Cabot Corporation Chemicals (U.S.A.) producer is planning to build a factory for the production of carbon black, said Deputy Prime Minister George Copos. The representatives of Capot Corp had a meeting at the Prefecture of the Prahova County Council (in Ploiesti city, 60 km from Bucuresti) to discuss the location of the production facility in the area, Bucharest Daily News reports.

The company would need for a 50 hectare land plot for the investment and has identified a spot corresponding to this specification in Arges County, where the necessary qualified personnel are also available, added the Romanian government representative.

Carbon black is a substance used by the auto industry for the production of tires, lacquers and dyes, as well as printing ink. The investment would be carried out in several stages, but the American company's officials say they are determined to establish the factory in Romania and not anywhere else.

Cabot Corporation has operations in 21 countries and employs approximately 4,400 people.

About 55 % of them work outside the United States, where the company has its headquarters.

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