Cabot Corporation announced that it has realigned its global business segments. The new segment structure is designed to improve efficiency and resource prioritization. It will also enable stronger customer focus and better align with the recently announced organizational structure. The company is organized into four segments that now include Reinforcement Materials, Performance Chemicals, Specialty Fluids and Purification Solutions. The Reinforcement Materials segment now combines the rubber blacks and elastomer composites product lines. This segment’s main objective is to serve the tire and industrial rubber industries. The Performance Chemicals segment now combines the specialty carbons and compounds, and inkjet colorants product lines into the Specialty Carbons and Formulations business, and combines the fumed metal oxides and aerogel product lines into the Metal Oxides business. This new structure better leverages Cabot’s global activities across common customer applications, production, and research and development. The Specialty Fluids business will now be a stand-alone reporting segment. Finally, there is no change to the Purification Solutions segment, which includes the Cabot Norit Activated Carbon business. The new segment structure is aligned with recently announced senior management changes. Sean Keohane is the executive vice president and president of the Reinforcement Materials segment. Nick Cross is the executive vice president and president of the Performance Chemicals and Specialty Fluids segments. Fred von Gottberg is the senior vice president and president of the Purification Solutions segment. Beginning with the first quarter of fiscal 2015, financial results for the company will reflect the realigned segment structure. Included with this press release are recast financial statements for fiscal 2013 and fiscal 2014 consistent with these realigned segments. Commenting on the changes, Cabot President and CEO Patrick Prevost, said, “The new segment structure will better align with our organization and improve resource prioritization. Our objective remains to deliver earnings growth through superior customer relationships, manufacturing excellence, and outstanding technology development and engagement.”

Source: rubberworld.com