LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC) - since its formation - has been committed to being a stable and reliable partner to our customers in providing the highest quality Carbon Blacks at competitive prices. In order to continue this commitment when facing ever changing developments, Orion has introduced an Environmental Compliance Surcharge or “EPA surcharge” to our price agreements for all customers of products produced in North America for 2019.
This Surcharge is intended to offset the incremental variable costs associated with Orion’s compliance with its 2017 consent decree with the US Environmental Protection Agency and the US Department of Justice. In our price quotations and contracts we have stated the need for an EPA Surcharge, which will be reviewed on a quarterly basis for adjustment as costs become known.
Orion Engineered Carbons will implement a 1.5 cent ($0.015) per pound EPA Surcharge, or price adjustment, as of April 1st, 2019. The Surcharge will be added to all invoices for customers purchasing products produced by one of Orion’s plants in North America and sold by our Rubber and Specialty Carbon Black business units.
Orion looks forward to continuing mutually beneficial relationships with our valued customers.
About Orion Engineered Carbons S.A.
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. Orion runs 14 global production sites and four Applied Technology Centers. The group has approximately 1,445 employees worldwide. For more information please visit our website www.orioncarbons.com.