Orion reports sharp declines in rubber black sales

Houston, Texas – Orion Engineered Carbons has posted decreases in first quarter rubber black sales and volumes and expects a larger Covid-19 impact on the segment in the second quarter.

Rubber carbon black volumes decreased by 11%, year on year to 177 kilotonnes, over the three months to end of March, due to “a sharp decline” in sales as tire and auto manufacturers idled plants from mid-March.

Read the source article at European Rubber Journal

Orion Engineered Carbons S.A. Announces First Quarter 2020 Financial Results

HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, today announced its first quarter 2020 financial results.

First Quarter 2020 Highlights

  • Rapidly implemented business continuity plan and took actions to protect our employees and our production capability, support our customers, ensure supply chain stability and enhance our financial standing
  • Enhanced financial flexibility by suspending dividend and bolstering cash position
  • Net sales of $336.0 million compared to $384.7 million in the first quarter of 2019
  • Net Income of $18.0 million and basic EPS of $0.30 compared to $19.0 million and $0.32 in the first quarter of 2019
  • Adjusted EBITDA1 of $63.8 million compared to $64.6 million in the first quarter of 2019
  • Adjusted Net Income of $26.6 million and Adjusted EPS1 of $0.44 compared to $23.8 million and $0.40 in the first quarter of 2019
  • Leverage ratio of 2.49x LTM Adjusted EBITDA compared to 2.28x at year-end 2019

Read the source article at businesswire.com

Tokai Carbon raises carbon black price

Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.

Read the source article at Tyrepress

Cabot cuts rubber-blacks production in Europe

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Boston, Massachusetts – Cabot Corp. has reduced rubber-black volumes in Europe in response to soft market conditions and “aggressive pricing,” the company has informed ERJ.

“We opted not to pursue certain contracts [in Europe] due to the pricing structure, meaning we do not have to manufacture for those contracts,” Cabot explained in a 19 Feb written statement.

Read the source article at European Rubber Journal

Cabot Corp (CBT) Q1 2020 Earnings Call Transcript

CBT earnings call for the period ending December 31, 2019. Feb 4, 2020 at 7:00PM …

Steve Delahunt — Vice President of Treasury and Investor Relations

Thank you, and good afternoon. I’d like to welcome you to the Cabot Corporation earnings teleconference. With me today are Sean Keohane, CEO and President; and Erica McLaughlin, Senior Vice President and CFO.

Last night, we released results for our first quarter of fiscal year 2020, copies of which are posted in the Investor Relations section of our website. 

Read the source article at Fool.com

Cabot starts first phase of $100m Indonesian expansion

Boston, Massachusetts – Cabot Corp. has broken ground on an expansion project at its carbon black manufacturing plant in Cilegon, Indonesia, the company announced 21 Nov.

The phase 1 of the project will add 80 kilotonnes per annum (ktpa) of capacity at the site, which produces rubber black grades within Cabot’s reinforcement business.

The product, said Cabot in a written statement to ERJ, is primarily used for tire applications.

Read the source article at European Rubber Journal

Bridgestone begins manufacturing tires using recycled carbon black

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DES MOINES, Iowa — Bridgestone Americas Inc. has begun at-scale use of recovered carbon black (rCB) in tire production, beginning with its agricultural tire plant in Des Moines, the company said recently.

Bridgestone has a long-standing partnership with Natchez, Miss.-based Delta-Energy Group L.L.C. and is using Delta-Energy’s proprietary product, D-E Black, as its sole source of rCB in Des Moines, Bridgestone said.

Read the source article at Tire Business

Cancarb president has high hopes for business

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CLEVELAND—Peter Donnelly, the new president of Cancarb, was appointed to the post at the time the company began a 20 percent expansion of production capacity at its thermal carbon black manufacturing plant in Medicine Hat, Alberta.

Read the source article at Rubber and Plastics News

Cabot reports lower profits in challenging environment

Boston, Massachusetts – Cabot Corp. has posted a 4.8% decline in earnings for its reinforcement materials segment for the financial year ended 30 Sept, due mainly to the challenging Chinese business environment.

Earnings for the segment, which supplies rubber and speciality carbon blacks for the rubber and plastics industries, fell to $266 million (€240 million) during the 12-month period, on 22.5% higher sales of $1.8 billion, Cabot reported 5 Nov.

Read the source article at European Rubber Journal

Orion to introduce carbon blacks that improve tire fuel efficiency

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HOUSTON—Orion Engineered Carbons will debut a novel surface-modified carbon blacks for rubber applications at the International Elastomer Conference in Cleveland on Oct. 9.

Read the source article at Rubber and Plastics News