Orion sales, profits up despite lower volumes

Houston, Texas – Orion Engineered Carbons has seen fourth quarter 2018 sales and profits rise within its rubber blacks business, helped by base price increases and product mix.

Revenue rose by $34.8 million (€30.8 million), or 15.5% year-on-year, to $259.1 million in the three months to end of December 2018.

Lower volumes and foreign exchange impact partially offset the pass through of higher feedstock costs to customers, product mix and base price increases in the 2018 agreements, Orion announced 7 March.

Volumes declined 7.1% to 195 kilotonnes for…

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