Cabot Corporation to Increase Prices Globally for all CAB-O-SIL™ Hydrophobic and Colloidal Silica Products
BOSTON – May 24, 2022 – Effective for all shipments on or after July 1, 2022, or as contracts allow, Cabot Corporation (NYSE: CBT) will raise prices up to 15 percent globally for all CAB-O-SILTM hydrophobic and colloidal silica products.
The price increase is necessary as a result of increased costs associated with treating agents and transportation as well as higher plant operating costs.
This increase will help ensure that Cabot remains a reliable, long-term supplier of high-quality products and services. It will also enable Cabot to continue to invest in the development of new products and applications to support 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, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.
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The CAB-O-SIL name is a registered trademark of Cabot Corporation.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release involving the Company that are not statements of historical fact are forward-looking statements and are subject to risks and uncertainties inherent in projecting future conditions, events, and results. For a discussion of the risks and uncertainties that could cause results to differ from those expressed in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.