01/13/2012 | Editor: Dominik Stephan
Cabot moves its Honk Kong Masterbatch production to Tianjin, where the company operates a state of the art 45 kilotons/year production facility.
Honk Kong/PR China – Cabot nannounced plans to close down its masterbatch facilities in Honk Kong. Officials confirmed plans to move the production of this basic raw material for the plastics industry to Tianjin/PR China, where Cabot operates a 45 kilotons–per–year production plant build in 2011. This capacity, the company states, would be large enough to supply the current demand of the plastics industry in Asia, as well as its expected near-term future growth.
“We want to be the supplier of choice in China’s plastics markets for masterbatch,” said Patrick Prevost, Cabot president and chief executive officer. “Our operations in Tianjin give us important competitive advantages. Moving all of our China masterbatch production to Tianjin maximizes these advantages. The move allows us to be closer to our customers, and to deliver high-quality, cost-competitive masterbatch, using the most advanced process technologies in the industry. We’re committed to helping our customers grow in China, and this action makes us a stronger supplier in this market.”
Cabot produces masterbatch products for a broad range of uses in the plastics industry, such as key infrastructure and automotive applications. Typical end products include plastic moldings, pipes, cable jacketing, film, and much more.
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