BOSTON—Two carbon black companies with offices in the U.S. are raising prices on carbon black.
Boston-based Cabot Corp. and Spring, Texas-based Orion S.A. will raise prices globally.
The Cabot price hike begins Dec. 1 or as contracts allow. It will affect all shipments of carbon black sold by the specialty carbons business. The increase will vary from region to region and is "necessitated due to the impact of inflation on labor, maintenance and other manufacturing operations as well as supply chain related costs," Cabot said in a news release.
"These price adjustments will help ensure that Cabot remains a reliable, long-term supplier of high-quality products and services to its customers," the company said. "Cabot is committed to ensuring supply security and the highest service standards for its customers, delivering technology and process innovations while also advancing its sustainability targets."
Orion S.A.will institute a price hike among specialty carbon black grades, beginning Jan. 1. All specialty grades produced in Europe, as well as Nerox-brand carbon black made in South Korea will see increased prices, Orion said in a statement.
"The price adjustments will ensure that Orion continues to supply the differentiated, high quality Specialty products that customers want during this period of rising feedstock and operations costs," CEO Corning Painter said. "Additionally, it will enable the development of new products and solutions to support our global customers."
