CABOT CLOSES CARBON BLACK PLANT IN WV - Tire Production Has Shifted To China

(04/08/2008)

About fifty West Virginia jobs have been lost to the gloablized market. Cabot Corporation has shut down its long-time carbon black plant in Waverly WV because tire manufacturing is shrinking in North America while growing in China and other countries in the Asian Pacific region and South America. Cabot first establish its niche in the carbon black industry in Calhoun County about 1900, with the world's largest carbon black factory at Cabot Station. Forty-Eight workers have lost their jobs at the Waverly plant. The operation closed March 31. Carbon black is used to reinforce rubber among other uses such as printing ink.

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