Cabot Corporation Commended by the International Carbon Black Association for Outstanding Safety Performance

Rhea-AI Summary

Cabot (NYSE: CBT) announced that 19 of its 20 carbon black facilities received recognition from the International Carbon Black Association (ICBA) for outstanding safety performance in 2023. Specifically, 18 facilities were awarded the gold award, while one received the bronze award. This recognition means Cabot secured over half of the awards granted industry-wide, including the highest percentage of gold-level awards.

Bart Kalkstein, executive vice president and president of Cabot’s Reinforcement Materials Segment and Americas Region, emphasized the company's dedication to health and safety. He praised the global teams for their efforts in ensuring workplace safety. The ICBA’s Safety Performance Recognition Program highlights facilities with excellent safety records and promotes best safety practices across the industry.

Positive

• 19 out of 20 Cabot carbon black facilities were recognized for safety performance.
• 18 facilities received the gold award, the highest available recognition.
• Cabot secured over half of the total awards granted by ICBA.
• Cabot achieved the highest percentage of gold-level awards.

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• None.

19 Carbon Black Facilities Across Global Network Receive Safety Awards

BOSTON--(BUSINESS WIRE)-- Cabot Corporation (NYSE: CBT) today announced that 19 of its 20 carbon black manufacturing sites have been recognized by the International Carbon Black Association’s (ICBA) Safety Performance Recognition Program. Across the company’s global network, 18 of its carbon black facilities received the gold award, the highest recognition available, and one received the bronze award for their outstanding safety performance in 2023. For the industry overall, a total of 35 ICBA member manufacturing facilities were recognized for above average safety performance, with Cabot achieving over half of all awards granted as well as the highest percentage of awards at the gold level.

“We are honored to be recognized once again by the ICBA for our strong leadership in safety performance,” said Bart Kalkstein, executive vice president and president, Reinforcement Materials Segment and Americas Region. “At Cabot, our unwavering focus on health and safety has been deeply ingrained in our culture throughout our company’s history. I am immensely proud of our dedicated teams across the world that work hard to ensure every co-worker, contractor and visitor returns home safely at the end of each day. We remain committed to fostering a workplace where we share and apply best practices that advance our safety performance and operational procedures across our carbon black sites.”

Through its Safety Performance Recognition Program, the ICBA identifies facilities across the globe that have excelled in protecting the carbon black industry’s most precious resource: its workforce. This program acknowledges outstanding safety records and helps to educate policymakers and the public about the carbon black industry’s genuine regard for making employee safety a pre-condition for successful operations. Furthermore, the Safety Performance Recognition Program is designed to share good safety practices, enhance awareness, and to promote safety 24-hours a day at the facility level.

For more information about Cabot’s commitment to safety performance, visit cabotcorp.com/sustainability.

ABOUT ICBA

The ICBA is a scientific, non-profit corporation originally founded in 1977. The purpose of the ICBA is to sponsor, conduct, and participate in investigations, research, and analyses relating to the health, safety, and environmental aspects of the production and use of carbon black. The association is managed and administered by a Board of Directors appointed by the member companies. This Board of Directors sets the strategy and provides overall direction to The Scientific Advisory Group (SAG) and the regional Product Safety and Regulatory Committees (PSRCs), while integrating and overseeing the activities of the SAG and PSRCs to determine objectives and priorities. For more details, visit carbon-black.org

ABOUT CABOT CORPORATION

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240710482059/en/

Emily Moran

Corporate Communications

emily.moran@cabotcorp.com

(617) 460-4517

Steve Delahunt

Investor Relations

steve.delahunt@cabotcorp.com

(617) 342-6255

Source: Cabot Corporation

FAQ

What recognition did Cabot 's carbon black facilities receive in 2023?

In 2023, 19 out of 20 of Cabot 's carbon black facilities were recognized by the International Carbon Black Association (ICBA) for outstanding safety performance.

How many of Cabot 's carbon black facilities received the gold award?

18 of Cabot 's carbon black facilities received the gold award for safety performance in 2023.

What percentage of the ICBA's safety awards did Cabot receive?

Cabot received over half of the total safety awards granted by the ICBA in 2023.

Which organization awarded Cabot 's facilities for safety?

The International Carbon Black Association (ICBA) awarded Cabot 's facilities for safety.

What is the stock symbol of Cabot ?

The stock symbol of Cabot is CBT.