Orion Engineered Carbons to Increase Gas Black Capacity

Rhea-AI Summary

Orion Engineered Carbons (NYSE: OEC) has announced the completion of its gas black expansion in Germany, specifically at its Dortmund and Cologne plants, expected by early 2023. As the only carbon black producer with gas black capabilities, Orion aims to strengthen its premium specialty market leadership amidst continuous high demand for gas blacks, utilized in coatings and printing inks. This expansion aligns with the company's commitment to innovation and meeting customer needs in high-performance applications.

Positive

• Completion of gas black expansion in Germany by early 2023.
• Orion leads the carbon black industry with unique gas black capabilities.
• Expansion aligns with increasing customer demand for high-performance gas blacks.

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• None.

HOUSTON--(BUSINESS WIRE)-- Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, announced today that it will complete its gas black expansion in Germany at plants in Dortmund and Cologne by early 2023.

Orion is the only carbon black producer in the industry with gas black capabilities. Gas blacks, known for excellent dispersion and coloristics, are used in coatings, printing ink and other applications.

“The expansion in Germany is core to our strategy to further strengthen our leadership in the premium specialty market,” said Sandra Niewiem, senior vice president of global specialty carbon black and the EMEA region. “As we experience continuous high demand for gas blacks, we are confident that the extra capacity will be welcomed by our customers.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220525005690/en/

Wendy Wilson

Head of Investor Relations

Orion Engineered Carbons

Direct: +1 281-974-0155

wendy.wilson@orioncarbons.com

William Foreman

Director of Corporate Communications and

Government Affairs

Orion Engineered Carbons

Direct: +1 832-445-3305

Mobile: +1 281-889-7833

william.foreman@orioncarbons.com

Source: Orion Engineered Carbons S.A.

FAQ

What is the significance of Orion Engineered Carbons' gas black expansion in Germany?

The expansion enhances Orion's leadership in the premium specialty market and addresses increasing customer demand for gas blacks.

When will Orion Engineered Carbons complete its expansion in Germany?

Orion's gas black expansion in Germany is expected to be completed by early 2023.

What are gas blacks used for in the industry?

Gas blacks are primarily used in coatings, printing inks, and other specialty applications due to their excellent dispersion and coloristics.

How does Orion Engineered Carbons differentiate itself in the carbon black industry?

Orion is unique as the only carbon black producer with gas black capabilities, allowing it to meet specific customer needs in premium segments.