Orion S.A. Opens Battery Innovation Center In Germany
Portfolio Pulse from Benzinga Newsdesk
Orion S.A. (NYSE:OEC) has opened a Battery Innovation Center in Germany to serve the growing lithium-ion battery industry. The center will accelerate Orion's product and process development. Orion will also establish a new specialized organization for its battery business, led by Dr. Adrian Steinmetz, who joins Orion from BASF. In the U.S., Orion is building a similar plant in La Porte, Texas, which will quadruple its manufacturing capacity for acetylene-based conductive additives.

September 21, 2023 | 8:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Orion's new Battery Innovation Center and expansion of manufacturing capacity in the U.S. could potentially boost its position in the lithium-ion battery industry.
The opening of the Battery Innovation Center and the expansion of manufacturing capacity in the U.S. shows Orion's commitment to the lithium-ion battery industry. This could potentially attract more customers and partnerships, leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100