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) has declared an interim dividend of
Orion Engineered Carbons (NYSE: OEC) announced its first Investor Day on June 8, from 1:00 pm to 4:00 pm EDT at the New York Stock Exchange. This hybrid event offers limited in-person attendance and a virtual option for participants. Investors can register online for the event, which aims to provide insights into Orion's operations and strategic direction. Orion is a global leader in carbon black production, serving various industries with innovative solutions tailored to customer specifications. For more details, visit orioncarbons.com.
Orion Engineered Carbons (NYSE: OEC) announced the nomination of Tony Davis to its board, to be voted on at the Annual General Meeting of Shareholders on June 30, 2022. Davis is the CEO of Inherent Group, an investment management firm focused on ESG factors, and has extensive experience in investment management. His appointment is expected to provide valuable insights into investor perspectives and ESG data integration. If elected, the board will comprise 10 members, enhancing its expertise and strategic direction.
Orion Engineered Carbons (NYSE: OEC) will report its Q1 2022 earnings on May 5, 2022, after market close, followed by a conference call at 8:30 a.m. EDT on May 6, 2022. The company specializes in high-performance carbon black, essential for numerous applications including tires and plastics. Orion's operational excellence is backed by over 160 years of corporate lineage and innovation centers across three continents, underscoring its commitment to meeting customer specifications effectively. Access details for the conference call and replay are provided in the announcement.
Orion Engineered Carbons (NYSE: OEC) announced changes to its pricing structure for rubber carbon black products, effective April 1, 2022. The company is implementing an increase in the carbon black oil surcharge and introducing a natural gas charge for products manufactured in Europe. These adjustments are driven by fluctuations in feedstock availability, quality, and logistics, along with volatile natural gas costs, ensuring Orion maintains its status as a reliable global supplier of high-quality goods.
Orion Engineered Carbons (NYSE:OEC) has launched the first new reactor for carbon black production in over 40 years in the European Union, located at its Ravenna plant in Italy. This state-of-the-art 25-kiloton line primarily serves the specialty and technical rubber carbon black markets in Europe. Additionally, Orion is investing in a co-generation facility to convert waste heat into electricity, producing up to 120 MWh of green electricity annually, benefiting the national grid and 30,000 households.
Orion Engineered Carbons (NYSE:OEC) announced a price increase for all specialty carbon black products, effective April 1, 2022. This decision is in response to rising raw material, operational, and supply chain costs. CEO Corning Painter emphasized that the adjustment is essential for maintaining sustainable solutions for customers. The specifics of the increase will be communicated individually, varying by product, manufacturing process, and location. Orion aims to continue its commitment to quality while adapting to challenging market conditions.
Orion Engineered Carbons (NYSE:OEC) will hold its 2022 annual general meeting of shareholders on June 30, 2022, at 2:00 PM CET at its Luxembourg office. The record date for shareholders is set for April 28, 2022. Shareholders can attend virtually and exercise rights in advance through remote communication. Orion, a leading supplier of carbon black, offers a diverse range of products for various industries including tires and coatings, supported by innovation centers and 14 production plants worldwide.
Orion Engineered Carbons (NYSE:OEC) announced an interim dividend of $0.0207 per common share, totaling approximately $1.25 million. This dividend will be paid on April 6, 2022, to shareholders on record as of March 29, 2022. A 15% withholding tax will apply, subject to certain exemptions. Orion is a leading supplier of specialty carbon black, with a history spanning over 160 years and innovation centers across three continents.
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