Cabot Corporation
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| Public | |
| Traded as | : CBT S&P 400 Component |
| Industry | Chemicals |
| Founded | 1882 |
| Founder | Godfrey Lowell Cabot |
| Headquarters | Boston, Massachusetts, U.S.A |
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Key people
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Sean D. Keohane, CEO |
| Products | Activated Carbon, Aerogel, Cesium Formate, Elastomer Composites, Masterbatches, Rubber Carbon Black, Security Materials, Silicas and Aluminas |
| Revenue | USD$3.3 billion (2012) |
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Number of employees
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5,000 |
| Website | www |
Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities and 28 sales offices."
Cabot Corporation was founded by Godfrey Lowell Cabot in 1882 when he applied for a patent for a "carbon black making apparatus". The company incorporated in the state of Delaware in 1960.
In 1993, a team of Cabot researchers developed a process for modifying the surface of carbon, allowing chemists and researchers to prepare surface modified carbon black products with properties never before associated with carbon materials. This breakthrough led to the development of new technologies and products including aqueous inkjet colorants, for printer ink the basis of Cabot's Inkjet Colorants business unit, which was founded in 1996.
In 2003, Cabot developed a commercialized process that allows continuous production of aerogels under ambient conditions, which was the start of the company’s Aerogel business. In 2009, Cabot completed construction of and began operating two additional rubber black production plants at its carbon black plant in Tianjin, China, increasing capacity to 150,000 metric tons. In July 2012, Cabot purchased Norit NV, the largest producer of activated carbon, for $1.1 billion.
Cabot sold its Supermetals business, which produced tantalum, niobium and related alloys, in 2011 to Global Advanced Metals Pty Ltd.
The company has reduced total recordable injuries by over 25% in the last five years. However, the company experienced two fatalities in 2011. The severity of incidents has caused the company to look at all aspects of workplace safety.
Sam Bodman, CEO of Cabot during the coltan boom, was appointed in December 2004 to serve as President Bush’s Secretary of Energy. Under Bodman’s leadership from 1987 to 2000, according to Jason Leopold, Cabot was one of the U.S.’s largest polluters, accounting for 60,000 tons of airborne toxic emissions annually.
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Wikipedia