LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of
specialty and high-performance Carbon Black, today announced that its
French subsidiary, Orion Engineered Carbons SAS, has reached an
agreement with the Works Council and labor union at its Ambѐs, France
facility on a comprehensive social plan, which has been approved by the
regional labor authority. The French subsidiary will proceed to
implement the restructuring and down staffing of that facility with
cessation of production at the site expected by the end of 2016.
The Orion plant in France employs approximately 40 people and has a
carbon black production capacity of up to 45kt per year, predominately
used in the production of tires and other rubber goods.
The plant will be deactivated following the depletion of the existing
stocks, fulfilling ongoing existing customer commitments until depletion.
About Orion Engineered Carbons S.A.
Orion Engineered Carbons is a worldwide supplier of Carbon Black. The
company offers standard and high-performance products for Coatings,
Printing Inks, Polymers, Rubber and other applications. Our high-quality
Gas Blacks, Furnace Blacks and Specialty Carbon Blacks tint, colorize
and enhance the performance of plastics, paints and coatings, inks and
toners, adhesives and sealants, tires, and manufactured rubber goods
such as automotive belts and hoses. With currently 1,530 employees
worldwide, Orion Engineered Carbons currently runs 15 global production
sites and four Applied Technology Centers. For more information visit
our website
www.orioncarbons.com
.
Forward Looking Statements
This release contains certain forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are statements of future
expectations that are based on management’s current expectations and
assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially
from those expressed or implied in these statements. Factors that could
cause our actual results to differ materially from those expressed or
implied in such forward-looking statements include those factors
detailed under the captions “Note Regarding Forward-Looking Statements”
and “Risk Factors” in our Annual Report on Form 20-F for the year ended
December 31, 2015 and in Note 9 to our unaudited interim condensed
consolidated financial statements as at June 30, 2016 regarding
contingent liabilities, including litigation. We undertake no obligation
to publicly update or revise any forward-looking statement as a result
of new information, future events or other information, other than as
required by applicable law.
