BOSTON — Boston-based Cabot Corporation held an opening ceremony last week for its new masterbatch plant in Tianjin, China, according to a press release.
Cabot announced the beginning of construction in February 2011 with plans to invest approximately $20 million for the black masterbatch plant inside its Tianjin facility, a joint venture with Shanghai Coking and Chemical Corporation, a subsidiary of Shanghai Huayi Group Company, Ltd.
“This world scale plant is a milestone for Cabot because it is the first fully integrated black masterbatch production plant with our carbon black production facilities,” said Patrick Prevost, Cabot president and CEO. “We are excited about this new facility, not only because it''s going to be the largest and most cost effective integrated facility, but also because it’s going to improve the efficiency and the capability of the Tianjin operations. We appreciate the support of the Tianjin Economic Development Area and China governments in the continuing development of this facility.”