LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of
specialty and high-performance Carbon Black, today announced that
effective September 1, 2017 or as contracts allow, Orion is increasing
prices by five cents (5¢) per pound on all Rubber Carbon Blacks sold in
the U.S.
“We are increasing prices in order to continue the substantial
investments in our North American rubber black production network
essential to sustain safety of supply,” said Chris Erickson, Orion’s
Vice President, Rubber Carbon Black Business Line, Americas. “This
increase in pricing and the investments in production are necessary to
ensure our long term supply capability.”
In addition, Orion announced the idling of one Rubber Carbon Black
production line at its Orange, Texas facility, effective at year end
2017. Orion is taking this action because current price levels of Rubber
Carbon Blacks in North America do not adequately address the costs of
maintaining this production capacity. The company is assisting affected
customers through the appropriate transition plans.
About Orion Engineered Carbons
Orion is a worldwide supplier of Carbon Black. We produce a broad range
of Carbon Blacks that include high-performance Specialty Gas Blacks,
Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that
tint, colorize and enhance the performance of polymers, plastics, paints
and coatings, inks and toners, textile fibers, adhesives and sealants,
tires, and mechanical rubber goods such as automotive belts and hoses.
Orion runs 14 global production sites and four Applied Technology
Centers. The group has approximately 1,440 employees worldwide. For more
information please visit our website www.orioncarbons.com.
