HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, today announced it will raise prices for all specialty carbon black grades produced in Europe. The increase will be communicated individually to customers and will vary depending on the product, manufacturing process and location.
“These price adjustments will ensure that Orion continues to supply the differentiated, high quality specialty products customers want during this period of rising natural gas and oil prices, as well as political instability in Europe. Additionally, it will enable further investment in new product and solution development to support global market needs,” said Corning Painter, Orion’s chief executive officer.
The new pricing will be effective for all shipments beginning Oct. 1, 2022, or as contracts allow.
About Orion Engineered Carbons
Orion Engineered Carbons (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 innovation centers on three continents and 14 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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