Cabot's three Japanese plants escape major damage

14 March 2011 18:48  [Source: ICIS news]

HOUSTON (ICIS)--US-based Cabot's three carbon-black plants in Japan are running, having escaped major damage from last week's earthquake, the company's director of investor relations said on Monday.

Cabot has plants in Kawahigashi-machi, Shimonoseki and Tokyo.

From what the company can see so far, none of the plants suffered major damage, said Susannah Robinson, director of investor relations.

The key issue for the plants in the upcoming weeks will be transportation, she said. Feedstock and employees will need to enter the plants, and finished product will need to leave them.

Since the earthquake was so recent, Cabot does not know how transportation could affect its plants, she said.

The earthquake hit Japan on Friday, with a magnitude of 9.0. The death toll is expected to exceed 10,000.

The quake and subsequent tsunami have shut down 22% of Japan's refining capacity and disrupted operations at several chemical plants.

For more on Cabot visit ICIS company intelligence


By: Al Greenwood
+1 713 525 2645



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