News from Notch Consulting, Inc.

July 27, 2018

Cabot Corporation Announces Segment Management Changes

Filed under: Carbon Black — Notch @ 4:01 pm

Cabot Corporation announced that Nicholas Cross, executive vice president and president of the Performance Chemicals segment and Europe, Middle East and Africa (EMEA) region, will step down from these roles at Cabot for personal reasons. Mr. Cross joined Cabot in 2009 as vice president and general manager for the EMEA region and was appointed executive vice president and president, Performance Chemicals segment in 2014. During his tenure, he held a variety of leadership positions, including president of the Specialty Fluids segment.

“I have really enjoyed my time with Cabot, and am grateful to have spent nearly 10 years with this great company. I am proud of the Company’s accomplishments during my tenure and this will stand out as a career highlight for me,” said Cross. “I see exceptionally strong opportunities within the Performance Chemicals segment to accelerate growth and Cabot is uniquely positioned to capture this growth.”

Mr. Cross will remain with the company through the end of January 2019, providing advisory and transition support.

Read the full press release here.

Bridgestone to invest $12 million in Illinois tire plant

Filed under: Tires — Tags: — Notch @ 3:52 pm

Bridgestone is investing $12 million to expand off-the-road production at its plant in Bloomington, Ill. The plant will produce multiple sizes and patterns in 29, 33 and 35-inch OTR tires, which until now have only been produced by Bridgestone in Japan.

This investment also includes increasing the workforce at the Bloomington plant by 30 employees. The last major investment in the plant was $48 million for a radial and giant loader expansion in 2011 and 2014.

“This investment is about increasing our flexibility to produce high-quality radial or bias tires — whatever our customers demand,” said Monty Greutman, plant manager at Bloomington. “It will allow us to deliver on our global commitment to develop innovative new products that will meet our customers’ needs, but it wouldn’t be possible without the outstanding teammates we have here today— some of whom have worked here for decades.”

Read the full press release here.

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