On September 28, 2020, Cabot Corporation announced that, effective November 1, 2020, or as customer contracts allow, the company will increase prices by up to 8% on all carbon black products sold by its specialty carbons business globally.
The company said the price increase is necessary to address substantially increasing costs including specific input costs as well as operating costs driven by global, industry-wide strengthening of emissions compliance standards, including SOX and NOX air pollution controls in the United States, Phase IV of the EU Emission Trading scheme, and efforts throughout Asia to reduce pollution in accordance with local laws and permitting programs.