On May 6, Sid Richardson announced a price increase for carbon black, the details of which are provided in the following press release, which is reprinted in its entirety.
Sid Richardson Carbon & Energy Press Release
Effective June 1, 2010, Sid Richardson Carbon Co. will increase the net selling price of all carbon blacks by $0.05 a pound over the May price level. This increase will apply to all accounts not covered by an existing 2010 annual agreement. Going forward all customers can expect to continue to receive monthly spot quotes based on Carbon Black Oil and Natural Gas prices. The new May base prices will be the starting point for increases or decreases that result from the feedstock price movements.
This $0.05 increase will be used to provide the necessary capital to properly maintain and improve our plants in order to continue to be a responsible producer and supplier of carbon black.
We would also like to assure you that this decision was not made lightly and that Sid Richardson values all its partnerships. We appreciate the opportunity to be your supplier.
If you should have any questions, please feel free to contact your Sid Richardson representative.
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