Orion S.A. Announces Price Hike for Select Specialty Carbon Black Grades
- 07-Nov-2024 3:30 AM
- Journalist: Benjamin Franklin
Orion S.A., a leading global producer of specialty chemicals, has announced a price adjustment for all Specialty carbon black products manufactured in Europe, as well as for its NEROX® grades produced in South Korea. This change, effective January 1, 2025, or according to existing contractual agreements, reflects Orion’s response to increasing costs in feedstock and operations. The adjustment will vary by product and is intended to be customized for each customer based on the specific carbon black grade, production method, and regional location.
Orion’s CEO, Corning Painter, emphasized that these adjustments are essential for maintaining the company’s high standards of quality and innovation. “The price adjustments will ensure that Orion continues to supply the differentiated, high-quality Specialty products that customers want during this period of rising feedstock and operations costs,” said Painter. He added that the additional revenue would support Orion’s ongoing research and development efforts, allowing the company to introduce new products and solutions tailored to meet the evolving needs of their global customer base.
As a crucial component in various industries, specialty carbon black plays a key role in enhancing the durability, conductivity, and appearance of products ranging from automotive parts to electronics and coatings. Orion’s strategic price changes are positioned not only to sustain the consistent supply of these advanced materials but also to enable further technological advancements. The company is committed to continuing its investment in innovative product lines to ensure it meets both present and future market demands.
With these changes, Orion aims to balance the rising costs across its supply chain while remaining competitive and responsive to customer needs. This move reflects Orion’s strategy of reinforcing its commitment to quality, customer satisfaction, and sustainable growth in an increasingly challenging economic environment.
Orion S.A. is a prominent global provider of carbon black, a versatile carbon-based material available in powder or pellet form, tailored to meet precise customer requirements across numerous industries. Used in a wide array of high-performance applications, carbon black is essential in the production of tires, coatings, inks, batteries, plastics, and more. Its properties make it valuable for tinting, coloring, reinforcing materials, conducting electricity, enhancing durability, and providing UV protection.
With a legacy of over 160 years originating in Germany, Orion has established itself as an industry leader and innovator. The company operates the world’s oldest continuously running carbon black plant in Germany and maintains a strong global presence with 15 production facilities and four dedicated innovation centers. Orion’s extensive expertise and pioneering production methods enable it to offer one of the industry’s broadest ranges of carbon black manufacturing processes, ensuring that its products meet the exacting demands of its diverse client base.