Cabot to restructure after posting loss in fiscal 2015; closes Indonesian carbon black plant

详细信息    查看全文

• 刊名：Additives for Polymers
• 出版年：2016
• 出版时间：January 2016
• 年：2016
• 卷：2016
• 期：1
• 页码：6-7
• 全文大小：82 K

文摘

US speciality chemicals and performance materials company Cabot Corp has announced plans to restructure its operations in response to ‘challenging macroeconomic conditions’. The proposed plan, which is subject to local consultation requirements and processes in certain locations, would result in about 300 redundancies worldwide with anticipated cost savings of approximately US$50 million in fiscal 2016 as compared to fiscal 2015. The company reported a 21% decline in annual sales and a net loss of $331 million for its 2015 fiscal year, which ended 30 September.