BOSTON—Cabot Corp. rarely stands pat for long. It adds to, subtracts from or expands an area of its business virtually every year.
Its goal is always to keep the company in front of the pack in the carbon black industry while improving the firm's operation.
Last year was no exception to that rule, and 2014 is starting out the same.
Cabot's next moves will be to open a new Europe, Middle East and Africa shared service center in Riga, Latvia, and close the company's Leuven, Belgium, service facility.
It devised the plan after an extensive evaluation of the firm's shared service capabilities in the EMEA region, the company said in a form it filed with the U.S. Securities and Exchange Commission.
The project is expected to be completed by the end of 2014, subject to completion of a required consultation process with its Leuven employees, John Reese, vice president of global marketing for reinforcement materials, said in an interview.
“Our customers choose Cabot because they know they will get the best combination of quality, service and technology possible,” he said. “Also, they know that we are committed to operating wherever they need us to help grow their business.”