Cabot (CBT) Bolsters Specialty Compounds Business Globally

 | Apr 17, 2018 09:07PM ET

Cabot Corporation (NYSE:CBT) announced the completion of two expansion projects. The move will help the company expand its global footprint in black masterbatch and compounds. It will also help beef up manufacturing capacity to better serve customers globally and grow in advanced polymeric materials.
The company recently acquired Tech Blend which now operates as Cabot Plastics Canada, LP and is a fully-owned subsidiary of Cabot within its global Specialty Compounds business. The other expansion undertaken by Cabot is the commissioning of a new production line at its manufacturing facility in Pepinster, Belgium. This will increase capacity and enhance production capabilities for plastic formulations, including conductive and engineering thermoplastics formulations. With this additional capacity, the Pepinster site is now the largest masterbatch and compounds manufacturing facility in Cabot’s network.
With the latest expansions, the company’s full service manufacturing and sales capabilities in the North American region will be able to meet the demand of both global and regional customers. The company now has a complete range of black masterbatches from five manufacturing locations throughout Europe, Middle East, Asia and North America.
Cabot’s shares have lost around 3.4% over a year, as against the roughly 13.8% gain recorded by the

Cabot Corporation Quote

Zacks Rank & Stocks to Consider

Cabot currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Kronos Worldwide Inc. (NYSE:KRO) , Nissan Chemical Industries Ltd. (OTC:NNCHY) and Methanex Corporation (NASDAQ:MEOH) .
Kronos has an expected long-term earnings growth rate of 5% and sports a Zacks Rank #1 (Strong Buy). The company’s shares have moved up 52.8% in a year. You can see Zacks Investment Research
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Written By: Zacks Investment Research

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