TIANJIN, China (July 1)—Cabot Corp. and its joint venture partner in China are boosting investment at their carbon black plant under construction in Tianjin by nearly $30 million to raise capacity there by 20,000 metric tons.
Cabot and Shanghai Coking and Chemical Co. announced plans last November to build a 50,000-metric-ton-per-year carbon black plant in Tianjin, with production to start in early 2006. The additional capacity, for "specialty" blacks, should come on stream in the second half of 2006.
The new plant will complement an existing Shanghai Cabot Chemical Co. Ltd. factory in Shanghai, China, which operates more than 130,000 tons of annual capacity after adding about 50,000 tons throughout 2003 and early 2004.
Sean Keohane, vice president and general manager of Cabot´s performance products business group, said the added capacity will allow Cabot Performance Products (Tianjin) Co. Ltd., to meet the rapidly growing market in China and the Asia/Pacific region to high quality carbon black.
The partners did not disclose their original investment in the Tianjin facility.