Sean Keohane0:04
Cabot has a rich history of leading innovation in specialty plastics applications, and this remains central to our strategy as we move forward. Our vision to be the most innovative, respected, and responsible leader in our markets is really consistent with how we engage with our customers in addressing their key sustainability concerns, such as optimizing the use of recycled polymers and driving product innovation, for example in enhancing applications development in light weighting and conductivity in new vehicle design. A prime intent is to deliver performance in our customers' applications that truly makes a difference.
Cabot is uniquely positioned as the only integrated carbon black and black masterbatch producer. This allows us to combine our deep expertise in carbon black materials with formulation know-how and manufacturing capabilities on a global level.
Our specialty compounds business is focused on growth in conductive plastics and engineering thermoplastics, while continuing to grow in our core segments that provide the foundation for the business. In conductive plastics, for example, we're leveraging our 30-plus years of experience formulating conductive compounds to continue developing new products while promoting new concepts like conductive concentrates. In our other segments, we're introducing new products that meet ever stricter requirements for food contact and developing new solutions that support our customers' sustainability initiatives and desire to produce greener products.
Our products serve important segments of the plastics industry. Our black solutions enable a range of very important functionalities including color, UV protection, and electrical connectivity for use in ESD applications. Combined with high purity and superior dispersion, they provide excellent appearance and value with minimal impact on the mechanical properties for a range of important plastics. These are very critical properties in delivering high-value solutions to the plastics industry. Deep customer collaboration is our growth engine and it is an important source of innovation. Whether it's a broad range of low pH products for food contact or our new highly conductive carbon blacks that can be used at very low loadings, innovation is the hallmark of Cabot's offering.