BOSTON--Effective April 12, 2017, or as contracts allow, Cabot Corporation will increase prices by up to 18 percent for its fine cesium chemicals product portfolio. Demand for Cabot’s fine cesium chemicals products increased in late 2016 and has continued into 2017. This price adjustment is required to support ongoing investments in Cabot’s fine cesium chemicals manufacturing facility co-located with its mining operations in Lac du Bonnet, Manitoba, Canada. The increase will also help to ensure Cabot remains a reliable, long-term supplier of high quality cesium products, and continues to deliver exceptional support 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 rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.