On October 25, Cabot announced that it intends to cease manufacturing at its masterbatch facility in Grigno, Italy effective February 28, 2011. According to the release, the decision was made as a result of a broad reaching analysis aimed to align Cabot’s manufacturing capabilities with the business strategy and market growth opportunities. An in-depth assessment of customer requirements and the competitive landscape relative to Grigno’s cost structure, technology capability and scalability, among other factors, led to the decision.
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