CABOT CORPORATION TO INCREASE PRICES FOR RUBBER CARBON BLACK PRODUCTS IN NORTH AMERICA

Cabot Corporation will increase prices by $0.06 per pound on all carbon black products sold by its Reinforcement Materials segment in North America, effective July 1, 2021, or as customer contracts allow.

This price increase is necessary to address the increasing costs to provide reliability and supply assurance to customers as the industry continues to rebound strongly from the COVID-19 crisis and experiences rising utilizations in line with long-term fundamentals. At the same time, Cabot is investing approximately $200 million in NOX and SO2 reduction projects to meet requirements related to the U.S. Environmental Protection Agency’s (EPA) national enforcement initiative to control air emissions from carbon black manufacturing facilities. Cabot’s operating costs are increasing substantially as these systems are put into service to meet industry deadlines in 2021 and 2022.