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April (2024)
Orion Engineered Carbons: Breaks Ground on Battery Materials Plant in Texas Link...
Orion has broken ground on a plant in Texas that will be the only facility in the U.S. producing acetylene-based conductive additives for lithium-ion batteries and other applications vital for the global shift to electrification. The site is based in the city of La Porte, southeast of Houston. The battery additives produced by Orion’s plant will be super clean, with only one-tenth of the carbon footprint of other commonly used materials. The additives produced at the La Porte plant will be made from acetylene, a colorless gas that Orion’s production process turns into powder with exceptional purity demanded by leading battery manufacturers. The acetylene will be supplied by a neighboring site owned by Equistar Chemicals LP, a subsidiary of LyondellBasell. Key equipment procurement and off-site fabrication are already at an advanced stage. Field construction activities are ramping up, with the facility start-up expected in the second quarter of 2025.
February (2024)
Orion Engineered Carbons USD: 2023 Q4 & FY Results Link...
Orion Engineered Carbons: Q4: Increased demand YoY in speciality and rubber (China). Revenue was flat due to lower pass through of oil prices, partially offset by improved pricing. Gross profit per MT down due to lower cogen pricing (European electricty pricing) and unfavourable product and geographic mix. FY: subdued demand in most markets excepting China. Lower revenue due to oil price pass through and volume, offset my contractual price increases. Gross profit increased due to negotiated contract pricing, offset by lower volumes and cogen revenue. Rubber Segment gross profit per MT increased due to contractual pricing. Speciality Segment gross profit per MT down due to geographic, product mix and cogen. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | Q4 | 468.2 | 462.1 | 1.3 | | | Carbon Black | adjEBITDA | Q4 | 66.6 | 65.2 | 2.1 | | | Carbon Black | EBITDA | Q4 | 59.4 | 61.8 | -3.9 | | | Carbon Black | EBIT | Q4 | 27.2 | 36.0 | -24.4 | | | Rubber Black | Sales Revenue | Q4 | 319.5 | 315.8 | 1.2 | | | Rubber Black | adjEBITDA | Q4 | 49.2 | 40.3 | 22.1 | | | Rubber Black | Sales Vol MT | Q4 | 171300.0 | 168400.0 | 1.7 | | | Specialist Black | Sales Revenue | Q4 | 148.7 | 146.3 | 1.6 | | | Specialist Black | adjEBITDA | Q4 | 17.4 | 24.9 | -30.1 | | | Specialist Black | Sales Vol MT | Q4 | 54900.0 | 46700.0 | 17.6 | |
January (2024)
Orion Engineered Carbons: Completes EPA-Mandated Air Emissions Control Upgrades Link...
Orion has completed upgrading its air emissions control technology at all four of its U.S. carbon black plants – the biggest sustainability-related initiative in the company’s history. The company recently finished its final air emissions project at its plant in Belpre, Ohio. Previously, the company upgraded its Borger, Texas; Ivanhoe, Louisiana; and Orange, Texas, facilities.
November (2023)
Orion Engineered Carbons: Celebrates Opening of 2nd Plant in China Link...
Orion has celebrated the opening of its new plant located in the city of Huaibei, Anhui province, China. The plant has 2 production lines with a total capacity of 70 kMTpa with production targetted at various segments including rubber, coatings, inks and plastics.
Orion Engineered Carbons: 2023 Q3 Results Link...
Orion Engineered Carbons: Volumes flat with increases in China offset by lower volumes in EMEA and Americas. Gross profit down due to lower cogeneration and start-up of new facility in China. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | Q3 | 466.2 | 543.1 | -14.2 | | | Carbon Black | Gross Margin | Q3 | 110.2 | 114.4 | -3.7 | | | Carbon Black | adjEBITDA | Q3 | 77.3 | 80.5 | -4.0 | | | Carbon Black | EBITDA | Q3 | 73.6 | 78.8 | -6.6 | | | Carbon Black | EBIT | Q3 | 45.7 | 43.4 | 5.3 | | | Carbon Black | Sales Vol MT | Q3 | 245200.0 | 243300.0 | .8 | | | Rubber Black | Sales Revenue | Q3 | 315.8 | 373.5 | -15.4 | | | Rubber Black | Gross Margin | Q3 | 71.6 | 69.6 | 2.9 | 1 | | Rubber Black | adjEBITDA | Q3 | 51.2 | 49.4 | 3.6 | 2 | | Rubber Black | Sales Vol MT | Q3 | 185300.0 | 191000.0 | -3.0 | 3 | | Specialist Black | Sales Revenue | Q3 | 150.4 | 169.6 | -11.3 | | | Specialist Black | Gross Margin | Q3 | 38.6 | 44.8 | -13.8 | | | Specialist Black | adjEBITDA | Q3 | 26.1 | 31.1 | -16.1 | 4 | | Specialist Black | Sales Vol MT | Q3 | 59900.0 | 52300.0 | 14.5 | 5 |
September (2023)
Orion Engineered Carbons: Investing In Project for Circular Carbon Black Link...
Orion is investing 12.8 million Euro (including 6.4 million Euro funding from the German government and European Union) to further develop and demonstrate a climate-neutral process for producing carbon black from alternative sources. The technology is designed to improve Orion’s yield and throughput in the production of carbon black using circular feedstocks and thus potentially reduce the carbon footprint of the process by a significant amount. This could accelerate the shift to a circular economy and feed the growing demand for sustainable materials in the tire industry. A research facility is being built for the project at Orion’s main innovation center at its plant in Cologne.
August (2023)
Orion Engineered Carbons USD: 2023 Q2 Results Link...
Orion Engineered Carbons: Speciality carbon black had reduced volumes (>10% reduction for quarter and half year) due to weakness in most end-markets leading to reduction in adjEBITDA. Pricing remained stable. Volumes in rubber carbon black were down 9.4% in the quarter and down 6.6% for the first half of 2023 due to the global economic slowdown. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2023/2 | 458.8 | 541.2 | -15.2 | | | Carbon Black | adjEBITDA | 2023/2 | 87.3 | 83.4 | 4.7 | | | Carbon Black | EBITDA | 2023/2 | 86.1 | 80.3 | 7.2 | | | Carbon Black | EBIT | 2023/2 | 58.9 | 52.9 | 11.3 | | | Carbon Black | Sales Vol MT | 2023/2 | 227300.0 | 251400.0 | -9.6 | | | Rubber Black | Sales Revenue | 2023/2 | 309.3 | 359.3 | -13.9 | 1 | | Rubber Black | adjEBITDA | 2023/2 | 57.4 | 38.0 | 51.1 | 2 | | Rubber Black | Sales Vol MT | 2023/2 | 173700.0 | 191700.0 | -9.4 | | | Specialist Black | Sales Revenue | 2023/2 | 149.5 | 181.9 | -17.8 | 3 | | Specialist Black | adjEBITDA | 2023/2 | 29.9 | 45.4 | -34.1 | 4 | | Specialist Black | Sales Vol MT | 2023/2 | 53600.0 | 59700.0 | -10.2 | |
May (2023)
Orion Engineered Carbons USD: 2023 Q1 Results Link...
Orion Engineered Carbons: Record 2023 Q1 adjEBITDA. Borger, Texas emissions project completed, final emissions project on track for 2H 2023. Huabei, China plant commissioned and producing qualificationi samples, full ramp up in 2024. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2023/1 | 500.7 | 484.5 | 3.3 | | | Carbon Black | EBIT | 2023/1 | 73.5 | 54.6 | 34.6 | | | Carbon Black | Sales Vol MT | 2023/1 | 233500.0 | 253200.0 | -7.8 | | | Rubber Black | Sales Revenue | 2023/1 | 338.7 | 306.9 | 10.4 | | | Rubber Black | adjEBITDA | 2023/1 | 63.8 | 40.7 | 56.8 | | | Rubber Black | Sales Vol MT | 2023/1 | 180500.0 | 187600.0 | -3.8 | | | Specialist Black | Sales Revenue | 2023/1 | 162.0 | 177.6 | -8.8 | | | Specialist Black | adjEBITDA | 2023/1 | 37.3 | 42.5 | -12.2 | | | Specialist Black | Sales Vol MT | 2023/1 | 53000.0 | 65600.0 | -19.2 | |
March (2023)
Orion Engineered Carbons: Increases Capacity for High-Jetness Carbon Blacks at Cologne Plant Link...
Orion Engineered Carbons has debottlenecked a post-treatment unit at its Cologne, Germany, plant that produces high-jetness specialty carbon blacks. This enables Orion to increase production capacity and also produce pelleted product in addition to powder. High-jetness carbon blacks deliver a deep black masstone with a bluish undertone and are popular in automotive coatings. Orion has plans to install a second post-treatment unit at its Cologne facility due to the rapidly growing demand for the company’s premium grades.
February (2023)
Orion Engineered Carbons USD: 2022 Q4 Results Link...
Orion Engineered Carbons: Reduction in speciality volumes offset partially by growth in rubber volumes (Americas and APAC). Improved contribution by cogeneration. Huaibei plant currently being commissioned with full ramp-up by 2025. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/4 | 462.1 | 392.7 | 17.7 | | | Carbon Black | adjEBITDA | 2022/4 | 65.2 | 52.3 | 24.7 | | | Carbon Black | EBIT | 2022/4 | 36.0 | 12.9 | 179.1 | | | Carbon Black | Sales Vol MT | 2022/4 | 215100.0 | 223100.0 | -3.6 | | | Rubber Black | Sales Revenue | 2022/4 | 315.8 | 245.1 | 28.8 | | | Rubber Black | adjEBITDA | 2022/4 | 40.3 | 22.0 | 83.2 | | | Rubber Black | Sales Vol MT | 2022/4 | 168400.0 | 163300.0 | 3.1 | | | Specialist Black | Sales Revenue | 2022/4 | 146.3 | 147.6 | -.9 | | | Specialist Black | adjEBITDA | 2022/4 | 24.9 | 30.3 | -17.8 | | | Specialist Black | Sales Vol MT | 2022/4 | 46700.0 | 59800.0 | -21.9 | |
January (2023)
Orion Engineered Carbons: Reduces Air Emissions at Borger, Texas Plant Link...
