) and Performance Chemicals (specialist carbon blacks, plastic compounds, metal oxides). EBIT/EBITDA figures for carbon black in the performance chemical segment use RCCL estimates. RCCL also estimates performance for total carbon black based on annual results. Cabot Corporation: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2017/3 | 367.0 | 270.0 | 35.9 | | Rubber Black | EBITDA | 2017/3 | 68.0 | 53.0 | 28.3 | | Rubber Black | EBIT | 2017/3 | 51.0 | 35.0 | 45.7 | 1 | Rubber Black | Sales Vol YoY % | 2017/3 | 99.0 | 98.0 | 1.0 | 2 | Specialist Black | Sales Revenue | 2017/3 | 154.0 | 152.0 | 1.3 | | Specialist Black | EBITDA | 2017/3 | 38.3 | 47.3 | -19.0 | | Specialist Black | EBIT | 2017/3 | 30.9 | 39.3 | -21.3 | 3 | Specialist Black | Sales Vol YoY % | 2017/3 | 97.0 | 103.0 | -5.8 | |
1 Increase due to favourable pricing and product mix 2 Volume increases in EMEA and Americas offset by weaker tire demand in Asia 3 Reduction due to higher feedstock pricing and unplanned downtime
May (2017)
Cabot Corporation: Raising Prices for EMEA Reinforcing Products Link...
Cabot coporation is increasing prices from June 12th 2017 (subject to existing contracts) for all products in its Reinforcement Materials segment within the EMEA region. High utilisation rates, new regulations and sourcing challenges for feedstock within the EMEA region were stated as drivers for the increased prices.
Price adjustments will be in the range of 50 to 80 Euro/MT in addition to any applicable feedstock index related pricing.
Cabot Corporation: 2017 Q2 Results Link...
Cabot Corporation: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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Rubber Black | Sales Revenue | 2017/2 | 352.0 | 261.0 | 34.9 | | Rubber Black | EBITDA | 2017/2 | 71.0 | 52.0 | 36.5 | | Rubber Black | EBIT | 2017/2 | 54.0 | 34.0 | 58.8 | 1 | Specialist Black | Sales Revenue | 2017/2 | 162.0 | 145.0 | 11.7 | | Specialist Black | EBITDA | 2017/2 | 44.8 | 47.7 | -6.1 | | Specialist Black | EBIT | 2017/2 | 36.2 | 39.4 | -8.2 | 2 |
1 $20MM increase YOY driven by higher unit margins and volumes from 2017 customer agreements and improved demand in China. 2 EBIT impacted by lower unit margins from higher feedstock costs and higher fixed costs.
March (2017)
Cabot Corporation: Investing in Elastomer Composites Link...
Cabot is investing to expand its manufacturing capabilities for elastomer composites at its Port Dickson site in Malaysia and to create a dedicated elsatomer composites team focusing on OTR tires, rubber track and mining applications.
February (2017)
Cabot Corporation: 2017 Q1 Results Link...
Carbon Black Rubber: EBIT at 40 MM$ increased 54% YOY and decreased 4.8% QOQ. Sales revenue increased YOY by 4.1% to 300 MM$ and increased 5.1% QOQ. Volumes improved YOY in both the Americas and in China and pricing together with a favourable customer and regional mix improved margin.
Performance Segment: EBIT decreased by 2% YOY and 15.5% QOQ to 49 MM$. Sales revenue was flat YOY and down 4.2% QOQ to 207 MM$. Segment volumes increased YOY by 1% in speciality carbons, margins were lower due to unfavourable product mix and increased maintenance costs.
Cabot Corporation: 2016 FY Results Link...
Carbon Black Rubber: Sales revenue decreased by 26.5% YOY from 1507 MM$ to 1108 MM$ with a 2% sales volume decrease. EBIT decreased by 4.2% from 143 MM$ to 137 MM$.
Performance Segment: Sales revenue decreased by 8.2% from 630 MM$ to 578 MM$, while volumes increased. EBIT increased by 26.4% from 178 MM$ to 225 MM$.
Cabot continue to push business and process efficiencies. A cost reduction program of 50 $MM was surpassed in 2016, savings resulting from a range of business adjustments including sales costs, research and development costs, realignment of assets and reduced maintenance costs.
October (2016)
Cabot Corporation: 2016 Q4 Results Link...
Carbon Black Rubber: Improved YOY EBIT of 42 MM$ vs 31 MMS resulting from contract mix and spot pricing. Volumes reduced in Asia due to closure of Merak plant in Indonesia, with some volume contraction in EMEA as well. Significant cost reductions were delivered during FY 2016 with strengthened focus on industrial products.
Carbon Black Speciality: Improvements in margins were gained from reductions in fixed costs, lower feedstock costs and improved price and product mix. YOY EBIT increased from 63 MM$ to 69 MM$.
September (2016)
Cabot Corporation: Expanding Weather Strip Products for Asia Link...
Cabot have expanded their specialist weatherstrip product offerings in the Asia region. These include Spheron 5000A, Spheron VHA and Sterling SO-1.
