MARIETTA, Ga. (Sept. 9)—Columbian Chemicals Co. will raise the price of rubber-grade carbon blacks made at its four North American plants by 10 percent, effective Oct. 1.
Columbian cited "unprecedented" increases in feedstock costs for the price hike. "These cost increases can no longer be absorbed by Columbian," said James E. Howard, senior vice president of marketing, sales and carbon black technology, "and higher prices are required for us to remain a long-term viable supplier."
The announcement follows by a week a price hike announced in Europe. Columbian raised prices Sept. 5 for rubber-grade carbon blacks made at its five European plants by $62 a metric ton.
The company told customers Sept. 1 it had declared force majeure—the voiding of supply contracts because of acts of God—for shipments from its North Bend, La., carbon black plant because of disruptions in production and shipments caused by Hurricane Katrina.