Orion Engineered Carbons (OEC) has reduced air emissions at its Borger, Texas plant with new control technology. The emissions technology provides a major improvment in air quality by eliminating 23 tons/day of nitrogen oxide and sulphur dioxide emissions, which is a 90% reduction.The $60 million project also upgraded the site's cogeneration system. OEC also recently upgraded emissions control technology at is plants in Ivanhoe, La and Orange, Texas and plans finish its final U.S. emissions project at its Belpre, Ohio plant later this year.
November (2022)
Orion Engineered Carbons USD: 2022 Q3 Results Link...
Orion Engineered Carbons: Ahead of plan on natural gas reduction in Europe. Successful 2023/4 contract negotiations. New plant in Huaibei, China on track for early 2023 startup. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/3 | 543.1 | 393.1 | 38.2 | 1 | | Carbon Black | Gross Margin | 2022/3 | 114.4 | 98.7 | 15.9 | 2 | | Carbon Black | adjEBITDA | 2022/3 | 80.5 | 66.4 | 21.2 | 3 | | Carbon Black | EBITDA | 2022/3 | 78.8 | 64.1 | 22.9 | | | Carbon Black | EBIT | 2022/3 | 43.4 | 40.3 | 7.7 | | | Rubber Black | Sales Revenue | 2022/3 | 373.5 | 242.8 | 53.8 | 4 | | Rubber Black | Gross Margin | 2022/3 | 69.6 | 47.1 | 47.8 | 5 | | Rubber Black | adjEBITDA | 2022/3 | 49.4 | 27.4 | 80.4 | | | Rubber Black | Sales Vol MT | 2022/3 | 191000.0 | 173000.0 | 10.4 | | | Specialist Black | Sales Revenue | 2022/3 | 169.6 | 150.2 | 12.9 | 6 | | Specialist Black | Gross Margin | 2022/3 | 44.8 | 51.6 | -13.2 | | | Specialist Black | adjEBITDA | 2022/3 | 31.1 | 39.0 | -20.3 | | | Specialist Black | Sales Vol MT | 2022/3 | 52300.0 | 63900.0 | -18.2 | |
Orion Engineered Carbons: Earns ISCC Plus Certification for Multiple Grades and Plants Link...
Orion Engineered Carbons has become the first major carbon black producter to achieve International Sustainability and Carbon Certifications (ISCC Plus) for multiple carbon black grades made from different feedstocks at plants in two regions of the world. The ISCC PLUS certification involved rigorous audits of Orion’s plants and processes that confirmed the company’s compliance with high sustainability requirements. It also verified the transparency and traceability of sustainable raw materials in the company’s value chain at three plants producing the concerned grades of carbon black. The ISCC PLUS certified products include the ECORAX® Circular grades produced in Borger, Texas, and Belpre, Ohio, using pyrolysis oils from end-of-life tires. Also covered is ECORAX® Nature 200, produced in Jaslo, Poland, and based on bio-circular feedstocks. Significantly, the certified products are similar to conventional grades and are “drop-ins” that require minimal reformulation in the complex rubber compounds used by our major tire manufacturing customers.
August (2022)
Orion Engineered Carbons USD: 2022 Q2 Results Link...
Orion Engineered Carbons: Achieved record adjusted EBITDA and gross profit per ton. Gains via pass through of higher feedstock costs combined with price realisation and improved product mix (especially in the speciality segment). Favourable growth and market outlook in North America and Europe. Completion of the gas black capacity expansion is expected early 2023. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/2 | 541.2 | 401.0 | 35.0 | | | Carbon Black | adjEBITDA | 2022/2 | 83.4 | 78.8 | 5.8 | | | Carbon Black | EBITDA | 2022/2 | 80.3 | 158.0 | -49.2 | | | Carbon Black | EBIT | 2022/2 | 52.9 | 132.0 | -59.9 | | | Carbon Black | Sales Vol MT | 2022/2 | 251400.0 | 250300.0 | .4 | | | Rubber Black | Sales Revenue | 2022/2 | 359.3 | 244.7 | 46.8 | 1 | | Rubber Black | adjEBITDA | 2022/2 | 38.0 | 39.5 | -3.8 | 2 | | Rubber Black | Sales Vol MT | 2022/2 | 191700.0 | 182200.0 | 5.2 | | | Specialist Black | Sales Revenue | 2022/2 | 181.9 | 156.2 | 16.5 | 3 | | Specialist Black | adjEBITDA | 2022/2 | 45.4 | 39.3 | 15.5 | 4 | | Specialist Black | Sales Vol MT | 2022/2 | 59700.0 | 68100.0 | -12.3 | |
June (2022)
Orion Engineered Carbons: Increasing Prices and Adjusting Payment Terms for Rubber Carbon Blacks in Europe and Americas Link...
Orion Engineered Carbons is raising prices by 20% for all rubber carbon black products manufactured in Europe and the Americas. Payment terms will be reduced by at least 50% to conform with updated standards across the different regions. The changes will be effective for all shipments on or after Aug. 1, 2022, or as contracts permit.
May (2022)
Orion Engineered Carbons USD: 2022 Q1 Results Link...
Orion Engineered Carbons: Record gross margin per ton in both Speciality and Rubber segments. Investing in acetylene black facility in the U.S. quadrupling capacity. New line in Ravenna, Italy fully utilised. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/1 | 484.5 | 360.1 | 34.6 | | | Carbon Black | adjEBITDA | 2022/1 | 83.2 | 70.9 | 17.4 | | | Carbon Black | EBITDA | 2022/1 | 81.9 | 68.5 | 19.6 | | | Carbon Black | EBIT | 2022/1 | 54.6 | 42.9 | 27.4 | | | Carbon Black | Sales Vol MT | 2022/1 | 253200.0 | 254100.0 | -.4 | | | Rubber Black | Sales Revenue | 2022/1 | 306.9 | 215.9 | 42.1 | 1 | | Rubber Black | adjEBITDA | 2022/1 | 40.7 | 31.2 | 30.6 | 2 | | Rubber Black | Sales Vol MT | 2022/1 | 187600.0 | 182700.0 | 2.7 | | | Specialist Black | Sales Revenue | 2022/1 | 177.6 | 144.2 | 23.2 | 3 | | Specialist Black | adjEBITDA | 2022/1 | 42.5 | 39.7 | 7.1 | | | Specialist Black | Sales Vol MT | 2022/1 | 65600.0 | 71400.0 | -8.1 | 4 |
Orion Engineered Carbons: Planning Acetylene Black Plant in U.S. Link...
Orion Engineered Carbons (OEC) has announced plans to build the only plant in the U.S. producing acetylene-based conductive additives – a critical link in the value chain for lithium-ion batteries, high-voltage cables and other products powering the global transition to electrification and renewable energy. OEC’s planned facility in La Porte, Texas, will be backed by a long-term agreement for acetylene supplied from a neighboring site owned by Equistar Chemicals LP, a subsidiary of LyondellBasell.OEC will invest between $120 million to $140 million in the facility, expected to start up in the second half of 2024. This investment should increase the company’s conductive additives capacity by approximately 12 kMTpar.
March (2022)
Orion Engineered Carbons: Increasing Rubber Carbon Black Prices in Europe Link...
Orion Engineered Carbons is changing its carbon black oil surcharge and introducing a natural gas charge on all rubber carbon black products manufactured in Europe. These adjustments are required to address changing feedstock availability, quality and logistics.
Orion Engineered Carbons USD: 2021 Q4 Results Link...
Orion Engineered Carbons: Weaker Q4 volumes impacted by Ivanhoe startup, other turnarounds and global supply chain issues. Revenue increases driven by FS cost pass-through to customers. Margins impacted by energy and freight costs. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2021/4 | 392.7 | 315.7 | 24.4 | 1 | | Carbon Black | adjEBITDA | 2021/4 | 52.3 | 66.0 | -20.7 | | | Carbon Black | EBITDA | 2021/4 | 42.4 | 52.4 | -19.0 | | | Carbon Black | EBIT | 2021/4 | 12.9 | 25.6 | -49.6 | | | Carbon Black | Sales Vol MT | 2021/4 | 223100.0 | 237800.0 | -6.2 | | | Rubber Black | Sales Revenue | 2021/4 | 245.1 | 188.3 | 30.2 | | | Rubber Black | adjEBITDA | 2021/4 | 22.0 | 27.1 | -18.8 | 2 | | Rubber Black | Sales Vol MT | 2021/4 | 163300.0 | 172400.0 | -5.3 | | | Rubber Black | Sales Revenue | 2021/4 | 245.1 | 188.3 | 30.2 | | | Rubber Black | adjEBITDA | 2021/4 | 22.0 | 27.1 | -18.8 | 3 | | Rubber Black | Sales Vol MT | 2021/4 | 163300.0 | 172400.0 | -5.3 | |
February (2022)
Orion Engineered Carbons: Increasing Speciality Carbon Black Prices Globally Link...
Orion Engineered Carbons is increasing the price on all speciality carbon black products - the increase will vary depending on the product, manufacturing process and location. The increased pricing will be effective for all shipments beginning April 1, 2022, or as contracts allow.
December (2021)
BlackCycle: World's first Production of Sustainable Carbon Blacks (sCB) Link...
The BlackCycle consortium has announced the world’s first production of sustainable carbon blacks (sCB) for tire applications on a conventional carbon black furnace reactor by using oils derived from an end-of-life tire pyrolysis process. This novel production of a sustainable material from end-of-life tyres represents a truly circular process. The use of pyrolysis oil (supplied by Pyrum Innovations, Germany) as carbon black feedstock was successfully evaluated in the Innovation department of Orion Engineered Carbons. Orion concluded that replacing in a rubber coumpound a fossil fuel-based carbon black with a carbon black made from oil derived from the ELT pyrolysis will not change its properties.
November (2021)
Orion Engineered Carbons: Converting Carcass Line to Tread Line at Louisiana Plant Link...
