Business Wire 7-Dec-2017 4:30 PM
LUXEMBOURG--(BUSINESS WIRE)-- Orion Engineered Carbons S.A. (NYSE: OEC) (the Company or Orion), a worldwide supplier of specialty and high-performance Carbon Black, announced today that it has completed construction of a new Carbon Black production line at its plant in Yeosu, South Korea, to produce specialty products. The line started production on November 23rd and has begun commercial sales.
This new line in Yeosu will produce premium grades of Specialty Carbon Black for demanding customer applications such as automotive coatings, engineered plastics, printing inks and adhesives & sealants, said Jack Clem, Orions Chief Executive Officer. It is another step in Orion Engineered Carbons ongoing transition to higher value added products for specialty and technically demanding rubber applications.
The Yeosu Plant has also just completed a major upgrade to a Technical Rubber Carbon Black production line. This line too is back in commercial production.
These projects are major components of the consolidation of the Bupyeong [Incheon] Plant into the Yeosu facility. The transition is on track to be completed by July 2018.
For further information contact Mr. Michael Hu, Vice President, Business Line Specialty Carbon Black, Asia Pacific (Michael.E.Hu@orioncarbons.com).
Orion is a worldwide supplier of Carbon Black. We produce a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion runs 14 global production sites and four Applied Technology Centers. The group has approximately 1,457 employees worldwide. For more information visit our website www.orioncarbons.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171207005951/en/
Orion Engineered Carbons S.A. Investor RelationsDiana Downey, +1 832-589-2285
Source: Orion Engineered Carbons S.A.
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