Orion boss upbeat about rubber blacks business

Luxembourg – Orion Engineered Carbons has noted a marked improvement in its rubber carbon blacks business, which has been under pressure for the past few quarters, CEO Jack Clem said in a 4 Nov conference call about the company’s third quarter 2016 results.

In the third quarter, rubber black volumes at Orion grew 7.2% to 217 kilotonnes due mainly to contributions from its newly acquired Chinese business in Qingdao, Shandong. Sales fell 9.9% to €165 million on lower oil prices and resulting pass-through of lower feedstock…

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