Orion S.A. to Increase Prices for Certain Specialty Carbon Black Grades
05 November 2024 - 8:15AM
Business Wire
Orion S.A. (NYSE: OEC), a global specialty chemicals company,
today announced it is raising prices for all Specialty carbon black
grades produced in Europe as well as for NEROX® made in South
Korea. The increase will be communicated individually to customers
and will vary depending on the product, manufacturing process and
location.
“The price adjustments will ensure that Orion continues to
supply the differentiated, high quality Specialty products that
customers want during this period of rising feedstock and
operations costs,” Orion CEO Corning Painter said. “Additionally,
it will enable the development of new products and solutions to
support our global customers.”
The new pricing will be effective for all shipments beginning
Jan. 1, 2025, or as contracts allow.
About Orion S.A.
Orion S.A. (NYSE: OEC) is a leading global supplier of carbon
black, a solid form of carbon produced as powder or pellets. The
material is made to customers’ exacting specifications for tires,
coatings, ink, batteries, plastics and numerous other specialty,
high-performance applications. Carbon black is used to tint,
colorize, provide reinforcement, conduct electricity, increase
durability, and add UV protection. Orion has four innovation
centers and produces carbon black in 15 plants worldwide, offering
the most diverse variety of production processes in the industry.
The company’s corporate lineage goes back more than 160 years to
Germany, where it operates the world’s longest-running carbon black
plant. Orion is a leading innovator, applying a deep understanding
of customers’ needs to deliver sustainable solutions. For more
information, please visit orioncarbons.com.
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the meaning of the U.S. Private Securities Litigation Reform Act of
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and involve known and unknown risks and uncertainties that could
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William Foreman Director of Corporate Communications and
Government Affairs Orion S.A. Direct: +1 832-445-3305 Mobile: +1
281-889-7833 william.foreman@orioncarbons.com
Chris Kapsch Vice President, Investor Relations Orion S.A.
Mobile +1 201-572-1018 christopher.kapsch@orioncarbons.com
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