Cabot Corp. (CBT) announced that the Board of its joint venture carbon black company, Cabot Malaysia Sdn. Bhd. Or CMSB, has decided to cease carbon black production at its Port Dickson, Malaysia, facility by the end of July 2013, due to manufacturing inefficiencies and raw materials costs.
Customer shipments from the plant are expected to continue for a period of time after production has been shut down. Cabot holds a 51 percent equity share in CMSB.
The company said the decision will affect about 90 carbon black employees. The company noted that it remains committed to engaging with customers currently served from the Port Dickson plant to determine how best to meet their needs during and after the shutdown of Malaysian production.
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