Olin To Shut Down Additional Chlor Alkali Capacity
CLAYTON, Mo., Oct. 21, 2021 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that it plans to permanently shut down the remaining diaphragm-grade chlor alkali capacity (approximately 200,000 Electrochemical Unit "ECU" tons) at its McIntosh, Alabama facility. The closure is expected to be completed by the end of third quarter 2022 and is in addition to the 200,000 ECU tons shut down at McIntosh in first quarter 2021.
"When this shut down is complete, Olin will have rationalized approximately 855,000 ECU tons of high-cost, low-value diaphragm-grade chlor alkali capacity since early 2021," remarked Scott Sutton, Olin Chairman, President, and Chief Executive Officer. "This action reinforces our commitment to lift our ECU values to a more sustainable level."
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
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SOURCE Olin Corporation
Company Codes: NYSE:OLN
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