Orion Engineered Carbons is planning to convert a carcass line to a tread line at its Ivanhoe, Lousiana plan in 2022. Orion state the change is due to onshoring of tire production with tightening supply for tread grade carbon black. The switch will convert 30 kMTpa of carcass to tread capacity.
Orion Engineered Carbons USD: 2021 Q3 Results Link...
Orion Engineered Carbons: Strong profitability in Speciality Carbon Black segment driven by demand recovery and favourable product mix. Advanced 2022 Rubber contract prices agreed for 2/3rds of Americas and EMEA volumes. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2021/3 | 393.1 | 282.0 | 39.4 | | | Carbon Black | adjEBITDA | 2021/3 | 66.4 | 55.0 | 20.8 | | | Carbon Black | EBIT | 2021/3 | 40.3 | 24.1 | 66.9 | | | Carbon Black | Sales Vol MT | 2021/3 | 236900.0 | 237000.0 | .0 | | | Rubber Black | Sales Revenue | 2021/3 | 242.8 | 178.4 | 36.1 | | | Rubber Black | adjEBITDA | 2021/3 | 27.4 | 28.5 | -3.9 | 1 | | Rubber Black | Sales Vol MT | 2021/3 | 173000.0 | 178200.0 | -2.9 | | | Specialist Black | Sales Revenue | 2021/3 | 150.2 | 103.6 | 45.0 | | | Specialist Black | adjEBITDA | 2021/3 | 39.0 | 26.5 | 47.3 | 2 | | Specialist Black | Sales Vol MT | 2021/3 | 63900.0 | 58800.0 | 8.7 | |
October (2021)
Orion Engineered Carbons: Implementing Carbon Dioxide Surcharge for All European Manufactured Carbon Black Products Link...
Orion Engineered Carbons is implenting a carbon dioxide surcharge on all carbon blacks produced in Europe effective January 1, 2022. This move is due to changes in the EU Emission Trading System. The official EU Emission Trading System (ETS) aims to support the EU climate neutrality target by 2050 and the intermediate target of at least 55 percent net reduction in greenhouse gas emissions by 2030 compared to 1990. The EU ETS has entered its fourth trading phase (2021-2030) resulting in additional costs based on direct CO2 emissions for the carbon black industry.
August (2021)
Orion Engineered Carbons: Building Second Carbon Black Plant in China Link...
Orion Engineered Carbons has begun construction of its second carbon black plant in China. The new facility is located in Huaibei, Anhui with a capacity of 65 kMTpa and is expected to be operational in 2023. The plant will produce grades for speciality and high-end rubber applications.
Orion Engineered Carbons: Increasing Carbon Black Prices in North America Link...
Orion Engineered Carbons is increasing the price on all North American Produced carbon black from September 15, 2021 (or as contracts permit). Base prices and environmental surcharges are being increased by 8 cents/lb with service charges, payment terms and volume rebates also being adjusted to reflect higher logistics costs, capital commitments and reliability expectations.
Orion Engineered Carbons USD: 2021 Q2 Results Link...
Orion Engineered Carbons: Speciality volumes up 37.6% YoY, Rubber volumes up 69.9% YoY. Speciality mix improving. Advancing sustainbility product strategy enabling circular, renewable carbon black. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2021/2 | 360.1 | 202.6 | 77.7 | | | Carbon Black | adjEBITDA | 2021/2 | 70.9 | 15.2 | 365.0 | | | Carbon Black | Sales Vol MT | 2021/2 | 254100.0 | 156900.0 | 62.0 | | | Rubber Black | Sales Revenue | 2021/2 | 215.9 | 108.3 | 99.4 | | | Rubber Black | adjEBITDA | 2021/2 | 31.2 | -1.2 | 2697.6 | | | Rubber Black | Sales Vol MT | 2021/2 | 182700.0 | 107500.0 | 70.0 | | | Specialist Black | Sales Revenue | 2021/2 | 144.2 | 94.4 | 52.7 | | | Specialist Black | adjEBITDA | 2021/2 | 39.7 | 16.5 | 140.5 | | | Specialist Black | Sales Vol MT | 2021/2 | 71400.0 | 49500.0 | 44.2 | |
July (2021)
Orion Engineered Carbons: Partnering with RISE to Produce Renewable Carbon Black at Commercial Scale Link...
Orion Engineered Carbons has partnered with RISE (Research Institute of Sweden) in a project looking to replace traditional feedstocks with pyrolysis oil from biomass to develop and produce renewable carbon black. Orion plans to convert the biomass oil into carbon black using its small-scale furnace reactor in Kalscheuren, Germany and will explore ways to upscale the process to match market demands. Additionally, using a pilot-scale reactor at its site in Piteå, Sweden, RISE will evaluate the use of electrofuels, such as plasma or hydrogen from electrolysis, as sustainable heat sources for the carbon black process.
Orion Engineered Carbons: Increasing EMEA Rubber Carbon Black Prices Link...
Orion Engineered Carbons is increasing prices on all rubber carbon black products sold in the EMEA region effective August 1, 2021 or as contracts allow. Prices are increasing by an average of 110 Euro/MT to cover rising operating, logistics and environmental costs.
June (2021)
Orion Engineered Carbons: Launching Renewable Carbon Black for the Tire Industry Link...
Orion Engineered Carbons has launched ECORAX® Nature, a new family of products for rubber applications using industrial grade, plant-based oils as a feedstock. ECORAX® Nature 100 is the first highly reinforcing carbon black grade made from renewable feedstocks which can be used in tire tread construction. The product is currently being tested by customers and will go into high volume manufacturing in the second half of 2022.
May (2021)
Orion Engineered Carbons USD: 2021 Q1 Results Link...
Orion Engineered Carbons: Strong demand recovery in specaiity carbon blacks in EMEA and APAC across all market applications. Rubber volume recovery was more subdued at 3.3% with the main recovery in the APAC region. Rubber margins were impacted by higher SGA costs. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2021/1 | 360.1 | 336.0 | 7.2 | | | Carbon Black | adjEBITDA | 2021/1 | 70.9 | 63.8 | 11.0 | | | Carbon Black | EBIT | 2021/1 | 42.9 | 37.5 | 14.3 | | | Carbon Black | Sales Vol MT | 2021/1 | 254100.0 | 235100.0 | 8.1 | | | Rubber Black | Sales Revenue | 2021/1 | 215.9 | 216.2 | -.1 | | | Rubber Black | adjEBITDA | 2021/1 | 31.2 | 35.8 | -12.9 | | | Rubber Black | Sales Vol MT | 2021/1 | 182700.0 | 176800.0 | 3.3 | | | Specialist Black | Sales Revenue | 2021/1 | 144.2 | 119.8 | 20.3 | | | Specialist Black | adjEBITDA | 2021/1 | 39.7 | 28.1 | 41.2 | 1 | | Specialist Black | Sales Vol MT | 2021/1 | 71400.0 | 58300.0 | 22.5 | |
February (2021)
Orion Engineered Carbons USD: 2020 FY and Q4 Results Link...
Orion Engineered Carbons: Strong demand recovery in the specialist carbon black segment. Rubber volume recovery is being impacted by the continued global COVID-19 pandemic and its impact on tire customers. Orion is positioning itself to capitalise on recovery in the short-medium term with two strategic investments for capacty expansion: 1) 25 kMT of speciality grade carbon black at its Ravenna, Italy plant due online in 2022, 2) a greenfield 65 kMT speciality and technical rubber goods plant in Huaibei, China due online in 2023/4. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020 | 1136.4 | 1476.4 | -23.0 | | | Carbon Black | adjEBITDA | 2020 | 200.0 | 267.3 | -25.2 | | | Carbon Black | EBITDA | 2020 | 170.9 | 243.9 | -29.9 | | | Carbon Black | EBIT | 2020 | 74.4 | 147.2 | -49.5 | | | Carbon Black | Sales Vol MT | 2020 | 867000.0 | 1023200.0 | -15.3 | | | Rubber Black | Sales Revenue | 2020 | 691.2 | 967.9 | -28.6 | | | Rubber Black | adjEBITDA | 2020 | 90.1 | 145.2 | -37.9 | | | Rubber Black | Sales Vol MT | 2020 | 635000.0 | 772100.0 | -17.8 | 1 | | Specialist Black | Sales Revenue | 2020 | 445.2 | 508.5 | -12.4 | | | Specialist Black | adjEBITDA | 2020 | 109.9 | 122.2 | -10.1 | | | Specialist Black | Sales Vol MT | 2020 | 232000.0 | 251100.0 | -7.6 | | | Carbon Black | Sales Revenue | 2020/4 | 315.7 | 322.4 | -2.1 | | | Carbon Black | adjEBITDA | 2020/4 | 66.0 | 63.2 | 4.4 | | | Carbon Black | EBITDA | 2020/4 | 52.4 | 57.8 | -9.4 | | | Carbon Black | EBIT | 2020/4 | 25.6 | 32.6 | -21.5 | | | Carbon Black | Sales Vol MT | 2020/4 | 237800.0 | 233500.0 | 1.8 | | | Rubber Black | Sales Revenue | 2020/4 | 188.3 | 207.7 | -9.3 | 2 | | Rubber Black | adjEBITDA | 2020/4 | 27.1 | 31.4 | -13.7 | | | Rubber Black | Sales Vol MT | 2020/4 | 172400.0 | 176700.0 | -2.4 | | | Specialist Black | Sales Revenue | 2020/4 | 127.4 | 114.8 | 11.0 | 3 | | Specialist Black | adjEBITDA | 2020/4 | 38.9 | 31.8 | 22.3 | | | Specialist Black | Sales Vol MT | 2020/4 | 65400.0 | 56800.0 | 15.1 | |
Orion Engineered Carbons: Increasing Acetylene Black Pricing Link...
Orion Engineered Carbons is raising the price of its acetylene black by 20 percent globally from 1st March 2021, or as contracts allow. The company justifies the price increases due to investments in the acquired plant in France, these investments were required to serve the growing market demand for lithium-ion battery production. Additional cost increases have been seen in packaging, transportation and environmental obligations.
