MARIETTA, Ga.—Beginning May 1, Birla Carbon will raise base prices for all its carbon black markets in North America, a move it says is driven by increasing operating costs.
All shipments made on or after the May 1 date will be subject to the price adjustment or $170 per metric ton. Those with supply agreements will see price increases implemented upon renewal of the agreement, Birla said in a news release.
"Birla Carbon is committed to serving its customers in every region of the world and making investments that allow it to continue to do so," the company said in a statement. "This increase is made necessary by capital requirements and increased operating cost associated with meeting emission limits in the U.S. and the increasing cost of compliance elsewhere in North America."
Birla Carbon, a business of the Aditya Birla Group, operates 16 manufacturing facilities in 12 countries, providing carbon black for range of end products including tires, rubber, coatings, inks and plastics. In addition to its manufacturing facilities, Birla operates two technology centers in Marietta and Mumbai.