Cabot Corporation to Increase Prices for Rubber Carbon Black Products in North America
BOSTON – April 13, 2018 - Effective for all shipments made on or after June 1, 2018, or as customer contracts allow, Cabot Corporation is increasing prices for carbon black products sold by its Reinforcement Materials segment in North America. All Vulcan®, Sterling®, Regal®, Spheron® and Propel® carbon black products will increase by $0.045/lb except for Vulcan® XC-72, Vulcan® XC-72 R and Sterling® C carbon blacks. In addition, prices will increase by 4% for Black Pearls®, Monarch®, CRX, Vulcan® XC-72, Vulcan® XC-72 R and Sterling® C carbon black products.
The price increase is necessary to address persistently rising costs associated with the manufacturing of quality products, regulatory and environmental compliance, packaging, and logistics. The price increase will enable Cabot to remain a reliable supplier of high-quality carbon black products to meet growing demand in the region. In addition, it will ensure Cabot continues to provide the highest level of service and technical support available while also offering innovative products 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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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.