December (2020)
Orion Engineered Carbons: Completes Cogeneration Unit at Qingdao, China Plant Link...
Orion Engineered Carbons has completed a multi-year upgrade to its Qingdao, China facility. A new, state-of-the-art, cogeneration unit was installed, which boosts the site’s sustainability by recovering more energy from the facility.
November (2020)
Orion Engineered Carbons USD: 2020 Q3 Results Link...
Orion Engineered Carbons USD: Broad-based recovery in both segments in 2020 Q3. Significantly higher QoQ rubber and speciality volumes from historic 2Q lows. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020/3 | 282.0 | 370.2 | -23.8 | | | Carbon Black | adjEBITDA | 2020/3 | 55.0 | 68.1 | -19.2 | | | Carbon Black | EBITDA | 2020/3 | 48.1 | 60.4 | -20.3 | | | Carbon Black | EBIT | 2020/3 | 24.1 | 38.4 | -37.1 | | | Carbon Black | Sales Vol MT | 2020/3 | 237000.0 | 256400.0 | -7.6 | | | Rubber Black | Sales Revenue | 2020/3 | 178.4 | 247.4 | -27.9 | | | Rubber Black | adjEBITDA | 2020/3 | 28.5 | 38.1 | -25.2 | | | Rubber Black | Sales Vol MT | 2020/3 | 178200.0 | 196000.0 | -9.1 | | | Specialist Black | Sales Revenue | 2020/3 | 103.6 | 122.8 | -15.6 | | | Specialist Black | adjEBITDA | 2020/3 | 26.5 | 30.0 | -11.7 | | | Specialist Black | Sales Vol MT | 2020/3 | 58800.0 | 60400.0 | -2.6 | |
October (2020)
Orion Engineered Carbons: Completes Upgrade to Borger, TX Plant for Energy Self-Sufficiency Link...
Orion Engineered Carbons has completed a cogeneration upgrade at its Borger, TX plant allowing the plant to be energy self-sufficient also providing surplus energy to the local grid.
August (2020)
Orion Engineered Carbons USD: 2020 Q2 Results Link...
Orion Engineered Carbons USD: Results reflect a 42 percent reduction in volume due to the abrupt reduction in global mobility due to COVID-19. Focus continues on business agility. The long-range outlook for carbon black demand is believed to remain strong, there may be some short term upside if driving grows as the preferred mode of transport due to social distancing - assessment of miles driven indicates some recovery in recent months. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020/2 | 202.6 | 399.0 | -49.2 | 1 | | Carbon Black | adjEBITDA | 2020/2 | 15.2 | 71.5 | -78.7 | | | Carbon Black | EBITDA | 2020/2 | 9.0 | 66.9 | -86.5 | | | Carbon Black | Sales Vol MT | 2020/2 | 156900.0 | 270500.0 | -42.0 | 2 | | Carbon Black | EBIT | 2020/2 | -12.9 | 41.5 | -131.1 | | | Rubber Black | Sales Revenue | 2020/2 | 108.3 | 259.7 | -58.3 | 3 | | Rubber Black | Sales Vol MT | 2020/2 | 107500.0 | 200600.0 | -46.4 | 4 | | Rubber Black | adjEBITDA | 2020/2 | -1.2 | 40.5 | -103.0 | | | Specialist Black | Sales Revenue | 2020/2 | 94.4 | 139.3 | -32.2 | | | Specialist Black | adjEBITDA | 2020/2 | 16.5 | 31.0 | -46.8 | | | Specialist Black | Sales Vol MT | 2020/2 | 49500.0 | 69900.0 | -29.2 | 5 |
July (2020)
Orion Engineered Carbons: Commissions New Air Emissions Controls at Orange, Texas Production Plant Link...
Orion Engineered Carbons has completed the upgrade of emissions controls at its plant in Orange, Texas. The site now complies with increased environmental standards, reducing the site's emission permits for NOX and SO2 by 2.3 kMT pa. Technology installed at the facility includes a thermal oxidizer that is more effective than the incinerator which was previously used to reduce the pollutants. In addition, the company installed a Selective Catalytic Reduction reactor to reduce the emission of NOx. The project spanned from the middle of 2019 and is now fully operational.
May (2020)
Orion Engineered Carbons: Breaks Ground on New Logistics Center in Cologne, Germany Link...
Orion Engineered Carbons is building a new logistics center at its largest manufacturing plant in Cologne, Germany. When complete the warehouse will have a capacity of about 12400 pallets. The Cologne production facility produces 160 kMTpa of more than 100 differentiated products requiring dedicated handling and logistics. The facility is due to be commissioned in December of this year.
Orion Engineered Carbons USD: 2020 Q1 Results Link...
Orion Engineered Carbons: During the quarter all plants including China, Korea and Italy were operational. Significant employee flexibility allowed operational and safety improvements in the face of changing demand. Orion are currently operating numerous reactors in ‘agile campaign mode’ running for several weeks to restock inventories, and then shutting down the reactors while continuing to ship. This mode minimizes costs while supporting customers as they gradually increase their production. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020/1 | 336.0 | 384.7 | -12.7 | | | Carbon Black | Gross Margin | 2020/1 | 90.2 | 97.7 | -7.7 | | | Carbon Black | adjEBITDA | 2020/1 | 63.8 | 64.6 | -1.2 | | | Carbon Black | EBITDA | 2020/1 | 61.4 | 58.8 | 4.4 | | | Carbon Black | EBIT | 2020/1 | 37.5 | 34.5 | 8.7 | | | Carbon Black | Sales Vol MT | 2020/1 | 235100.0 | 262800.0 | -10.5 | | | Rubber Black | Sales Revenue | 2020/1 | 216.2 | 253.1 | -14.6 | 1 | | Rubber Black | Gross Margin | 2020/1 | 50.5 | 56.6 | -10.8 | | | Rubber Black | adjEBITDA | 2020/1 | 35.8 | 35.2 | 1.7 | 2 | | Rubber Black | Sales Vol MT | 2020/1 | 176800.0 | 198800.0 | -11.1 | 3 | | Specialist Black | Sales Revenue | 2020/1 | 119.8 | 131.6 | -9.0 | 4 | | Specialist Black | Gross Margin | 2020/1 | 39.7 | 41.4 | -4.1 | | | Specialist Black | adjEBITDA | 2020/1 | 28.1 | 29.4 | -4.4 | |
March (2020)
Orion Engineered Carbons: FY 2020 Guidance Update Link...
Due to the ongoing uncertainty relating to the full extent of the COVID-19 situation, Orion Engineered Carbons has announced it is withdrawing its full-year 2020 guidance issued in February. The company has also announced a number of actions to maintain and strengthen its financial flexiblity including increasing its cash position and suspending its dividend.
February (2020)
Orion Engineered Carbons 2019 FY and Q4 Results Link...
Orion Engineered Carbons: Challenging environment continued in 2019 Q4 with weak OEM dynamics and tire customers reducing volumes towards year-end. There were some benefits from price and product mix. Orion's strategic initiatives during 2019 included cost reduction and price increase implementations. Additional surcharge mechanisms have been put in place for most 2020 rubber contracts to recover feedstock pricing differentials. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas, lampblack and acetylene blacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019 | 1476.4 | 1578.2 | -6.5 | | | Carbon Black | adjEBITDA | 2019 | 267.3 | 294.1 | -9.1 | | | Carbon Black | EBITDA | 2019 | 243.9 | 294.5 | -17.2 | | | Carbon Black | EBIT | 2019 | 147.2 | 196.3 | -25.0 | | | Carbon Black | Sales Vol MT | 2019 | 1023200.0 | 1084600.0 | -5.7 | | | Rubber Black | Sales Revenue | 2019 | 967.9 | 1032.8 | -6.3 | | | Rubber Black | adjEBITDA | 2019 | 145.2 | 144.9 | .2 | | | Rubber Black | Sales Vol MT | 2019 | 772100.0 | 822200.0 | -6.1 | | | Specialist Black | Sales Revenue | 2019 | 508.5 | 545.5 | -6.8 | | | Specialist Black | adjEBITDA | 2019 | 122.2 | 149.2 | -18.1 | | | Specialist Black | Sales Vol MT | 2019 | 251100.0 | 262400.0 | -4.3 | | | Carbon Black | Sales Revenue | 2019/4 | 322.4 | 385.9 | -16.4 | | | Carbon Black | adjEBITDA | 2019/4 | 63.2 | 64.4 | -1.9 | | | Carbon Black | EBITDA | 2019/4 | 57.8 | 53.0 | 9.1 | | | Carbon Black | EBIT | 2019/4 | 32.6 | 26.7 | 22.1 | | | Carbon Black | Sales Vol MT | 2019/4 | 233500.0 | 256200.0 | -8.9 | | | Rubber Black | Sales Revenue | 2019/4 | 207.7 | 259.1 | -19.8 | 1 | | Rubber Black | adjEBITDA | 2019/4 | 31.4 | 35.4 | -11.3 | 2 | | Rubber Black | Sales Vol MT | 2019/4 | 176700.0 | 195400.0 | -9.6 | 3 | | Specialist Black | Sales Revenue | 2019/4 | 114.8 | 126.9 | -9.5 | 4 | | Specialist Black | adjEBITDA | 2019/4 | 31.8 | 29.0 | 9.7 | | | Specialist Black | Sales Vol MT | 2019/4 | 56800.0 | 60800.0 | -6.6 | 5 |
November (2019)
Orion Engineered Carbons USD: 2019 Q3 Results Link...
