Orion Engineered Carbons SA (OEC) said that it is increasing prices for all rubber carbon blacks sold in US, by five cents (5¢) per pound, effective 1 September.
In addition, Orion announced the stopping of one rubber carbon black production line at its Orange, Texas facility, effective at year end. Orion is taking this action because current price levels of rubber carbon blacks in North America do not adequately address the costs of maintaining this production capacity. The company is assisting affected customers through the appropriate transition plans.
“We are increasing prices in order to continue the substantial investments in our North American rubber black production network essential to sustain safety of supply. This increase in pricing and the investments in production are necessary to ensure our long-term supply capability,” said Chris Erickson, Orion’s vice president, rubber carbon black business line, Americas.
Orion Engineered Carbons SA (OEC) said that it is increasing prices for all rubber carbon blacks sold in US, by five cents (5¢) per pound, effective 1 September.
In addition, Orion announced the stopping of one rubber carbon black production line at its Orange, Texas facility, effective at year end. Orion is taking this action because current price levels of rubber carbon blacks in North America do not adequately address the costs of maintaining this production capacity. The company is assisting affected customers through the appropriate transition plans.
“We are increasing prices in order to continue the substantial investments in our North American rubber black production network essential to sustain safety of supply. This increase in pricing and the investments in production are necessary to ensure our long-term supply capability,” said Chris Erickson, Orion’s vice president, rubber carbon black business line, Americas.
No comments:
Post a Comment