Orion to close lines

Orion plans to discontinue production at three to five of its carbon black lines at multiple facilities in the Americas and EMEA by the end of 2025. CEO Corning Painter said this was “part of Orion's strategy to focus maintenance investments on higher-performing production lines – making them more reliable and productive – and to rationalise underperforming assets”. It is also intended to enhance free cash flow.

“Recently introduced US tariffs, the EU anti-dumping investigation and continued tyre capacity investment in both regions should help reverse the local tire manufacturing share loss,” Painter added. “However, given the uncertain timing of this recovery, we are choosing to take this action now.”