Cabot's battery materials business falls again

On February 28, Cabot announced the completion of the acquisition of Donghai Carbon (Tianjin) Co.
, Ltd.
, a subsidiary of Donghai Carbon Group, and obtained a new business license
.
It is reported that the plant will be upgraded to produce conductive carbon black additives to support the growth of Cabot's battery materials business, increase battery material production capacity, and help the development of the new energy vehicle industry

In recent years, the ban on the sale of fuel vehicles in various countries has been announced one after another, and the pace of global vehicle electrification is getting faster and faster
.
A number of battery manufacturers and auto giants are also actively planning to implement the research and development of batteries for electric vehicles

Cabot has made arrangements in the field of conductive agents, including investments in carbon black and carbon nanotubes
.
"We will excel in battery materials

Regarding choosing to invest further in Tianjin to realize the localization of the production and supply of conductive carbon black additives, Zhu Ji said: "The future development of China's new energy vehicle field is very rapid and bright, and conductive materials will also develop rapidly

It is reported that the acquired Tianjin plant has an annual carbon black production capacity of 50,000 tons, and will continue to provide services for existing carbon black customers in the future

"Cabot is a sought-after strategic partner and industry leader for our customers in conductive additives
.
This acquisition aligns with our strategy to invest in advantageous growth areas while developing innovative products and processes for a sustainable future

　　Regarding this acquisition, industry insiders said that since 2019, under the influence of the spread of the new crown pneumonia epidemic and the slowdown of global economic growth, the upstream and downstream industrial chains of the global chemical market have been poorly connected, and supply chain problems have become prominent