July (2016)
Cabot Corporation: 2016 Q3 Results Link...
Carbon Black Rubber: Volumes reduced 2% YOY due to lower demand in Asia. Cost savings initiatives have reduced fixed costs. YOY EBIT increased to 35 MM$ from 32 MM$.
Carbon Black Speciality: 3% YOY volume increase with stronger margings giveing YOY EBIT increase to 59 MM$ form 48 MM$.
Cabot Corporation: Rasing speciality carbon prices globally Link...
Cabot corporation will increase speciality carbon black prices by up to 6% globally, this move being independent of raw material price adjustments. The increases will be effective 1st August.
June (2016)
Cabot Corporation: Price increases for rubber grade carbon blacks Link...
Cabot corporation has announced price a $50/MT or 5% price increase on all of its reinforcement material products in North America as of July 15th. The price increases are a result of increasing manufacturing costs related to regulatory compliance and logistics.
May (2016)
Cabot Corporation: 2016 Q2 Results Link...
Carbon Black Rubber: Volumes reduced 1% YOY, unit margins increased due to product mix with feedstock impacts moderating.
Carbon Black Speciality: Volumes increased YOY with improved margins. Fixed costs have improved YOY and there is a drive to penetrate higher value product markets.
April (2016)
Cabot Corporation: Price Increases for Reinforcement Products in EMEA Link...
Cabot is increasing prices on all its carbon black products in the reinforcement segment within EMEA as of 1st May. Price adjustments of between 60 and 90 Euro/MT will be applied in addition to feedstock index related adjustments.
February (2016)
Cabot Corporation: 2016 Q1 Results Link...
Carbon Black Rubber: YOY EBIT decreased by 27 MM$ due to lower unit margins from 2015 contract pricing, feedstock pressures and lower energy benefits. YOY volumes decreased by 2% due to lower contract volumes in North America and lower demand in China.
Carbon Black Speciality: YOY EBIT increased by 11 MM$ due to improved margins from lower raw material costs and 7% increases in volumes.
October (2015)
Cabot Corporation: Restructuring Plan Link...
Cabot announced its intention to restructure its operations with anticipated cost savings of approximately $50 million in fiscal 2016 as compared to fiscal 2015. As proposed, the plan would result in the reduction of approximately 300 positions globally and the savings are expected to begin in the second quarter of fiscal 2016.
September (2015)
Cabot: Increases Prices for Specialty Carbons Globally Link...
Effective September 17, 2015, or as contracts allow, Cabot Corporation will increase prices, up to 6 percent globally, for specialty carbon products. This price increase is required due to escalating operating, logistics, currency devaluation and environmental compliance costs.
July (2015)
Cabot: New Series of Low PAH Carbon Blacks for Rubber Applications Link...
Boston, Massachusetts – Cabot Corporation has announced the launch of a new series of low polycyclic aromatic hydrocarbon (PAH) carbon black products for rubber product applications.
The Cabot LP carbon black series is engineered to meet customers’ requirements for end-use product performance while reducing the PAH concentration to help customers comply with new regulations and quality certifications.
The series includes three products covering N200, N500 and N700 variants.
Cabot: Increase Prices Globally for Carbon Black Used in Tire and Industrial Rubber Products Applications Link...
Effective as of September 1, 2015, or as customer contracts allow, Cabot Corporation is increasing prices globally on all carbon black products in its Reinforcement Materials segment.
In most regions, carbon black producers utilize oil-derived feedstocks that are specifically selected for the production of carbon black. Historically, certain fuel oil indices have been used as a proxy for the cost of these feedstocks, and Cabot’s costs have typically tracked to these indices over time. However, the actual costs of carbon black feedstocks relative to fuel oil indices have been rising. This widening difference between the indices and actual costs has persisted since early this year, and is forecasted to continue into the future.
January (2015)
Cabot: Announces Realignment of Business Reporting Segments Link...
BOSTON--(BUSINESS WIRE)--Jan. 20, 2015-- Cabot Corporation (NYSE: CBT) announced today that it has realigned its global business segments. The new segment structure is designed to improve efficiency and resource prioritization. It will also enable stronger customer focus and better align with the recently announced organizational structure.
The company is organized into four segments that now include Reinforcement Materials, Performance Chemicals, Specialty Fluids and Purification Solutions. The Reinforcement Materials segment now combines the rubber blacks and elastomer composites product lines. This segment’s main objective is to serve the tire and industrial rubber industries. The Performance Chemicals segment now combines the specialty carbons and compounds, and inkjet colorants product lines into the Specialty Carbons and Formulations business, and combines the fumed metal oxides and aerogel product lines into the Metal Oxides business. This new structure better leverages Cabot’s global activities across common customer applications, production, and research and development. The Specialty Fluids business will now be a stand-alone reporting segment. Finally, there is no change to the Purification Solutions segment, which includes the Cabot Norit Activated Carbon business.
October (2014)
Cabot: Increasing Global Prices for Masterbatch and Speciality Compounds Link...
