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Orion rubber black earnings up 24% despite lower volumes

Luxembourg – Improving profitability at its Rubber Carbon Black unit lifted second-quarter earnings (adjusted EBITDA) at Orion Engineered Carbons SA to €58.4 million on group sales up 20.7% to €299.3 million.

While earnings at its Specialty Carbon Black unit fell 10.0%, the rubber fillers business “continued to improve” raising adjusted EBITDA by 23.6% from last year’s second quarter to €23.6 million, Orion announced 3 Aug.

The mixed performances left adjusted EDITDA at the Luxembourg-headquartered group up by just 1.1% year-on-year to $58.4 million.

The earnings gain at the Rubber Carbon Black…

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