BOSTON - April 2,2019 - Effective May 2, 2019, or as contracts allow, Cabot Corporation will increase prices for specialty carbon black products by up to 8 percent in North America.
This price increase is necessary to offset rising raw material costs and invest in technology to enhance supply reliability and comply with environmental regulations.
This increase will enable Cabot to support the investments required to continually deliver the broad range of high-quality products, technology innovations and services that customers value. As a leading supplier of carbon black products, Cabot is committed to the markets it serves and is investing in current assets and in further expansions, as well as in product innovation, to enable customers’ growth.
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, inkjet colorants, cesium formate drilling fluids, fumed silica, and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com
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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.