Shanghai Cabot Chemical Company, Ltd. To Expand Carbon Black Facility
Expansion Will Increase Output By 50,000 MT Per Year
BOSTON, and SHANGHAI, China, Sept. 12 - Shanghai Cabot Chemical Company Limited today announced plans to expand its Carbon Black production facility in Shanghai, China. The expansion of the facility will increase carbon black production output by more than 50,000 MT per year through use of advanced technology developed by Cabot Corporation. The cost of the facility expansion is approximately $25 million. The production line is expected to be fully operational by early 2004.
Formed in 1988, Shanghai Cabot Chemical Company Limited is a Joint Venture between Cabot Corporation and Shanghai Coking Chemical Company. Cabot is the majority shareholder of the Joint Venture; Shanghai Coking Chemical Company owns 30 percent. The Joint Venture began carbon black production in China in 1992.
Carbon black is one of the most important reinforcing materials used in the tire and rubber industries. Currently, China ranks third in its consumption of carbon black, behind the USA and Japan.
Xinsheng Zhang, General Manager of the Joint Venture announced the expansion plan at the Company's 10th anniversary celebration that was attended by Shanghai government officials, customers, and local community residents. "We greatly appreciate the support we have received to date from the government on this project. We will continue to work with officials to secure the necessary approvals," said Xinsheng Zhang.
"This new production unit will bring advanced carbon black manufacturing technology to our plant in Shanghai and enhance our ability to continue supplying the highest quality products for our customers in China," said William Noglows, Executive Vice President and General Manager of Cabot's carbon black business. "We continue to see many of our domestic and global customers investing and growing in China. This expansion is targeted at supporting our customers as they grow, while continuing to bring world class technology and the highest quality products to our venture in China."
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