News from Notch Consulting, Inc.

August 30, 2011

Cabot to divest its supermetals business to concentrate on core businesses

Filed under: Carbon Black, Silica — Notch @ 8:38 am

Cabot Corp, the US-based specialty chemical company, will sell its supermetals business to Australia’s Global Advanced Metals (GAM) for $400 million in cash in order to focus on its core businesses. Founded in 1882, Boston, Massachusetts-based Cabot is a global specialty chemical and performance materials company that makes products such as carbon black, fumed silica, and inkjet colorants.

Xingda proceeds with plans to build new tire cord factory despite recent lower profits

Filed under: Tire Cord — Notch @ 8:22 am

Xingda International Holdings Limited, a Chinese producer of steelcord for tires and other products, saw lower profits on increased sales for the six months of 2011. Construction of the Group’s No. 9 factory has continued according to schedule. Xingda also intends to build a new factory in China’s Shandong Province with a planned production capacity of 100,000 tons for radial tire cord, much of which will be used to manufacture truck tire cord. Construction of the Shandong factory is to be in parallel with the expansion of No. 9 factory. The total production capacity for radial tire cord of the Group will then exceed 600,000 tons by 2012, reaching 700,000 tons by 2013.

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