|Cabot Corporation to Increase Prices in EMEA for Rubber Carbon Black Products|
BOSTON – May 12, 2017 - Effective for all shipments made on or after June 12, 2017, or as customer contracts allow, Cabot Corporation is increasing prices on all carbon black products in its Reinforcement Materials segment sold in the Europe, Middle East and Africa (EMEA) region.
As the carbon black industry continues to transform, Cabot is experiencing significant cost pressures due to high utilization rates, increased requirements to meet new regulations and sourcing challenges for feedstock that is specifically selected for the production of carbon black in the EMEA region. Despite ongoing efforts to offset these costs, price adjustments will be implemented in the range of 50 to 80 €/MT, in addition to any applicable feedstock index-related adjustments, for rubber carbon black products.
The increase is necessary to ensure Cabot remains a reliable, long-term supplier of high quality carbon black products, and ensures continued investment in new products and applications 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, 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.