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Cabot to close Indonesian carbon black facility

Nov. 11, 2015 5:09 PM ETCabot Corporation (CBT) StockBy: Carl Surran, SA News Editor
  • Cabot (NYSE:CBT) says it will close its carbon black manufacturing facility in Merak, Indonesia, with manufacturing operations ending by the end of January.
  • CBT says the facility's financial performance has struggled in recent years with low utilization rates.
  • CBT expects the closure plan will result in a ~$33M pre-tax charge to earnings, of which $8M is cash and $25M is a non-cash charge.

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