New Research and Development Center Accelerates Application
Innovation Capabilities in Asia Pacific
SHANGHAI--(BUSINESS WIRE)--Sep. 14, 2017--
Today, Cabot
Corporation (NYSE: CBT) announced the opening of its new Asia
Technology Center in Shanghai,
China. The investment will enhance Cabot’s application
development capabilities and will provide a state-of-the-art
collaboration platform to deliver innovative solutions to customers
throughout Asia Pacific.
The 4,500 square meter Technology Center is co-located with Cabot’s
regional headquarters in Shanghai and features advanced analytical and
application testing equipment to provide global, best-in-class technical
application service. The lab will support Cabot product lines including
rubber and specialty carbons, fumed metal oxides, masterbatch and
compounds, activated carbon and inkjet colorants with testing and
development capabilities that closely represent Cabot’s customer
applications.
The new lab will initially host approximately 30 highly skilled
researchers and scientists from all of Cabot’s businesses under one roof
to improve the company’s cross-collaboration, leverage its various
technology platforms and create new solutions for customers. This team
is specifically attuned to the unique requirements of Cabot’s China-and
Asia-based customers across a range of critical applications. The center
will also leverage the expertise from Cabot’s extended technology teams
from across its global network.
“This investment in China is strategically important to our ability to
deliver on our vision and goal of driving application innovation with
our customers by developing solutions that deliver advanced performance.
Throughout our 135-year history we have a proven track record of
creating innovative solutions that help address a variety of business
and global challenges,” said Sean Keohane, president and chief executive
officer. “Furthermore, our new Technology Center provides an open and
inviting environment that supports dynamic discussions and
collaboration, so that we can work together with our current and
prospective customers and partners to help them achieve their goals.”
To foster customer
collaboration, the center is designed to enhance one-on-one
interactions with customers. It enables exploration of Cabot’s broad
product portfolio and the numerous applications in which they can be
applied to meet a range of market needs. In addition, the center
provides the ideal setting for collaborations with local academia,
providing a steady flow of innovative ideas and connections to some of
the best talent from leading universities in China and throughout Asia.
Cabot has long recognized Asia, and specifically China’s importance in
the global market, and has established strong manufacturing and
commercial capabilities in the region. With the new Asia Technology
Center, Cabot is expanding its presence in China and Asia to better
collaborate with customers on innovative application development
solutions.
“Our new Asia Technology Center provides our customers throughout Asia
Pacific access to our unparalleled particle knowledge and technical
expertise. In addition, we can deliver truly differentiated solutions
that meet the market needs of today and the future by providing more
collaborative services, faster development and increased speed to
market,” said Jeff Zhu, senior vice president, and president of the Asia
Pacific Region. “This investment shows our commitment not only to China
and Asia, but to the development of advanced technologies and services
to our customers. Through the new Technology Center, we are entering an
exciting new phase of growth in Asia.”
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.
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/20170914005009/en/
Source: Cabot Corporation
Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate
Communications
or
Steve Delahunt, 617-342-6090
Investor
Relations