BOSTON – Effective September 1, 2018, or as contracts allow, Cabot Corporation will increase prices up to 10 percent globally for specialty carbon products. This price increase is required due to escalating costs associated with logistics, raw materials, environmental compliance and capital improvements.
The increase will help ensure that Cabot remains a reliable, long-term supplier of high quality products and services. It will also enable continued investment in the development of new products and applications to support customers. Cabot is dedicated to ensuring supply security and the highest service standards for its customers, delivering innovative new products and processes, and achieving its sustainability targets.
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.