Orion Engineered Carbons: Speciality and Mechanical Rubber Goods (MRG) businesses impacted by continued weakness in Asian markets and with automotive OEMs. Tire business has remained stable. Weakening global economy has also impacted other markets as the year has progressed. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019/3 | 370.2 | 394.0 | -6.0 | | | Carbon Black | adjEBITDA | 2019/3 | 68.1 | 72.6 | -6.2 | | | Carbon Black | EBITDA | 2019/3 | 60.4 | 64.6 | -6.6 | | | Carbon Black | EBIT | 2019/3 | 38.4 | 41.8 | -8.3 | | | Specialist Black | Sales Revenue | 2019/3 | 122.8 | 134.2 | -8.5 | 1 | | Specialist Black | Gross Margin | 2019/3 | 41.4 | 48.2 | -14.1 | 2 | | Specialist Black | adjEBITDA | 2019/3 | 30.0 | 34.7 | -13.5 | 3 | | Specialist Black | Sales Vol MT | 2019/3 | 60400.0 | 64700.0 | -6.6 | 4 | | Rubber Black | Sales Revenue | 2019/3 | 247.4 | 259.8 | -4.8 | 5 | | Rubber Black | Gross Margin | 2019/3 | 57.3 | 60.9 | -5.9 | 6 | | Rubber Black | adjEBITDA | 2019/3 | 38.1 | 37.9 | .5 | 7 | | Rubber Black | Sales Vol MT | 2019/3 | 196000.0 | 202000.0 | -3.0 | 8 |
October (2019)
Orion Engineered Carbons: Introduce a Surface-Modified Carbon Black for Tires Link...
Orion Engineered Carbons introduced a new surface-modified carbon black for tires at the International Elastomer Conference in Cleveland, Ohio on 9th October. The new product reduces energy loss in tread compounds which improves fuel efficiency while demonstrating good abrasion resistance.
August (2019)
Orion Engineered Carbons: 2019 Q2 Results Link...
Orion Engineered Carbons: Challenging market environment continues. Q2 results down versus prior year's record quarterly results. Volumes up for speciality, however revenues impacted by product mix. Rubber goods segment performed well, however the segment is short of earning its cost of capital, therefore surcharges and price increases have been implemented to continue the upward performance of the Rubber segment. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019/2 | 399.0 | 391.6 | 1.9 | 1 | | Carbon Black | adjEBITDA | 2019/2 | 71.5 | 81.1 | -11.9 | | | Carbon Black | EBITDA | 2019/2 | 66.9 | 106.7 | -37.3 | | | Carbon Black | EBIT | 2019/2 | 41.5 | 82.5 | -49.7 | | | Carbon Black | Sales Vol MT | 2019/2 | 270500.0 | 275600.0 | -1.9 | | | Rubber Black | Sales Revenue | 2019/2 | 259.7 | 248.9 | 4.3 | 2 | | Rubber Black | adjEBITDA | 2019/2 | 40.5 | 35.9 | 12.8 | | | Specialist Black | Sales Revenue | 2019/2 | 139.3 | 142.7 | -2.4 | 3 | | Specialist Black | adjEBITDA | 2019/2 | 31.0 | 45.2 | -31.4 | |
RCCL Industry Analysis:
Analysis Snippet: Orion Engineered Carbons (OEC) ajdEBITDA/MT
The figure presents OEC's quarterly segmental performance measured by adjEBITDA/MT. While the specialist segment has substantially higher values relative to the rubber segment, it shows a steady downward progression. This is attributable to feedstock pricing pressures as well as product mix effects. The rubber segment has recovered to values previously seen in 2014, this recovery is due to cost efficiencies as well as price increases. The rubber segment recovery is also in line with general feedstock pricing trends, it is easier to implement non-index price increases when variable costs are high.
July (2019)
Orion Engineered Carbons: Price Increases for North American Speciality and Rubber Carbon Blacks Link...
Orion Engineered Carbons S.A. has announced North American price increases effective September 1, 2019 (or as contracts allow). Sales prices for rubber grade carbon black will increase by $0.08/lb and specialist by $0.07/lb for all carbon black produced and sold in North America.
Orion will increase the base price of rubber grade carbon black by $0.04/lb. This surcharge is necessary due to the impact of IMO and EPA mandates which are affecting the availability and price of certain qualities of feedstock oil. The changing relationship between carbon black feedstock pricing and the traditionally used high sulphur fuel oil index will necessitate quarterly reviews of this surcharge, however rapidly changing market conditions may require more frequent review.
For speciality grade carbon black requiring low sulphur feedstock the current surcharge is $0.07/lb which will also be adjusted in a responsive manner.
June (2019)
Orion Engineered Carbons: Expanding Production Capacity for Gas Blacks at Kalscheuren, Germany Link...
Orion Engineered Carbons S.A. is expanding capacity for gas blacks at its Kalscheuren plant, located near Cologne, Germany. The expansion is in response to growing demand for coatings where Orion's gas blacks provide excellent performance.
Orion Engineered Carbons: Adopts North West Europe 1% Sulphur Fuel Oil Index for European Pricng Formula Link...
Orion Engineered Carbons is adopting the Platts North West Europe 1% Sulphur fuel oil index (FO 1% FOB ROT) in Europe as of July 1st 2019. According to Orion, the 1% Sulphur Rotterdam FO index is no longer functional as it does not trade forward and no longer tracks other 1% indices.
Orion state that they use exclusively low sulphur carbon black oil (CBO) grades in Europe. In view of the upcoming IMO Marpol 2020 regulations, the CBO market situation will continue to be monitored carefully.
May (2019)
Orion Engineered Carbons USD: 2019 Q1 Results Link...
Orion Engineered Carbons USD: Volumes and revenues down YoY due to poor market conditions in China and to a lesser extent in Europe. Some indication of improved market conditions moving into Q2 2019. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019/1 | 384.7 | 406.7 | -5.4 | 1 | | Carbon Black | adjEBITDA | 2019/1 | 64.6 | 76.0 | -15.0 | | | Carbon Black | EBITDA | 2019/1 | 58.8 | 70.1 | -16.1 | | | Carbon Black | EBIT | 2019/1 | 34.5 | 45.3 | -23.9 | | | Rubber Black | Sales Revenue | 2019/1 | 253.1 | 265.0 | -4.5 | 2 | | Rubber Black | adjEBITDA | 2019/1 | 35.2 | 35.7 | -1.4 | | | Rubber Black | Sales Vol MT | 2019/1 | 198800.0 | 217000.0 | -8.4 | 3 | | Specialist Black | Sales Revenue | 2019/1 | 131.6 | 141.7 | -7.1 | 4 | | Specialist Black | adjEBITDA | 2019/1 | 29.4 | 40.3 | -27.0 | | | Specialist Black | Sales Vol MT | 2019/1 | 64000.0 | 69100.0 | -7.4 | 5 |
March (2019)
Orion Engineered Carbons USD: 2018 Q4 Results Link...
Orion Engineered Carbons: Delivered strong financial results for Q4 and FY 2018. The performance was bolstered by strong performance in the Rubber Carbon Black segment in particular gained from significant price increases for 2018 over 2017 and continued product rationalisation in Asia. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018 | 1578.2 | 1328.3 | 18.8 | | | Carbon Black | adjEBITDA | 2018 | 294.1 | 257.0 | 14.5 | | | Carbon Black | EBIT | 2018 | 196.3 | 137.9 | 42.4 | | | Carbon Black | Net Margin | 2018 | 121.3 | 64.9 | 87.0 | | | Rubber Black | Sales Revenue | 2018/4 | 259.1 | 224.3 | 15.5 | 1 | | Rubber Black | adjEBITDA | 2018/4 | 35.4 | 33.4 | 6.0 | | | Rubber Black | Sales Vol MT | 2018/4 | 195400.0 | 210300.0 | -7.1 | 2 | | Specialist Black | Sales Revenue | 2018/4 | 126.9 | 115.4 | 10.0 | 3 | | Specialist Black | adjEBITDA | 2018/4 | 29.0 | 32.5 | -10.8 | 4 | | Specialist Black | Sales Vol MT | 2018/4 | 60800.0 | 62600.0 | -2.9 | 5 |
December (2018)
Orion Engineered Carbons: Implementing EPA Surcharge in North America Link...
Orion Engineered Carbons has introduced an EPA surcharge to price agreements for all customers of products produced in North America for 2019. The surcharge is intended to offset incremental variable costs associated with Orion's compliance with its 2017 consent decree with the US EPA. The surcharge will be reviewed on a quarterly basis with the first surcharge being 1.5 cent per pound from April 1st 2019.
November (2018)
Orion Engineered Carbons USD: 2018 Q3 Results Link...
Orion Engineered Carbons: Rubber segment records record quarterly profit. Strong results were seen across the entire rubber segment supported by a healthy market environment and a focus on improving the technical mix of products. Rubber volumes were down due to product reallignment in South Korea, without this effect volumes were up 2.7%. Profitability in the specialist segment was impacted by the pass-on of higher feedstock pricing. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018/3 | 394.0 | 334.9 | 17.6 | 1 | | Carbon Black | adjEBITDA | 2018/3 | 72.6 | 64.1 | 13.2 | | | Carbon Black | EBIT | 2018/3 | 41.8 | 33.4 | 25.4 | | | Rubber Black | Sales Revenue | 2018/3 | 259.8 | 209.9 | 23.8 | 2 | | Rubber Black | adjEBITDA | 2018/3 | 37.9 | 23.7 | 59.9 | | | Rubber Black | Sales Vol MT | 2018/3 | 202000.0 | 206300.0 | -2.1 | 3 | | Specialist Black | Sales Revenue | 2018/3 | 134.2 | 125.1 | 7.3 | 4 | | Specialist Black | adjEBITDA | 2018/3 | 34.7 | 40.3 | -13.9 | | | Specialist Black | Sales Vol MT | 2018/3 | 64700.0 | 66600.0 | -2.9 | 5 |
Orion Engineered Carbons: Acquires French Acetylene Carbon Black Manufacturer SN2A Link...
Orion Engineered Carbons have reached an agreement to acquire acetylene carbon black manufacturer Société du Noir d'Acétylène de l'Aubette, SAS (SN2A) from LyondellBasell Industries Holdings B.V. and its French affiliate.
Orion see this as a bolt-on acquistion fitting their focus on speciality carbon blacks where acetylene black offers additional opportunities, especially in lithium-ion batteries and high performance electrical cables.
