Orion Engineered Carbons to Increase Prices for Carbon Black in North America

HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, announced today that effective September 15, 2021, or as permitted by customer contracts, the company is increasing prices on all carbon black products produced in North America.

Due to higher operating costs related to recently installed emissions control systems and associated capital investments required to maintain service levels, it is necessary to adjust base prices and environmental surcharges for carbon black by a total of 8 cents per pound. In addition, service charges, payment terms and volume rebates will be adjusted to reflect higher logistics costs, capital commitments and reliability expectations.

This action will enable Orion to further improve safety and sustainability in its carbon black production processes in line with customers’ and stakeholders’ expectations. We affirm our commitment to be a reliable, long-term global supplier of high-quality carbon black products and services to our customers.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including 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, batteries, tires, and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. For more information, please visit orioncarbons.com.

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