Orion plans carbon black line closures in Americas & EMEA

Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced 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 – making them more reliable and productive – and to rationalize underperforming assets,” Orion CEO Corning Painter said. “This move is also intended to enhance free cash flow."

Painter added, “Recently introduced US 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.”

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ALCHEMPro News Desk (HU)