Cabot Corp. expects growing demand for carbon black
The European Rubber Journal (ERJ) reports that Cabot Corp. – a renowned global producer of carbon black – has seen a significant rise in its second quarter results. The magazine says Cabot “expects the robust and broad-based demand to continue in the second half of the year.”
ERJ hightlights that for Cabot, “this has been the second consecutive quarter of record earnings (EBIT) within its Reinforcement Materials segment, which includes the production of rubber carbon black materials.”
According to Cabot’s announcement from May 3, 2021, the segment’s earnings rose by 45%, i.e. up to $81 million within the first quarter of 2021.
According to the company, the growth in earnings is attributed to higher volumes across all regions and growing carbon black prices in Asia.
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