Fort Worth, Texas – Tokai Carbon CB Ltd. will increase prices for its carbon black products by $0.06/pound in North America.
The change will take effect 1 Aug or as contracts allow, according to an 11 July Tokai news release.
The EPA consent decree surcharge also will increase from $0.03/pound cents to $0.04/pound.
Tokai also is changing standard packaging and premium charges at the start of 2020.
New agreements concluded in 2019 will use the updated pricing structure as well as Tokai's actual corporate monthly average laid-in CBO cost as the feedstock reference price, the firm said.
The price increases will provide needed capital to reinvest in operations and complete environmental compliance requirements.
Tokai said the North American carbon black market is modifying and the changes are needed to allow Tokai to best serve its customers.
Tokai is a member of the Tokai Carbon Group, a producer of carbon blacks in the US with production facilities in Borger and Big Spring, Texas; and Addis, Louisiana.
It serves markets in industries including tires, manufactured rubber goods, plastics, coatings, inks and toners.