CABOT

Businesses Carbon Black, Fumed Metal Oxides, Inkjet Colorants, Nanogel, Cabot Specialty Fluids, Cabot Superior MicroPowders and Cabot Supermetals. Revenues $2.5 billion (2006) Operations 18 countries: 42 manufacturing facilities, 8 research and development facilities, and 26 sales offices. Employees 4,400. Some 55% work outside North America. Strategy Create value by (1) Optimizing our chemical businesses, by controlling costs and managing capacity, and (2) Developing new products and businesses. Cash generated by the first is invested in the second. Competencies Expertise in (1) Making and handling fine particles, such as carbons, mixed oxides, refractory metals and aerosols; (2) Modifying the surfaces of very fine particles, such as silicas, color pigments and catalysts; and (3) Designing particle-media composites for specific properties, such as color, dispersion stability, charge generation, electrochemical behavior and insulation. Stock Cabot common stock is listed on the New York, Boston and Pacific stock exchanges and the Chicago Board Options Exchange under the symbol CBT. Fiscal 2006 EPS on continuing operations: $1.82 versus ($2.11) in fiscal 2005.