Cabot Completes Expansion at Haverhill Facility
$10M project increases inkjet capacity to meet demand for high-growth commercial inkjet markets
A Cabot employee works to produce aqeuous inkjet pigment dispersions at the company's plant in
The project further supports Cabot’s growth in the emerging office segment of inkjet printing, and the commercial inkjet printing market. The new expansion doubles the production capacity of Cabot’s CAB-O-JET® small molecule color and polymer-attached pigment dispersion lines.
Cabot’s inkjet business benefits from an important technology shift in the commercial printing segment in which inkjet technology is increasingly being adopted in order to adapt to changes in volume and demand. Market analysts predict that the inkjet market for commercial print will achieve a compound annual growth rate of more than 35 percent over the next three years.
Inkjet technology is used in a variety of segments, including transactional printing, which includes monthly mailings such as credit card statements, personalized targeted direct mail and book printing. Publishing houses that are seeking to reduce book inventories and decrease print run lengths to respond to the increased use of eReaders and iPads are utilizing inkjet technology to enable “print on demand.” As a result, book printing is now the largest and fastest growing segment using inkjet technology.
Inkjet is also seeing significant growth in the small-office segment. This market has been traditionally dominated by laser printers sold for under
“As our dispersions deliver high optical density with the best durability in the market, we recognized a new opportunity to grow our inkjet business to meet our customers’ need for high performance, quality products for the growing commercial market,” said Julie Planchet, general manager, Cabot inkjet colorants. “By growing our color pigment dispersion business, we are able to expand our position as a strategic partner to more original equipment manufacturers. Furthermore, with color inkjet printing making in-roads into sizeable markets for transactional, book, direct mail, graphics, labels, packaging and signage, we see the potential for growth across a variety of printing applications.”
Cabot’s
“In Haverhill we are making a concerted effort to support economic development in our city and spur long-term growth,” said
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot’s business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K.
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