FORT WORTH, Texas—Tokai Carbon Co. Ltd. has increased the price of all its carbon black grades, effective Nov. 1 or as contracts allow.
The company also will roll in all surcharges associated with U.S. consent decree projects into "its permanent pricing structure."
Tokai Carbon, based in Japan, said the hike is a function of escalating carbon black production costs in the U.S.
"Tokai Carbon CB has invested significantly over the last five years to support U.S. customers," the company said in a Sept. 11 release announcing the price increase. "Tokai Carbon has invested significantly in the future of carbon black's sustainability as a leader in this development."
Specifically, environmental control costs, reliability, safety and personnel expenses are at the root of the cost increase, Tokai said.
Tokai said it remains "committed to high standards and service levels for its customers."
Customers should contact their sales representatives for further details, the company said.