Orion Engineered Carbons S.A. (NYSE:OEC) Q4 2022 Earnings Call Transcript

Corning Painter: Yes, so that obviously is, Chris, a positive for us, as is some of the bottlenecking we’ve done in that area. So that’s in our factors when we came forward with our guidance. But yes, that’s a net positive for and I think we’ll be for several years, you have to come. The whole issue of masterbatch, we know that one of our commanders also makes masterbatch, they brought back on their European line. And I think, for our customers who compete with them, that also probably in a little bit into some of the destocking we’ve seen this as they’ve come back in and oftentimes people reenter markets with price.

Chris Kapsch: Thanks for the color.

Corning Painter: All right. Thank you, Chris.

Operator: Thank you. At this time, I’ll turn the floor back to Corning Painter for closing remarks.

Corning Painter: Thank you, everyone, for joining us today. I’d like to leave you with this thought. Rubber Carbon Black is not the commodity so we seem to think it is. Yes, most of its sold to international ASTM standards, but is the differentiated chemical. Its largely a regional business rewarding local capacity, and it requires air emission permits, raw materials, in addition to a plant capable of making exacting grades. I would suggest that you look at this business based on the dynamics we’ve laid out on this call. Thank you very much for your time and have a good day.

Operator: This will conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.