HOUSTON—Citing a challenging macroeconomic environment, particularly in the automotive markets, Orion Engineered Carbons has revised it full year earnings forecast, lowering its anticipated earnings.
President & CEO of Carbon Black Inc (30-Year Financial, Insider Trades) Patrick Morley (insider trades) sold 79,380 shares of CBLK on 07/26/2019 at an average price of $19 a share. The total sale was $1.5 million.
Carbon Black Inc has a market cap of $1.36 billion; its shares were traded at around $19.00 with and P/S ratio of 5.31.
Birla Carbon will change all North America contract price formulas from August 1, 2019. The long-used index up to this date, U.S. Gulf Coast High Sulfur Fuel Oil, will change to U.S. Gulf Coast 0.5 percent Sulfur Fuel Oil. Feedstock to make carbon black is sourced from markets driven by marine fuel. This market is undergoing fundamental changes driven by regulations widely known as MARPOL 2020 or IMO 2020, which establishes the maximum allowable sulfur content in marine fuel at 0.5 percent. While this regulation is effective January 1, 2020, the supply chain is adjusting now.
This was the message representatives from three raw materials sectors—carbon black, natural rubber and synthetic rubber—had for attendees at “Driving to the Future,” the 2019 Tire & Rubber Summit sponsored by the Tire and Rubber Association of Canada.
The carbon black committee (D24) honored Wes Balentine with the Jeff Melsom Distinguished Service award, and the rubber and rubber-like materials committee (D11) recognized John Bailey with the Distinguished Service award, according to an ASTM news release.
The Boston-based company has been carrying out liquid mixing of elastomer composites at the site since 1995 and was under a 10-year exclusive technology license with Michelin until recently. In 2017, Cabot announced an investment to expand the elastomer composites product line to serve a broader customer base.
Representatives from Cabot Corporation’s elastomer composites leadership team recently met with members of the Malaysian Investment Development Authority about Cabot’s long-term growth plans in Port Dickson, Malaysia. In 1995, Cabot built the world’s first facility dedicated to liquid mixing of elastomer composites in Port Dickson and has continued to develop this revolutionary technology at that site.
Munich, Germany – Recovered carbon black (rCB) manufacturer Pyrolyx AG has progressed the engineering and tendering process of its second plant in Terre Haute, Indiana, the company has announced.
Construction on the unit, which will be build adjacent to the company’s existing facility, is expected to start in the third quarter of this year.
Pyrolyx expects the new plant to be “substantially similar” to its first tire pyrolysis unit, which is near completion, added its 30 April statement.
MMEC Mannesmann GmbH (MMEC), a global leader in engineering, procurement and construction (EPC) and Black Bear, the Dutch tyre to carbon black upcycling company, today announced a strategic partnership to accelerate the rollout of Black Bear’s technology to produce recovered Carbon Black (rCB) from end-of-life tyres.
Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of Specialty and High-Performance Carbon Black, today announced first quarter 2019 financial results.
First Quarter 2019 Highlights
- Net Income of $19.0 million and basic EPS of $0.32 versus $26.8 million and $0.45 in first quarter of 2018
- Adjusted EPS1 of $0.40
- Cash flow from operations of $26.2 million
- Total Carbon Black volumes decreased