Effective September 17, 2015, or as contracts allow, Cabot Corporation will increase prices, up to 6% globally, for specialty carbon products. This price increase is required due to escalating operating, logistics, currency devaluation and environmental compliance costs.
Cabot makes every effort to manage costs and optimize cost structures and productivity. However, persistently rising operational costs make this a necessary action. The increase will help ensure that Cabot remains a reliable, long-term supplier of high-quality products and services. It will also enable continued investment in the development of new products and applications to support its customers. Cabot is dedicated to ensuring supply security and the highest service standards for its customers, delivering innovative new products and processes, and achieving its sustainability targets.
Birla Carbon, effective globally as of October 1, 2015, will also increase prices for all carbon blacks by up to 9% depending on the product. All shipments made on or after this date are subject to the price increase. This measure is necessary to ensure the sustainability of the business, and to make continued investment in processes and products possible.
August 26, 2015