HANOVER, Germany—Carbon black producer Birla Carbon is increasing its carbon black prices in its Europe and Africa region.
The company announced May 22 that the price for the materials will increase by about $78 per metric ton as of July 1.
The increase, according to the Mumbai, India-based carbon black company, was necessary to address market environment, raw material costs and increasingly stringent regulatory requirements.
Earlier this month, Boston-based Cabot Corp. said it will enact price increases in the Europe, Middle East and Africa (EMEA) region by mid-June. The firm said all of its carbon black products would be affected.
"Despite ongoing efforts to offset these costs, price adjustments will be implemented in the range of ($55) to ($90) per ton, in addition to any applicable feedstock index-related adjustments, for rubber carbon black products," Cabot said in a May 12 statement.