Cabot Corporation (CBT) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.123 And then are you being impacted at all by Dow's silicone rationalization efforts in 00:00:05.123 -- 00:00:07.123 Europe? 00:00:07.849 -- 00:00:13.422 So as you know, Dow has announced the closure of their 00:00:13.422 -- 00:00:18.894 siloxanes plant in Barrie, Wales, and we have a fume silica 00:00:18.894 -- 00:00:24.451 plant. next door to them where we exchange some feedstock 00:00:24.451 -- 00:00:29.259 and materials as part of a long-term agreement that goes out through the end of 2028. 00:00:29.259 -- 00:00:34.288 And we're currently in discussions with Dow on exactly 00:00:34.288 -- 00:00:38.272 how they'll perform against that contract. 00:00:39.317 -- 00:00:41.497 Thank you. 00:00:41.721 -- 00:00:45.304 Thank you. One moment for our next question. 00:00:47.129 -- 00:00:51.295 Our next question comes from the line of David Begleiter with Deutsche Bank. 00:00:51.295 -- 00:00:53.818 Your line is open. Please go ahead. 00:00:53.818 -- 00:00:56.662 Hi, this is Emily Fusco on for Dave Begleiter. 00:00:56.662 -- 00:01:01.909 Maybe a question on tire contract prices. How much do you expect 2026 00:01:01.909 -- 00:01:04.692 prices to be down or expectations by region? 00:01:04.692 -- 00:01:10.060 And maybe if you could give some color on what percentage of negotiations have been settled. 00:01:10.060 -- 00:01:12.260 Thank you. 00:01:12.408 -- 00:01:17.455 Sure. So what I can tell you is that we have completed roughly 00:01:17.455 -- 00:01:19.497 25% of 00:01:19.497 -- 00:01:24.524 our contracts at this point, which is behind where we were at this time last year, 00:01:24.524 -- 00:01:30.612 where we were closer to 45% of the negotiations complete. 00:01:30.612 -- 00:01:35.618 And I think it's taking a little longer this year in part...