AG真人官方

Orion S.A. to rationalize production lines in Americas, EMEA

HOUSTON--(BUSINESS WIRE)-- Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced today it plans to discontinue production at three to five of its carbon black lines at multiple facilities in the Americas and EMEA by the end of 2025.

"This decision is part of Orion's strategy to focus maintenance investments on higher-performing production lines 鈥� making them more reliable and productive 鈥� and to rationalize underperforming assets,鈥� Orion CEO Corning Painter said. 鈥淭his move is also intended to enhance free cash flow."

Painter added, 鈥淩ecently introduced U.S. tariffs, the EU anti-dumping investigation and continued tire capacity investment in both regions should help reverse the local tire manufacturing share loss. However, given the uncertain timing of this recovery, we are choosing to take this action now.鈥�

About Orion S.A.

(NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers鈥� exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability and add UV protection. Orion has four innovation centers and produces carbon black at 15 plants worldwide, offering the most diverse variety of production processes in the industry. The company鈥檚 corporate lineage goes back more than 160 years to Germany, where it operates the world鈥檚 longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers鈥� needs to deliver sustainable solutions. For more information, please visit .

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

View source version on businesswire.com:

William Foreman

Orion S.A.

Director of Corporate Communications and Government Affairs

[email protected]

Direct: +1 832-445-3305

Christopher Kapsch

Orion S.A.

Vice President of Investor Relations

[email protected]

Direct: +1 281-318-4413

Source: Orion Engineered Carbons S.A.