Cabot Corporation to Increase Prices for Activated Carbon Globally
BOSTON – May 1, 2017– Effective for all shipments made on or after June 1, 2017, or as customer contracts allow, Cabot Norit Activated Carbon is increasing prices globally on all grades of activated carbon. Average price increases will range from 5 to 10 percent, depending on the specific activated carbon product and region. Currency fluctuations, certain feedstock cost increases including coal, char, natural gas and utilities, higher freight costs, and new environmental controls have led to significant cost increases for the Cabot Norit Activated Carbon business. Due to the business’s global footprint and rigorous focus on costs, it has been able to absorb cost increases so far. However, these price increases are necessary to support Cabot’s continued investment in product and application development. It will also help to ensure that Cabot remains a reliable, long-term supplier of high quality activated carbon products, and to enable Cabot to continue to deliver exceptional support to its customers.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, fumed metal oxides, masterbatches and conductive compounds, inkjet colorants, cesium formate drilling fluids and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.