Cabot Signs Agreement with Risun for New China Carbon Black Manufacturing

Cabot (China) Ltd., a wholly-owned subsidiary of Cabot Corporation CBT, has entered into a joint venture with Risun Chemicals Company, Ltd., a wholly owned subsidiary of Risun Coal Chemicals Group, Ltd., company officials announced today.

Cabot owns a 60-percent equity interest in the new joint venture under the agreement.

Additionally, Cabot and Risun will invest approximately $100 million to construct a state-of-the-art carbon black manufacturing facility in Xingtai City. The city is located about 250 miles (400 kilometers) south of Beijing in Hebei Province.