Orion rubber-black sales, earnings up sharply

Luxembourg – Orion Engineered Carbons SA has posted a 25.6% year-on-year rise in earnings (adjusted EBITDA) to $35.7 million (€30.4 million) for its Rubber Blacks business, on first quarter sales 27.4% higher at $265.0 million.

Industry demand for rubber carbon black remained strong in the three months to 31 March, as sales volumes increased 4.3% to 217.0 kilotonnes, said the group’s 17 May quarterly results statement.

Orion linked the higher volumes to increased demand in Europe, South Korea and China, though a “restriction of capacity” on standard rubber…

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