BOSTON – Effective November 1, 2014, or as contracts allow, Cabot Corporation (NYSE: CBT) will increase prices, up to 5 percent for black masterbatches and conductive compounds and concentrates. This price increase is required due to escalating costs of operations and regulatory compliance, as well as increased costs of carbon black and other key raw materials. The increase is necessary to ensure Cabot remains a reliable, long-term supplier of high-quality black masterbatches and specialty compounds, and ensures continued investment in new products dedicated to the plastics industry.
August (2014)
Cabot: Increases Prices for Speciality Carbons Globally Link...
BOSTON – Effective October 1, 2014, or as contracts allow, Cabot Corporation (NYSE: CBT) will increase prices, up to 8 percent globally, for specialty carbon products. This price increase is required due to escalating operating and environmental compliance costs, as well as continued investment in technology controls necessary to comply with enhanced environmental regulations at specialty carbon plants. The increase is necessary to ensure Cabot remains a reliable, long-term supplier of high quality products and services, and ensures continued investment in new products and applications development to support customers.
February (2014)
Cabot: Announce PROPEL E7 and PROPEL D11 for tire tread applications. Link...
These new grades are morphologically engineered to achieve balances in wear and rolling resistance.
December (2013)
Cabot: Annual Report 2013 Link...
The financial performance of the activated carbon segment was a disappointment in 2013 ($50MM EBITDA). Completed the construction of new carbon black plant in Xingtai, China. Acquired the remaining stake in NHUMO carbon black joint venture in Mexico. Opened a new plastics development lab in Shanghai. Launched Commercial Excellence initiative (customer needs versus company capabilities and resources). Closed manufacturing operations at carbon black joint venture in Port Dickson, Malaysia. In November 2013, Cabot entered into a Consent Decree with the US EPA.
November (2013)
Cabot: Consent Agreement with US EPA Link...
WASHINGTON—Cabot Corp. has agreed to pay a $975,000 civil penalty and spend more than $84 million to control air pollution at three Texas and Louisiana carbon black facilities under a consent agreement reached with the U.S. Environmental Protection Agency and the Louisiana Department of Environmental Quality. Also under the agreement, Cabot is required to spend $450,000 on energy saving and pollution projects to benefit the communities of Franklin and Villa Platte, La., and Pampa, Texas, where the carbon black plants are located, the EPA said. To be filed with the U.S. District Court for the Western District of Louisiana, the consent decree is the first to result from an EPA national enforcement initiative to bring U.S. carbon black manufacturers into compliance with the Clean Air Act's New Source Review provisions, the EPA said in a Nov. 19 news release.Between 2003 and 2009, Cabot made major modifications at its carbon black facilities without obtaining pre-construction permits or installing and operating the pollution technology required under the Clean Air Act, according to the complaint filed by the U.S. Department of Justice on behalf of the EPA. These actions caused increased emissions of nitrogen oxide and sulfur dioxide, the complaint said. The EPA expects the measures proposed in the consent agreement to reduce nitrogen oxide emissions by approximately 1,975 tons annually and sulfur oxide emissions by approximately 12,380 tons annually. They also should significantly improve particulate matter controls at the three Cabot facilities, the agency said.
October (2013)
Cabot: Vulcan XC Max Conductive Carbon Black Link...
Cabot launched a new super conductive carbon black at this years K2013. Vulcan XC Max is designed for use in plastics applications where compounders require high conductivity at low loadings. The XC range is designed especially for wire and cable, antistatic, automotive applications and is also targeting the coating and electronics industries.
September (2013)
Cabot: Completion of Xingtai Plant Link...
Cabot Corporation and joint venture partner Risun Group have commissioned their new carbon black manufacturing facility in Xingtai, Hebei Province, China. Cabot and Risun invested approximately $140m (€106m) in the new facility, with Cabot owning a 60 percent equity interest. The partners broke ground on the new facility in April 2012. The site’s Phase I manufacturing capacity will be 130 000 tonnes of carbon black per year, increasing Cabot’s total capacity in China by 25 percent. The new plant employs advanced emissions control and energy efficiency technology with a view to minimising environmental impact reducing energy consumption.
June (2013)
Cabot: Acquires of NHUMO Link...
Cabot Corp. plans to buy the 60-percent interest held by Grupo Kuo S.A.B. de C.V. in their Mexican carbon black production joint venture to boost its presence in North America. The specialty chemicals and performance materials producer will pay about $105 million to take full control of Nhumo S.A. de C.V.
April (2013)
Cabot: Closure of Malaysian Facility End July 2013 Link...
BOSTON--(BUSINESS WIRE)--Apr. 26, 2013-- Cabot Corporation (NYSE: CBT) announces that the Board of its joint venture carbon black company, Cabot Malaysia Sdn. Bhd. (CMSB), has decided to cease carbon black production at its Port Dickson, Malaysia, facility 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 percent equity share in CMSB.
April (2012)
Cabot: Speciality Carbon Black Prices Increase Link...
Cabot announced global price increases of up to 12% for speciality grades due to rises in raw material and transportation costs.
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