News from Notch Consulting, Inc.

September 19, 2011

Cabot Opens Masterbatch Facility in China

Filed under: Carbon Black — Notch @ 9:58 pm

On September 18, Cabot Corporation held the opening ceremony for its new black masterbatch plant in Tianjin, China. Cabot announced the beginning of construction in February 2011 with plans to invest approximately US$20 million for the plant, which is located inside its Tianjin facility, a joint venture with Shanghai Coking and Chemical Corporation, a subsidiary of Shanghai Huayi Group Company, Ltd. The site in Tianjin already supports the world’s largest rubber and specialty carbon black complex.

The masterbatch facility will have an annual nameplate capacity of approximately 45,000 metric tons and expansion capacity to 80,000 metric tons in the future. According to Cabot, the state-of-the-art plant includes the latest environmental and manufacturing technologies to ensure production of high-quality masterbatches.

“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 chief executive officer.

Here is the full release.

Bridgestone Corporation to plead guilty in marine hose bid-rigging case

Filed under: Uncategorized — Notch @ 12:49 pm

The September 15 Wall Street Journal reports that Bridgestone Corporation will plead guilty of participating in conspiracies to rig bids, bribe Latin American government officials, and fix prices in the international rubber marine hose business. Bridgestone has agreed to pay $28 million in fines according to press releases from the company and the Justice Department. The department said that Bridgetstone was part of an antitrust cartel that fixed prices for hundreds of millions of dollars of marine hose, which is used for transferring oil from tankers to storage facilities. The company’s actions took place from 1999 to May 2007. Bridgestone is the fifth company to be charged in the department’s marine-hose investigation. The department said it agreed to recommend a “substantially reduced” fine for Bridgestone because the company cooperated extensively with investigators, restructured parts of its business and fired many of its third-party agents. Bridgestone emphasized its efforts to cooperate in a written statement and signaled that it would withdraw from the marine hose business.

Bekaert celebrates expansion of its tire cord plant in Russia

Filed under: Tire Cord — Notch @ 12:28 pm

In a September 15 press release, Bekaert celebrated its plant expansion in Lipetsk, Russia. Bekaert Lipetsk manufactures steel cord products for the Russia and CIS tire industries. The expansion includes construction of a new facility covering 13,000 square meters along with associated infrastructure and state-of-the-art machinery. No production volume specifications were included in the press release.

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