Cabot Corporation

Cabot Corporation

Company type	Public
Founded	1882
Headquarters	Boston, Massachusetts, USA
Key people	Godfrey Lowell Cabot: Founder
Products	Aerogel, Carbon Black, Caesium Formate Fluids, Conductive Compounds, Elastomer Composites, Fine Caesium Chemicals, Fuel Cell Electrocatalysts, Fumed Metal Oxides, Inkjet Colorants, Masterbatch, Mined Minerals, Niobium, Tantalum
Revenue	USD$2.5 billion (2006)
Number of employees	4,400
Website	Cabot Corporation

Cabot Corporation is a specialty chemicals and performance materials company. It operates in four segments: the Carbon Black Business, the Metal Oxides Business, the Supermetals Business, and the Specialty Fluids Business. Cabot's headquarters is located in Boston, Massachusetts. The company's slogan is "Creating What Matters".

History

The Cabot Corporation was founded in 1882 by Boston entrepreneur Godfrey Lowell Cabot. The company started by focusing on certain metalloids and pharmaceuticals in the 20th century and continued into the 21st century by creating small electronic devices.

Products

Some of the products produced at Cabot Corporation are:

• Aerogel
• Carbon Black
• Caesium Formate Fluids
• Conductive Compounds
• Elastomer Composites
• Fine Cesium Chemicals
• Fuel Cell Electrocatalysts
• Fumed Metal Oxides
• Inkjet Colorants
• Masterbatch
• Mined Minerals
• Niobium
• Tantalum

Although the company produces multiple products, 77% of the company's FY 2007 revenue came from the sale of Carbon Black, an ultra fine particle used primarily in the production of tire rubber.

Criticisms

Pollution

Sam Bodman, CEO of Cabot during the coltan boom, was appointed in December 2004 to serve as President Bush’s Secretary of Energy. Under Bodman’s leadership from 1987 to 2000, Cabot was one of the U.S.’s largest polluters, accounting for 60,000 tons of airborne toxic emissions annually.

Cabot Position on Mining in Africa

Cabot is aware of the United Nations' Security Council Document (S/2001/357) "Final Report of the Panel of Experts on the Illegal Exploitation of Natural Resources and Other Forms of Wealth of the Democratic Republic of the Congo". The report includes a description of certain activities associated with the illegal or unlawful taking of minerals from the Democratic Republic of the Congo (DRC), including columbo-tantalite (coltan).

Since this report was issued in 2002, Cabot has rigorously communicated to its employees, customers and investors that it does not purchase or mine tantalum or coltan from the DRC. Cabot's supply of ore comes exclusively from our own mine in Manitoba, Canada, a Talison Minerals owned mine in Wodgina, Australia and a Noventa owned mine in Mozambique.

Cabot is a leading world producer of tantalum and niobium products as well as other chemicals. We are committed to ensuring the safety, health and protection of people and the environment around the world. As responsible global citizens, we are continually striving to meet or exceed governmental and environmental standards worldwide.

Therefore, our position on the purchase, sale or mining of tantalum or coltan in the Democratic Republic of Congo is:

• • We do not and will not mine any material containing Tantalum, including coltan in the Democratic Republic of the Congo.
  • We do not and will not knowingly purchase any material containing Tantalum, including coltan, which was mined in the Kahuzi-Biega National Park and the Okapi Wildlife Reserve in the Congo.
  • We reject any new offer of ore if there is any possibility that the source is the DRC. We have instructed the personnel in our organization responsible for acquiring raw materials not to acquire any material containing tantalum, including coltan, that they have reason to believe was mined in the Kahuzi-Biega National Park and the Okapi Wildlife Reserve in the Congo, and not to sell any such material. We employ several controls to ensure that we do not purchase ore from the DRC, including the requirement of a government issued certificate of origin to ensure the ore we purchase is not sourced from the DRC.
  • We do not acquire any material containing tantalum from the following countries: Republic of Congo; Democratic Republic of Congo, Republic of Zambia, Republic of Burundi, Republic of Rwanda.

Cabot will not knowingly purchase any tantalum supplies from any unlawful source where wildlife or the environment is threatened in any part of the world.

Cabot fully supports efforts by relevant authorities to enforce initiatives that protect the environment and endangered species and we deplore all unlawful and immoral activities surrounding the use and production of coltan mined in the Democratic Republic of Congo.

External links

• Cabot Corporation
• Business & Human Rights Resource Centre reports on Cabot
• Cabot Profile at Wikinvest