Effective for all shipments made on or after August 1, 2019, or as customer contracts allow, Cabot Corporation is increasing prices by US$0.07 per pound on all carbon black products in its reinforcement materials segment sold in the North America region.
This price increase is necessary to assure customers of continued supplies at a time of increasing demand from tire production in the region. Additionally Cabot continues to make substantial investments and incur significant new costs to reduce air emissions and enhance the sustainability of its operations in the region. Cabot believes these actions will further augment its long-term value proposition to customers based on quality, reliability, and sustainability.
Cabot is also updating the standard commercial policies for its reinforcement materials segment in North America, including changes to standard packaging, transportation and warehousing premiums. Updated commercial policies may be found on Cabot’s website.