BOSTON – Effective October 1, 2017, or as contracts allow, Cabot Corporation will increase prices, up to 5 percent globally, for its PLASBLAK® masterbatches as well as its CABELEC® conductive compounds and concentrates. This price increase is required to offset rising raw material, transportation, and operating costs, as well as costs associated with investments in new capacity, supply reliability and regulatory compliance at its specialty compounds manufacturing facilities.
The increase is necessary to ensure Cabot remains a reliable, long-term supplier of high quality products and services, and to help ensure continued investment in its current assets as well as further expansions, product innovation and application development to support 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, inkjet colorants, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica, 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.
Contact: Vanessa Craigie