10 February 2011 02:33 [Source: ICIS news]
SINGAPORE (ICIS)--Cabot has started building a 45,000 tonne/year black masterbatch plant at its facility at the Tianjin Economic Development Area in China, the company said late on Wednesday.
Cabot would invest around $20m (€14.6m) to build the plant, which could be expanded to 80,000 tonnes/year in the future, the US-based performance materials firm said in a statement.
The plant was expected to be commissioned in the middle of 2011, it added.
"Demand for masterbatch in China and the broader Asia-Pacific region is growing rapidly,” said Sean Keohane, vice president and general manager of Cabot's performance segment.
“The Tianjin masterbatch plant will supply products to a broad range of markets, from key infrastructure applications such as pipe and wire, and cable to the rapidly expanding automotive sector,” Keohane added.
Masterbatch is a process used to colour plastics. Cabot is a leading manufacturer of black masterbatches and a major supplier of white and additive masterbatches, according to its website.
($1 = €0.73)
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