Orion Engineered Carbons to Increase Acetylene Black Pricing
February 05 2021 - 4:30PM
Business Wire
Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier
of specialty and high-performance carbon black, today announced
that it will increase pricing for acetylene black.
Following the acquisition of its acetylene black plant in
France, the company adjusted the facility’s strategic focus,
requiring new investments to better serve the growing market demand
for acetylene black used in lithium-ion battery production. In
addition to these strategic investments, the company has also been
confronted with rising costs for packaging, transportation and
environmental obligations.
Against this backdrop Orion will raise its acetylene black
prices by 20 percent globally on March 1st, 2021, or as contracts
allow.
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, acetylene 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. We operate 14 global production sites and have approximately
1,425 employees worldwide. For more information, please visit our
website www.orioncarbons.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210205005495/en/
Orion Engineered Carbons S.A. Investor Relations Wendy Wilson,
+1 281-974-0155 Investor-Relations@orioncarbons.com
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