August (2018)
Orion Engineered Carbons USD: Q2 Results Link...
Orion Engineered Carbons: Strong Q2 results in line with execution plan. Rising feedstock prices for specialist grades have been offset by price increases. Strong demand in the Rubber blacks segment has kept plants running at high utilisation rates. Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of USD | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018/2 | 391.6 | 329.6 | 18.8 | | | Carbon Black | Gross Margin | 2018/2 | 112.8 | 92.9 | 21.4 | | | Carbon Black | adjEBITDA | 2018/2 | 81.1 | 64.3 | 26.1 | | | Carbon Black | Net Margin | 2018/2 | 52.7 | 18.4 | 185.9 | | | Carbon Black | Sales Vol MT | 2018/2 | 275600.0 | 266600.0 | 3.4 | 1 | | Specialist Black | Sales Revenue | 2018/2 | 142.7 | 122.3 | 16.7 | 2 | | Specialist Black | adjEBITDA | 2018/2 | 45.2 | 38.4 | 17.7 | | | Specialist Black | Sales Vol MT | 2018/2 | 67800.0 | 65300.0 | 3.8 | 3 | | Rubber Black | Sales Revenue | 2018/2 | 248.9 | 207.3 | 20.1 | 4 | | Rubber Black | adjEBITDA | 2018/2 | 35.9 | 26.0 | 38.1 | | | Rubber Black | Sales Vol MT | 2018/2 | 207800.0 | 201300.0 | 3.2 | |
2018/2Restructuring project to consolidate Korean production completed. A gain of $29.8 MM associated with sale of the former plant site in Seoul.
July (2018)
Orion Engineered Carbons: Price Increases for all Speciality Carbon Blacks Worldwide Link...
Orion Engineered Carbons has announced price increases for all speciality carbon black products worldwide from 1st September 2018. Increasese will vary depending upon product, region and market. Reasons given were increased cost of raw materials and freight.
June (2018)
Orion Engineered Carbons: Increasing Prices for Rubber Carbon Blacks in EMEA Link...
Orion Engineered Carbons have announced that effective Aug 1st 2018, prices will be increased for all rubber grade carbon black sold in the EMEA region. The reason given is rising operating expenses due to high utilisation rates and investment in their manufacturing network. Prices will be adjusted by 70 to 90 Euro/MT as contracts allow.
May (2018)
Orion Engineered Carbons USD: 2018 Q1 Results Link...
Orion Engineered Carbons: Strong 2018 Q1 results. Increased volumes, prices and margin for speciality and reinforcing segments. High utilisation in reinforcing segment and continued focus on optimising production and product portfolio towards higher value products. | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018/1 | 406.7 | 324.1 | 25.5 | 1 | | Carbon Black | adjEBITDA | 2018/1 | 76.0 | 62.6 | 21.4 | 2 | | Carbon Black | EBITDA | 2018/1 | 70.1 | 59.3 | 18.3 | | | Carbon Black | EBIT | 2018/1 | 45.3 | 37.0 | 22.5 | | | Carbon Black | Net Margin | 2018/1 | 24.2 | 16.8 | 44.1 | | | Carbon Black | Sales Vol MT | 2018/1 | 286100.0 | 275100.0 | 4.0 | 3 | | Rubber Black | Sales Revenue | 2018/1 | 265.0 | 208.0 | 27.4 | 4 | | Rubber Black | adjEBITDA | 2018/1 | 35.7 | 28.4 | 25.7 | | | Rubber Black | Sales Vol MT | 2018/1 | 217000.0 | 208100.0 | 4.3 | | | Specialist Black | Sales Revenue | 2018/1 | 141.7 | 116.1 | 22.0 | | | Specialist Black | adjEBITDA | 2018/1 | 40.3 | 34.2 | 17.8 | | | Specialist Black | Sales Vol MT | 2018/1 | 69100.0 | 67000.0 | 3.1 | |
April (2018)
Orion Engineered Carbons: Increasing Rubber Carbon Black Prices in North America Link...
Orion Engineered Carbons is increasing prices on all rubber carbon blacks sold in North America. Increasing operating, logistics and service costs have led to the increase of an average of f $121/MT.
March (2018)
Orion Engineered Carbons: Adding Speciality Carbon Black Production Line in Italy Link...
Orion Engineered Carbons is expanding production capacity at its Ravenna plant in Italy. The new line will produce speciality carbon blacks for the coatings, polymers, printing and speciality application markets. The new line, expected to begin production in Q4 2019, continues Orion's rapid reallignment towards higher value products.
February (2018)
Orion Engineered Carbons: 2017 Full Year and Q4 Results Link...
Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of EUR Increasing demand and feedstock pressures Increasing demand, particularly in the rubber segment is improving furnace carbon black manufacturers' contract pricing leverage. This is being offset in the specialist carbon black segment with feedstock pricing increases and regional variations along with the ability to pass additional costs to the customer in a timely manner. | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2017 | 1177.2 | 1030.1 | 14.3 | | | Carbon Black | Gross Margin | 2017 | 334.8 | 338.3 | -1.0 | | | Carbon Black | adjEBITDA | 2017 | 227.7 | 222.5 | 2.3 | | | Carbon Black | EBIT | 2017 | 123.8 | 104.8 | 18.1 | | | Carbon Black | Sales Vol MT | 2017 | 1087500.0 | 1127900.0 | -3.6 | | | Rubber Black | Sales Revenue | 2017 | 752.7 | 644.3 | 16.8 | | | Rubber Black | adjEBITDA | 2017 | 98.9 | 86.1 | 14.9 | | | Rubber Black | Sales Vol MT | 2017 | 826000.0 | 886100.0 | -6.8 | | | Specialist Black | Sales Revenue | 2017 | 424.6 | 385.9 | 10.0 | | | Specialist Black | adjEBITDA | 2017 | 128.8 | 136.7 | -5.8 | | | Specialist Black | Sales Vol MT | 2017 | 261500.0 | 241800.0 | 8.1 | | | Carbon Black | Sales Revenue | 2017/4 | 288.5 | 276.3 | 4.4 | 1 | | Carbon Black | EBIT | 2017/4 | 26.0 | 36.7 | -29.2 | 2 | | Carbon Black | Net Margin | 2017/4 | 21.1 | 18.6 | 13.7 | 3 | | Carbon Black | Sales Vol MT | 2017/4 | 272900.0 | 280600.0 | -2.7 | 4 | | Rubber Black | Sales Revenue | 2017/4 | 190.5 | 180.2 | 5.7 | 5 | | Rubber Black | adjEBITDA | 2017/4 | 28.4 | 25.3 | 12.3 | 6 | | Rubber Black | Sales Vol MT | 2017/4 | 210300.0 | 221100.0 | -4.9 | 7 | | Specialist Black | Sales Revenue | 2017/4 | 98.0 | 96.1 | 2.0 | 8 | | Specialist Black | Gross Margin | 2017/4 | 35.2 | 39.9 | -11.8 | 9 | | Specialist Black | adjEBITDA | 2017/4 | 27.6 | 30.3 | -8.9 | 10 | | Specialist Black | Sales Vol MT | 2017/4 | 62600.0 | 59500.0 | 5.2 | 11 | | Specialist Black | Sales Revenue | 2017/4 | 98.0 | 96.1 | 2.0 | 12 | | Specialist Black | Gross Margin | 2017/4 | 35.2 | 39.9 | -11.8 | 13 | | Specialist Black | adjEBITDA | 2017/4 | 27.6 | 30.3 | -8.9 | 14 | | Specialist Black | Sales Vol MT | 2017/4 | 62600.0 | 59500.0 | 5.2 | 15 |
Orion Engineered Carbons: Speciality Carbon Black Price Increase Link...
Orion Engineered Carbons is implementinig price increases on all Speciality Blacks worldwide beginning Jan 1st 2018.
The increase varies by grade, region and market.
December (2017)
Orion Engineered Carbons: EPA Clean Air Act Settlement Link...
(Washington, D.C. – December 22, 2017) - EPA and the Department of Justice announced a Clean Air Act (CAA) settlement with Orion Engineered Carbons, LLC that will significantly reduce air pollution from four carbon black manufacturing plants in Louisiana, Ohio and Texas. The Louisiana Department of Environmental Quality (LDEQ) participated in the settlement.
The EPA estimates that the cost of the additional emissions mitigation will be over $100 million. In addtion Orion have commited to spend $550,000 on environmental mitigation projects as well as $800,000 in civil penalties. The proposed settlement, lodged in the U.S. District Court for the Western District of Louisiana, is subject to a 45-day public comment period and final court approval.
RCCL Industry Analysis:
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North American furnace carbon black supply versus demand is covered in detail in RCCL's latest bulletin. The bulletin covers: - North American Furnace Carbon Black Production.
- North American Furnace Carbon Black Market.
- Discussion of the range of factors which may influence forward supply-demand balance in the region.
This special bulletin is available by request from Rubber Chemical Consultants Ltd Additional high level market analysis information is available in the January Newsletter and the video which accompanies the January Bulletin. |
Orion Engineered Carbons: New Speciality Carbon Black Production Line - South Korea Link...
Orion Engineered Carbons has completed construction of a new Carbon Black production line at its plant in Yeosu, South Korea, to produce specialty products. The line started production on November 23rd and has begun commercial sales. The new line will produce premium grades for demanding applications such as automotive coatings, engineered plastics, printing inks, sealants and adhesives.
The Yeosu plant has also recently completed a major upgrade to a technical rubber carbon black production line which is also back in production.
These two projects are major components of the consolidation of the Bupyeong [Incheon] Plant into the Yeosu facility. The transition is on track to be completed by July 2018.
November (2017)
Orion Engineered Carbons: Q3 Results Link...
Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Currency values reported in: Millions of EUR | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2017/3 | 285.1 | 259.7 | 9.8 | 1 | | Carbon Black | Gross Margin | 2017/3 | 80.9 | 82.7 | -2.2 | | | Carbon Black | EBITDA | 2017/3 | 48.8 | 55.4 | -12.0 | | | Carbon Black | EBIT | 2017/3 | 28.4 | 3.4 | 731.9 | | | Carbon Black | Net Margin | 2017/3 | 13.0 | -3.8 | 439.2 | | | Carbon Black | Sales Vol MT | 2017/3 | 272900.0 | 277100.0 | -1.5 | 2 | | Rubber Black | Sales Revenue | 2017/3 | 178.6 | 165.0 | 8.2 | 3 | | Rubber Black | Gross Margin | 2017/3 | 36.5 | 39.3 | -7.1 | 4 | | Rubber Black | EBITDA | 2017/3 | 20.2 | 22.2 | -9.0 | | | Specialist Black | Sales Revenue | 2017/3 | 106.5 | 94.7 | 12.5 | | | Specialist Black | Gross Margin | 2017/3 | 44.3 | 43.4 | 2.1 | | | Specialist Black | EBITDA | 2017/3 | 34.3 | 33.2 | 3.3 | |
August (2017)
Orion Engineered Carbons: Q2 Results Link...
Orion Engineered Carbons manufactures furnace carbon black as well as thermal, gas and lampblacks and is the third largest carbon black producer on a global basis. Orion reports results in two segments: Specialist and Rubber. Rubber Chemical Consultants tracks the two segments as well as the overall company results. Orion Engineered Carbons: EUR Millions | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2017/2 | 299.3 | 247.9 | 20.7 | | | Carbon Black | EBITDA | 2017/2 | 56.5 | 57.7 | -2.1 | | | Carbon Black | EBIT | 2017/2 | 34.6 | 34.2 | 1.3 | | | Rubber Black | Sales Revenue | 2017/2 | 188.3 | 149.9 | 25.6 | 1 | | Rubber Black | EBITDA | 2017/2 | 23.6 | 19.1 | 23.6 | | | Specialist Black | Sales Revenue | 2017/2 | 111.1 | 98.0 | 13.4 | 2 | | Specialist Black | EBITDA | 2017/2 | 34.8 | 38.7 | -10.1 | |
1 Revenues increased YOY despite volume decline, due to pass through of feedstock costs, currency exchange and some pricing improvements. 2 Strong volume growth in Europe plus extension of sales from Qingdao facility.
July (2017)
Orion Engineered Carbons: Increasing Prices for Rubber Carbon Black in USA Link...
Orion Engineered Carbons has announced it is increasing prices by five cents per pound (or as contracts allow) on all rubber carbon black sold in the USA. Increases are due to investments in production facilities.
Orion Engineered Carbons: Idling Rubber Carbon Black Production Line, Orange Texas at Year End Link...
Orion Engineered Carbons has announced that is it idling one rubber carbon black production line at its Orange, Texas facility at the end of 2017. This action is being taken because current pricing levels to not justify the costs of maintaining the production capacity.
RCCL Industry Analysis:
Analysis Snippet: Orion Engineered Carbons (OEC) This is a high level discussion looking at the reasons for OEC’s announced mothballing of a rubber furnace grade line at their Orange, Texas facility. This looks briefly at evidence from OEC’s financial data as well as external factors such US import movements and values. The discussion rounds off with a look at OEC’s US operations. As always, far deeper insight is available from Rubber Chemical Consultants Ltd by arrangement. OEC focus strongly on value added products. These include a range of specialist (non-furnace grades) as well as specialist furnace products. The figure below shows OEC’s average selling price and EBITDA per metric tonne for specialist and rubber grades, it is clear that the selling price and EBITDA/MT for rubber products is significantly lower. OEC have made efforts to increase rubber grades EBITDA by passing on feedstock costs as well as moving to more technical rubber grades, this is evidenced by the increase in pricing (also attributable to feedstock movements) in recent quarters. While the pricing is seen to be recovering, the change in EBITDA is marginal, this may be a reflection of increasing non-variable manufacturing costs.  The figure below shows carbon black (HS2803) import volumes to the USA from all countries. This indicates a general upward trend, with an approximate 30kMTpa shift between 2013 and 2014. Volumes post 2013 appear to have stabilised. This average data clearly hides a level of complexity, both in the different underlying importing countries and also in product mix, however, the majority of import volume and incremental volume comes from Canada and Russia, with the impact from Russia taking effect from 2013 onwards. A take away from this limited analysis is that the incremental volume from 2013 to 2014 is roughly equivalent of one rubber carbon black production line.  The figure below looks at the average price (based on customs value) of imports for global (all countries), Canada and Russia. Again it is important to understand that product type and mix will impact the average prices, however it is clear that the Russian imports, which it can be assumed will be rubber grades predominately for tire applications, have substantially lower average prices.  Regarding OEC’s US operations, OEC currently have four production sites in the US with an estimated total capacity in the region of 375 kMTpa (all types), this is one more US site compared to CSRC, Sid Richardson and Cabot and two more US sites compared to Columbian (Birla). The number of sites as well as total combined production will have an impact on ongoing operational costs which will increase due to the ongoing EPA action, this will clearly impact future EBITDA and EBIT for all products, however the impact on rubber grades will be more acute due to their low profit margins and market pricing prospects. Looking at OEC’s market positioning, they have upgraded a number of their US facilities for specialist products and also produce thermal black at their Borger facility. The mothballing of the line at Orange, Texas reduces this plant’s estimated capacity to below 50kMTpa, which leaves the longer term prospects for this plant questionable.
May (2017)
Orion Engineered Carbons: EMEA Price Increases for Rubber Carbon Blacks Link...
Orion is increasing prices for all rubber grades sold in the EMEA. Increases will be between 60 and 90 Euro/MT or as contracts allow.
The increases were deemed necessary due to increased operating expenses and costs required to meet more stringent customer quality standards and service levels.
Orion Engineered Carbons: Q1 Results Link...
Orion Engineered Carbons: EUR Millions | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2017/1 | 304.3 | 246.3 | 23.5 | 1 | | Carbon Black | Gross Margin | 2017/1 | 89.7 | 81.6 | 10.0 | | | Carbon Black | EBITDA | 2017/1 | 58.8 | 54.0 | 8.9 | 2 | | Carbon Black | Sales Vol MT | 2017/1 | 275100.0 | 277800.0 | -1.0 | | | Rubber Black | Sales Revenue | 2017/1 | 195.3 | 149.2 | 30.9 | 3 | | Rubber Black | Gross Margin | 2017/1 | 46.1 | 36.3 | 27.0 | | | Rubber Black | EBITDA | 2017/1 | 26.7 | 19.5 | 36.9 | | | Rubber Black | Sales Vol MT | 2017/1 | 208100.0 | 218700.0 | -4.8 | | | Specialist Black | Sales Revenue | 2017/1 | 109.0 | 97.1 | 12.3 | | | Specialist Black | Gross Margin | 2017/1 | 43.6 | 45.3 | -3.8 | 4 | | Specialist Black | EBITDA | 2017/1 | 32.1 | 34.5 | -7.0 | | | Specialist Black | Sales Vol MT | 2017/1 | 67000.0 | 59200.0 | 13.2 | 5 |
1 Revenue increase due to pass on of higher feedstock prices to customer as well as base price increases 2 (adjusted) 3 Sales impacted (4.8%) by closure of Ambes plant in France. 4 Decrease in gross profit due to time lag in price adjustements versus higher feedstock prices. 5 Rapid growth in speciality carbon black volumes.
February (2017)
Orion Engineered Carbons: 2016 Q4 and Full Year Results Link...
Full Year - All Segments: adjEBITDA 222.8 MM€ a 6.7% increase over 2015. Net Margin 44.6 MM€ a 3.9% increase over 2015. Sales volume increased by 8.9% YOY.
Q4 - All Segments: adjEBITDA 55.6 MM€ a 9.4% increase YOY. Net margin 18.6 MM€ versus prior year of 1.5 MM€. Sales volume increased 6.5% YOY.
RCCL Industry Analysis:
Analysis Snippet: Orion Engineered Carbons (OEC) The figure provides quarterly ratios for adjEBITDA and gross margin as a percentage of sales. These ratios are useful for comparison of performance with similar companies (see MRT Carbon Black Industry and Market Report 2017 for more details). Adjusted EBITDA (removing one-off expenses) and gross margin data indicate improving financial performance. It is necessary to dig deeper into the numbers to determine the longevity of this performance - further insight will be provided in the near future when all the numbers are available. 
November (2016)
Orion Engineered Carbons: Consolidating Production in South Korea Link...
Orion Engineered Carbons have outlined their intention to streamline production in South Korea by closing their facility in Buyong and consolidating production in Yeosu. During this process the product mix is being shifted to speciality business and more profitable products for rubber mechanical goods and technical tire products.
This process is likelyto be complete by mid 2018 and results from pressures of high labour costs, the costs and availability of raw material feedstocks and the need to improve productivity.
Orion Engineered Carbons: 2016 Q3 Results Link...
All Segments: YOY volume increase of 7.3% with increases in both segments. Sales revenue decreased YOY due to lower feedstock costs being passed on to customers. Net margin resulted in a loss of -3.8 MM€ versus as profit of 12.1 MM€ in 2015, this was the result of restructuring the rubber business with the closure of the plant in Ambes, France.
RCCL Industry Analysis:
Analysis Snippet: Orion Engineered Carbons (OEC) The figure below shows information for the rubber segment. The average selling price is compared with the gross margin and adjEBITDA values per metric tonne (this assumes that sales volume matches production volume). There is clearly a steady decline is average selling price, this is driven by changes in variable costs due to the reduction in oil price and also current market conditions. The gross margin (revenue minus direct production costs) indicates production efficiencies and ability to pass on variable cost changes to the final consumer. It can be seen that this varies over the time period as OEC makes necessary production and contract changes to maintain an adequate level (this has included closing less efficient plants as well as adjustments to pricing and contracts). The adjusted EBITDA per MT used in conjunction with the gross margin per MT indicates the efficiencies of the non-production aspects of the operation. The level of adjusted EBITDA is fairly constant up to Q2 2015, after this period there are some impacts from re-organisation and realignment of the business. 
