Orion S.A., a global specialty chemicals company, announced plans to streamline its production operations by discontinuing three to five carbon black production lines at its facilities in the Americas and EMEA by the end of 2025. This move aims to focus the company's maintenance investments on higher-performing lines, enhancing their reliability and productivity while rationalizing underperforming assets. Orion CEO Corning Painter stated that this decision is intended to boost free cash flow. The company also aims to address challenges posed by U.S. tariffs, the EU anti-dumping investigation, and changes in the tire manufacturing industry in both regions.
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