Cabot to Close Carbon Black Manufacturing Facility in Malaysia
Cabot Corp. recently announced 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. Customer shipments from the plant are expected to continue for a period of time after production has been shut down. Cabot holds a 51% equity share in CMSB.
“We continuously evaluate how to best serve our customers, wherever they may have needs for our products and services around the globe,” said Dave Miller, president of the Reinforcement Materials Segment. “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.”