September (2016)
Orion Engineered Carbons: Price Increases for Rubber Grades Produced in South Korea Link...
October 6, 2016 – Orion Engineered Carbons announced today that effective with shipments beginning December 1, 2016, it will implement base price increases of up to 9% on all Rubber Black grades made in South Korea and sold in the Asia-Pacific market.
Orion Engineered Carbons: Line Conversion in Korea from Tire Grade to Technical Grades Link...
October 6, 2016 – Orion Engineered Carbons announced today that it will convert a tire grade carbon black production line at its plant in Yeosu, South Korea, to specialty and technical rubber products. This action will impact approximately 20 kilotons of carbon black
RCCL Industry Analysis:
Analysis Snippet: Orion Engineered Carbons This move is in line with Orion’s well publicised strategy to move to higher value products. Orion have ‘repurposed’ a number of production lines in different regions as well as closing non-strategic plants since the change in ownership from Evonik in 2011. The full impact of ‘repurposing’ needs careful consideration as this is not typically a clean break from standard production but a means to move to higher value goods. MRT has analysed the global capability of both Orion and Birla with regard to the specialist rubber goods segment - further analysis is available via arrangement.
August (2016)
Orion Engineered Carbons: 2016 Q2 Results Link...
All Segments: Volumes increased 12.2% YOY with increases in both segments with an organic growth of 6.5%. Profit increased YOY from 14.6 MM€ tp 16.5 MM€.
July (2016)
Orion Engineered Carbons: Speciality Carbon Black Price Increases Link...
KINGWOOD, Texas, July 19, 2016 – Orion Engineered Carbons announced today that beginning September 1, 2016, Orion will implement selective price increases ranging from 5% to 8% for Specialty Carbon Black grade
June (2016)
Orion Engineered Carbons: Consultations for Potential Closure of French, Ambes Facility Link...
Consultations have begun at the Ambes facility in France looking at the potential closure of the plant.
May (2016)
Orion Engineered Carbons: New Furnace Carbon Blacks for Tire Fuel Efficiency Link...
KINGWOOD, Texas, May 26, 2016 – Orion Engineered Carbons has three new Rubber Carbon Black products for creating more fuel efficient tires in response to consumer demand and federal standards for vehicle fuel economy. These grades offer reduction in rolling resistance via narrow particle size distributions and lower sidewall hysteresis; and lower air permeation through the inner liner for better tire inflation consistency
Orion Engineered Carbons: Price Increases of Rubber Carbon Black - North America Link...
KINGWOOD, Texas, May 25, 2016 – Orion Engineered Carbons LLC announced today that effective with shipments beginning July 1, 2016, Orion is increasing prices on all Rubber Black grades sold by its Rubber Carbon Black Business Line in North America.
Price increases are due to operating expenses and the cost required to meet more stringent customer quality standards, invoice prices for Rubber Carbon Blacks will be adjusted by 6%, to the extent in line with existent contracts and agreements. These invoice price changes will apply besides respective raw material adjustments. Orion will also change its standard packaging surcharges effective July 1, 2016. Further adjustments may be implemented for certain special Rubber Black grades on an individual basis.
Orion Engineered Carbons: 2016 Q1 Results Link...
Volumes up 9.9% versus YOY quarter, revenue down by 44.1 million Euro versus YOY quarter.
Strong performance in speciality carbon black and difficult market conditions in the rubber black business. Focus is on moving to higher value added products, such as technical rubber goods while improving efficiency in tire carbon blacks and addressing feedstock pricing issues via dialogue with customers.
Orion Engineered Carbons: 2016 Q1 Results Link...
All Segments: QOQ revenue decreased by 44 MM€ due to index linked customer pricing. YOY volumes increased in both segments with a 9.9% increase in total. Speciality blacks peformed with a YOY 6.4% Adj EBITDA increase to 35.5% resulting from volume increase, lower material costs and an improved price versus material cost ratio. Net profit was down QOQ 13.4 MM€ vs 14.8 MM€ due to the impact of restructuring expense.
March (2016)
Orion Engineered Carbons: 2015 FY Results Link...
All Segments: YOY revenue decreased by 206.6 MM€ (15.7%) due primarily to pass on of lower feedstock costs due to contracted sales with some minor impact from product mix.
Volume increased by 44.3 kMT (4.5%) primarily due to increases in volumes of speciality products in Europe and Asia. Lower cost of sales relative to revenue for all segments gave a postive impact on profit.
Gross profit increased by 19.2 MM€ (6.4%) to 301.1 MM€.
February (2016)
Orion Engineered Carbons: Introduce Oil Index Surcharge for European Rubber Carbon Black Link...
Orion Engineered Carbons have introduced an oil index surcharge in response to conintued volatility in the energy markets. The surcharge will supplement existing formula based price agreements.
November (2015)
Orion Engineered Carbons: HB Chemical to Distribute Orion Engineered Carbons Products Link...
KINGWOOD, Texas, Nov. 24, 2015 – Orion Engineered Carbons LLC and HB Chemical Corporation have signed a letter of intent to establish HB Chemical as a distributor for Orion Rubber Carbon Black products in North America. The companies expect to finalize the arrangement in the next 30 days.
October (2015)
Orion Engineered Carbons: Acquires Evonik & DEG Shares in Qingdao Evonik Chemical Co Link...
Orion Engineered Carbons S.A. (Orion) (NYSE: OEC) and Evonik Industries AG (Evonik) today announced agreements on transactions where Orion will acquire Evonik’s 52% percent stake as well as Deutsche Investitions- und Entwicklungsgesellschaft mbH’s (DEG) 15% stake in Qingdao Evonik Chemical Co., Ltd. (QECC).
Orion Engineered Carbons: Introduces New Rubber Carbon Blacks to Improve Fuel Efficiency & Tread Performance Link...
KINGWOOD, Texas, Oct. 1, 2015 – At the International Elastomer Conference in Cleveland October 12 to 15, Orion Engineered Carbons (Booth 1348) will introduce to the U.S. market two new rubber Carbon Blacks designed to reduce rolling resistance thereby increasing fuel efficiency in truck tire carcass compounds. ECORAX® S 204 and ECORAX® S 206 are targeted for new generations of tire designs to help meet increased EPA fuel economy targets for passenger cars and support the SmartWay technology program for trucks.
Orion Engineered Carbons: Introduces SABLE Line - Clean Carbon Blacks for Extrusion Link...
Orion will introduce the latest additions to its SABLE(TM) line of clean Carbon Blacks for extrusion and high quality molding applications. New SABLE(TM) HS 6600, SABLE(TM) HS 7720 and SABLE(TM) HS 7740 grades allow rubber compounders to fine-tune properties to meet critical customer requirements.
August (2015)
Orion Engineered Carbons: Increasing price of speciality carbon blacks Link...
KINGWOOD, Texas, Aug. 21, 2015 – Orion Engineered Carbons is announcing price increases of up to 8% on its Specialty Carbon Blacks effective October 1st, 2015. These price increases will allow Orion to maintain the service level and supply of high quality Specialty Carbon Blacks to its customers worldwide. Orion is committed to an ongoing review of costs and market issues and will inform customers regularly of changes
Orion Engineered Carbons: Increasing price of rubber carbon blacks Link...
KINGWOOD, Texas, Aug. 6, 2015 – Orion Engineered Carbons announced today that effective with shipments beginning September 15, 2015, Orion is increasing prices on all carbon blacks sold by its Rubber Carbon Black Business Line segment. Additional increases (above applicable raw material adjustments) range from 6% in North America to 12% in South America.
December (2013)
Orion Engineered Carbons: Ceasing Production at Sines Portugal Link...
Frankfurt, Germany − Following a review of its European carbon black operations, Orion Engineered Carbons GmbH will cease production at its Sines, Portugal facility by the end of 2013 affecting immediately about 36 of the 40 positions at the plant. The press release said that the shutdown will take place while investments are being made in the company’s other carbon black plants. The restructuring investments will increase manufacturing efficiencies enabling Orion to better meet customer needs in response to today’s highly competitive environment dominated by volatile raw material and high energy costs.According to Clem, once manufacturing has ceased the plant would continue to ship carbon black products until depletion of existing stocks to fulfill existing customer commitments. After this, the site will be deactivated. Sines is a municipality located exactly in the centre of the southwest coast of Portugal, 150km from Lisbon. The facility began operations in 1983 as Carbogal Carbonos de Portugal SA owned by Petrogal [now Galp Energia]. It was purchased by Orion Engineered Carbons predecessor Degussa AG, from whom it licensed its technology, in 1997.
May (2012)
Orion Engineered Carbons: Price Increase for Carbon Black and Pigment Preparations Link...
Orion Engineered Carbons has increased prices for carbon black and pigment preparations by $0.15/lb for deliveries to the Americas. Imported pigment prices will increase by up to 9% effective 1st May 2012.
April (2012)
Orion Engineered Carbons: Price Increase for Carbon Black Pigments and Preparations Link...
Orion Engineered Carbons has announced price increases of up to 9% for carbon black pigments and preparations. These price increases are for Europe, Asia, Africa and Middle East and are effective from 15 April 2012.
October (2011)
Orion Engineered Carbons: Price Increases for EMEA and Americas Link...
Orion Engineered Carbon announce price increases of 180 Euro/MT for EMEA , Middle and South America and $0.11 /lb for North America.
July (2011)
Orion Engineered Carbons: Evonik Degussa Sell Carbon Black Business to Rhone Group Link...
Evonik Degussa sold its carbon black business to Rhone Group also joined by Triton Capital in the acquisition. Orion Engineered Carbons is established as the carbon black company.
Orion Engineered Carbons: Closure of Botlek Plant, The Netherlands. Link...
Orion Engineered carbon complete closure of the Botlek plant.
April (2011)
Orion Engineered Carbons: Global Price Increase Announced Link...
Evonik Carbon Black is increasing prices for Carbon Black and Carbon Black Preparations by up to 200 Euro/MT for all global locations. The price increase is effective from 1st Aprill 2011.
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