Cabot Corporation to Increase Prices for Activated Carbon Globally
BOSTON – September 21, 2018– Effective for all shipments made on or after October 1, 2018, or as customer contracts allow, Cabot Norit Activated Carbon will increase prices globally for all activated carbon products. Price increases will range from 5 percent to 10 percent, depending on the specific activated carbon product and region.
The price increase has become necessary due to currency fluctuations and escalating raw material costs. Additionally, the Company is facing higher freight costs and costs associated with environmental compliance controls at its manufacturing facilities. The price increases will enable Cabot to support continued investment in product and application development. Furthermore, it will ensure that Cabot remains a reliable, long-term supplier of high quality activated carbon products and services 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, 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.
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Contact:
Erin Caron
Corporate Communications
(617) 342-6257
Steve Delahunt
Investor Relations
(617) 342-6255