HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, announced today that effective for all shipments made on or after April 1, 2022, or as permitted by customer contracts, the company is changing its carbon black oil surcharge and introducing a natural gas charge on all rubber carbon black products manufactured in Europe.
Due to changes in feedstock availability, quality and logistics, the company considers it necessary to adjust its carbon black oil surcharge to reflect actual cost developments. In addition, given the volatile cost situation in the natural gas supply, Orion is introducing a natural gas charge for all rubber carbon black produced in Orion’s European plants.
These actions are required to continue to remain a reliable, long-term global supplier of high-quality goods and services to our customers as we safely and sustainably manufacture our rubber carbon black products.
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.
Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.
Contacts
Wendy Wilson
Orion Engineered Carbons
Head of Investor Relations
[email protected]
+1 281-974-0155
William Foreman
Orion Engineered Carbons
Director of Corporate Communications and Government Affairs
[email protected]
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
