orion-plant3

Orion earnings dip on hurricane, feedstock mix

Luxembourg – Orion Engineered Carbon has reported a decline in third-quarter earnings from its rubber carbon blacks business despite continued strong demand.

During the three months to 30 Sept, volumes declined by 5.1%, to 206.3 kilotonnes , compared to the same period last year.

The declines were due to the closure of our manufacturing facility in France, the impact of hurricane Harvey and the ongoing conversion of capacity in South Korea, said Orion.

Nevertheless, third quarter revenues from the rubber blacks unit increased 8.3% to €178.6 million compared to the third quarter of 2016

The…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with