Orion Engineered Carbons (NYSE:OEC), a leading global supplier of specialty and high-performance carbon black, announced today it will raise prices for all specialty carbon black customers.

The increase, which will be communicated individually with customers, will vary depending on the product, manufacturing process and location.

“Orion faces a sharp increase in raw material, operations and supply chain costs that makes this price adjustment necessary. It will enable us to continue to deliver reliable and sustainable solutions to our customers,” said Corning Painter, CEO of Orion.

The increased pricing will be effective for all shipments beginning April 1, 2022, or as contracts allow.

About Orion Engineered Carbons

Orion Engineered Carbons (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’ 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 innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

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