New state-of-the-art facility extends Cabot’s long-term relationship
with Dow
Dow Carrollton site celebrates 50 years of successful operations
CARROLLTON, Ky.--(BUSINESS WIRE)--Sep. 29, 2017--
Sean Keohane, president and chief executive officer of Cabot
Corporation (NYSC:CBT) and Howard Ungerleider, chief financial
officer of DowDuPont
(NYSE:DWDP) joined more than 150 local officials, business leaders and
community members today to celebrate the groundbreaking of Cabot’s
world-class, fumed
silica plant located adjacent to Dow’s Carrollton site in western
Kentucky. The official ceremony was held in the presence of local
government representatives and other business leaders at the site of the
new facility. The groundbreaking coincides with the 50th
anniversary of the Dow site in Carrollton and celebrates the Company’s
history of innovation through silicones chemistry.
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http://www.businesswire.com/news/home/20170929005442/en/
Announced in May 2017, the new manufacturing facility is scheduled to be
operational by 2020, and will extend Cabot’s long-term relationship with
Dow while furthering Cabot’s position as a leading producer of fumed
silica. Upon completion, the plant will incorporate Cabot’s latest
technology advances into the plant design and operations. Additionally,
the collocation enables a fence-line relationship with Dow, creating a
closed-loop system that reduces transportation risks, increases
manufacturing efficiencies and reduces waste.
“This is wonderful news for the Carrollton community and the region, as
we welcome new manufacturing and celebrate 50 years of innovation,” said
Kentucky Gov. Matt Bevin. “Both of these companies, Cabot and Dow, bring
a rich history of excellence to our state and a proud tradition of
community and employee support.”
Dow and Cabot have developed a cooperative relationship as both supplier
and customer to each other over the last 30 years, with current
neighboring operations in Midland,
Michigan, U.S.A. and Barry,
Wales, United Kingdom. Silicone products made at the Dow site are used
by Cabot as a building block for producing fumed silica, an ultra-fine,
high-purity particle used as a performance additive in a broad range of applications.
Dow, in turn, uses Cabot’s fumed silica in its silicone products as well
as by-product from Cabot’s process in its operations.
“We are proud to be a long-standing business partner and corporate
citizen in Carrollton, and we are excited to recommit to the site and
the community today with the groundbreaking of the new Cabot plant,”
said Ungerleider. “The facility will provide a long-term supply of high
quality fumed silica to Dow for use in applications for fast growing
end-markets, including packaging and construction, and will support
sustainable growth for Dow, Cabot and for northern Kentucky.”
“This is yet another example of our corporate strategy at play as we
continue to invest and strengthen our core market capabilities,” said
Keohane. “This is a great day for Cabot as we expand our presence in
North America by building adjacent to our longtime partner Dow in
Carrollton. As leaders in our respective industries with a shared
commitment to manufacturing and safety, health and environmental
excellence, collocation in Carrollton was a natural fit. We look forward
to bolstering our partnership, the local economy and community with our
new operation.”
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and
performance materials company, headquartered in Boston, Massachusetts.
The company is a leading provider of rubber
and specialty
carbons, activated
carbon, inkjet
colorants, cesium
formate drilling fluids, masterbatches
and conductive compounds, fumed
silica, and aerogel.
For more information on Cabot, please visit the company’s website
at: http://www.cabotcorp.com.
About DowDuPont Materials Science Division
DowDuPont Materials Science, a business division of DowDuPont (NYSE:
DWDP), combines science and technology knowledge to develop premier
materials science solutions that are essential to human progress. The
division has one of the strongest and broadest toolkits in the industry,
with robust technology, asset integration, scale and competitive
capabilities that enable it to address complex global issues. DowDuPont
Materials Science’s market-driven, industry-leading portfolio of
advanced materials, industrial intermediates, and plastics businesses
deliver a broad range of differentiated technology-based products and
solutions for customers in high-growth markets such as packaging,
infrastructure, and consumer care. DowDuPont intends to separate the
Materials Science Division into an independent, publicly traded company.
More information can be found at www.dow-dupont.com.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170929005442/en/
Source: Cabot Corporation
The Dow Chemical Company
Jarrod Erpelding, +1 989-633-1863
Media
Relations
jarrod.erpelding@dow.com
or
Cabot
Corporation
Vanessa Craigie, +1 617-342-6015
Director,
Corporate Communications
vanessa.craigie@cabotcorp.com
