BOSTON (Dec. 22, 12:15 p.m. ET) — Cabot Corp. announced Dec. 19 it is closing its Hong Kong masterbatch plant on March 31 and moving production to its new facility in Tianjin, China.
Starting in April, all of Cabot's masterbatch product made in China will be produced in Tianjin. That plant opened in September.
“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,” said Patrick Prevost, Cabot president and CEO, in a news release.
Boston-based Cabot's masterbatch is comprised of a polymer and carbon black mixture. It is used in products including plastic moldings, pipe, cable jacketing and film.