Cabot Corporation is shutting down manufacturing facilities in Argentina and the Netherlands to reduce costs. The move follows a sharp decline in earnings and weak demand for carbon black, primarily driven by a surge in tire imports across Europe and the Americas. While the reinforcement materials sector struggles, Cabot is seeing growth in its battery materials division. The company aims to save 30 million dollars in 2026 through headcount reductions and manufacturing efficiencies to offset current market volatility.
