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Cabot to close carbon black facility in Malaysia

5:19 AM MDT | May 3, 2013

Cabot says that the board of its Cabot Malaysia (Port Dickson) carbon black joint venture has decided to cease production at its Port Dickson facility by the end of July. The decision, which will affect about 90 employees, reflects the facility’s “manufacturing inefficiencies and raw materials costs,” Cabot says. Cabot holds a 51% stake in Cabot Malaysia. Customer shipments from the plant are expected to continue for a period of time after production has been halted, Cabot says. The closure of the plant is expected to result in one-time cash and...

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