Welcome to our dedicated page for Orion S.A. news (Ticker: OEC), a resource for investors and traders seeking the latest updates and insights on Orion S.A. stock.
Orion S.A. (symbol: OEC) is a leading global supplier of carbon black products, leveraging over 100 years of industry experience. The company specializes in producing high-quality carbon blacks that enhance the performance of a wide range of materials such as plastics, paints, coatings, inks, toners, adhesives, sealants, tires, and automotive rubber goods.
With a robust presence worldwide, Orion operates 14 production sites and four applied technology centers. These facilities enable the company to maintain a high standard of quality and foster collaborative partnerships with customers. The company is divided into two primary segments: Specialty Carbon Black and Rubber Carbon Black.
The Specialty Carbon Black segment focuses on producing carbon blacks used as pigments and performance additives in coatings, polymers, printing, and special applications. These products are essential for tinting, colorizing, and enhancing the electrical and optical properties of various materials.
On the other hand, the Rubber Carbon Black segment generates the majority of the company’s revenue. This segment produces carbon blacks used to reinforce rubber in tires and mechanical rubber goods, such as automotive belts and hoses. This segment is crucial for the automotive and manufacturing industries, providing essential materials for durable and high-performance rubber products.
Orion S.A. employs approximately 1,460 people worldwide, with Germany being a significant market from which the company derives a majority of its revenue. The company's shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol 'OEC' on July 24, 2014.
Recently, the company has been focusing on expanding its product portfolio and improving its production technologies to meet the evolving demands of its customers. Orion continues to invest in research and development, aiming to provide innovative solutions and maintain its competitive edge in the market.
For the latest news and updates on Orion S.A., please visit our news section below:
- Orion Engineered Carbons S.A. announces Q3 2023 financial results.
- New partnership with leading automotive manufacturer.
- Expansion of production facility in Germany to increase capacity.
- Introduction of new eco-friendly carbon black product line.
- Orion S.A. receives industry award for innovation in carbon black technology.
Orion Engineered Carbons (NYSE: OEC) announced a carbon dioxide (CO2) surcharge on all carbon blacks produced in Europe, effective January 1, 2022. This decision aligns with the EU Emission Trading System, which aims for a 55% reduction in greenhouse gas emissions by 2030. The surcharge will enable Orion to maintain its reliability and sustainability in product manufacturing while addressing the additional costs imposed by the emissions trading system.
Orion Engineered Carbons (NYSE: OEC) announced participation in the Credit Suisse 34th Annual Virtual Basic Materials Conference on September 13, 2021. CEO Corning Painter and CFO Lorin Crenshaw will engage in one-on-one meetings, with Painter also hosting a fireside chat at 9:30 a.m. EDT. Interested parties can access the live webcast and replay through the company’s investor relations website.
Orion specializes in high-performance carbon black products, providing innovative solutions for various applications globally.
Orion Engineered Carbons (NYSE: OEC) has commenced construction on its second carbon black manufacturing facility in China, aimed to meet rising demand in the Asia-Pacific region. Set to be operational by late 2023, the plant in Huaibei, Anhui will produce 65-70 kilotons of specialty carbon black annually. This expansion complements Orion's existing facility in Qingdao and enhances its competitive position in the global market. Additionally, the plant will utilize waste heat for steam generation, demonstrating the company's commitment to sustainability.
Orion Engineered Carbons (NYSE: OEC) announced participation in one-on-one meetings at the UBS Chemicals Virtual Conference on September 8, 2021. CEO Corning Painter and CFO Lorin Crenshaw will represent the company. Orion specializes in high-performance carbon black products used in various industries, including automotive, industrial, and consumer goods.
With over 125 years of history, Orion operates 14 global production sites and emphasizes responsible business practices focused on innovation and sustainability. More information can be found at orioncarbons.com.
Orion Engineered Carbons (NYSE: OEC) announced a price increase of 8 cents per pound for all carbon black products produced in North America, effective September 15, 2021. This decision is attributed to rising operating costs due to recently installed emissions control systems and the need for capital investments. Adjustments will also affect service charges and payment terms to reflect increased logistics costs. Orion aims to enhance safety and sustainability in its production processes while maintaining its commitment as a reliable supplier of high-quality carbon black products.
Orion Engineered Carbons (NYSE: OEC) reported strong financial results for Q2 2021, achieving net sales of $401.0 million, up $198.4 million year over year. Net income soared to $89.1 million, a remarkable turnaround from a loss of $17.8 million in Q2 2020. Adjusted EBITDA reached $78.8 million, marking a fourfold increase compared to the previous year. The company also settled a long-standing dispute with Evonik, receiving $79.5 million. With an optimistic outlook, adjusted EBITDA guidance has been raised to $265 million to $285 million for the year, despite expected seasonal impacts.
Orion Engineered Carbons S.A. (NYSE: OEC) has entered a partnership with RISE Research Institutes of Sweden to develop renewable carbon black, aiming for climate-neutral production. This initiative will replace traditional carbon black feedstock with pyrolysis oil derived from biomass. Orion will utilize its furnace reactor in Germany to convert biomass oil, while RISE will test sustainable heat sources like electrofuels in Sweden. This project aligns with the tire industry's goal to reduce fossil feedstocks, enhancing sustainability in production.
Orion Engineered Carbons (NYSE: OEC) has joined the HiQ-CARB consortium to develop sustainable carbon additives for the lithium-ion battery industry. This collaboration includes seven prominent European companies and research institutions, aiming to create innovative battery materials with minimal carbon footprints. Orion's acetylene black is highlighted for its superior conductivity and low carbon impact, crucial for enhancing battery performance across various applications. This effort aligns with the European Commission's goal of achieving carbon neutrality by 2050.
FAQ
What is the current stock price of Orion S.A. (OEC)?
What is the market cap of Orion S.A. (OEC)?
What does Orion S.A. do?
What are the main segments of Orion S.A.?
What is the Specialty Carbon Black segment?
What is the Rubber Carbon Black segment?
Where does Orion S.A. derive most of its revenue?
When did Orion S.A. begin trading on the NYSE?
How many employees does Orion S.A. have?
What are some recent achievements of Orion S.A.?
What does Orion S.A. focus on in its R&D efforts?
Where can I find the latest news about Orion S.A.?
