BOSTON (Dec. 10) — Cabot Corp.'s new joint venture carbon black plant in China will require an initial investment of $28 million, Cabot said recently.
Cabot disclosed a few weeks ago it was forming a 70/30 joint venture in Tianjin, China, with Shanghai Coking and Chemical Co. to build and operate a 50,000-metric-ton-per-ear carbon black plant in the Tianjin Economic and Technological Development Area. Production is slated to start in early 2006.
Cabot and Shanghai Coking are also seeking approval to double the size of the plant, which, pending requisite governmental approvals, could be operational by late 2006, Cabot said.
The establishment of Cabot Chemical (Tianjin) Co. Ltd. is the second venture for both companies, which already are partners in Shanghai Cabot Chemical Co. Ltd., considered one of the largest carbon black plants in China with 130,000 tons of annual capacity.