Orion Engineered Carbons to Add Specialty Carbon Black Production Line in Italy
March 20 2018 - 4:51PM
Business Wire
Orion Engineered Carbons S.A. (NYSE: OEC), a leading worldwide
supplier of specialty and high-performance Carbon Black, today
announced that it will expand production capacity at its facility
in Ravenna, Italy, with the construction of a new specialty Carbon
Black line. The line will provide additional Specialty Carbon
Blacks to supply the growing coatings, polymers, printing and
specialty applications markets.
“After extensive review and analysis of opportunities, in
addition to the ongoing conversion of existing rubber capacity to
specialty, we are adding a new line to take advantage of the strong
demand for Specialty Carbon Blacks and extend our successful
penetration of the specialty segment,” said Jack Clem, Orion’s
Chief Executive Officer. “This investment continues Orion’s rapid
realignment of our portfolio toward higher value added
products.”
The new line is expected to begin production in the fourth
quarter 2019.
For product related information, contact Tilo Lindner, Head of
Global Marketing, Business Line Specialty Carbon Black, at
tilo.lindner@orioncarbons.com.
About Orion Engineered Carbons S.A. (NYSE: OEC)
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 1,441 employees worldwide. For
more information please visit our
website www.orioncarbons.com.
Forward Looking Statements
This document contains certain forward-looking statements with
respect to our financial condition, results of operations and
business. These statements constitute 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. Forward-looking statements include, among others,
statements concerning the potential exposure to market risks,
statements expressing management’s expectations, beliefs,
estimates, forecasts, projections and assumptions and statements
that are not limited to statements of historical or present facts
or conditions. Some of these statements can be identified by terms
and phrases such as “anticipate,” “believe,” “intend,” “estimate,”
“expect,” “continue,” “could,” “should,” “may,” “plan,” “project,”
“predict” and similar expressions. 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, 2017 and in Note 9 to our audited consolidated
financial statements regarding contingent liabilities, including
litigation. You should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the
date of the particular statement. New risk factors and
uncertainties emerge from time to time and it is not possible for
our management to predict all risk factors and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180320006532/en/
Orion Engineered Carbons S.A.Investor RelationsDiana Downey, +1
832-589-2285Investor-Relations@orioncarbons.com
Orion (NYSE:OEC)
Historical Stock Chart
From Apr 2024 to May 2024
Orion (NYSE:OEC)
Historical Stock Chart
From May 2023 to May 2024