Cabot will increase the prices for SpectrAl fumed alumina products globally. The increased price is unrevealed.
Cabot states the reason for the price increase is due to the rising cost of raw material, logistics, and operating costs.
Cabot Announcement of Price Increase
Effective April 1, 2021, or as contracts permit, Cabot Corporation will increase prices globally for SpectrAl® fumed alumina products.
The price increase is necessary due to the rising raw material, logistics and operating costs. It will also enable Cabot to remain a reliable supplier of high-quality fumed alumina products to meet growing demand globally. Furthermore, the price increase will enable Cabot to support additional investments to continue to provide innovative products to its customers.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.