Olin Corp.

NYSE:OLN   3:59:50 PM EDT
49.20
+0.54 (+1.11%)
4:00:00 PM EDT: $49.24 +0.04 (+0.08%)
Debt Financing / Related, Layoffs, Other Pre-Announcement

Olin Announces Chlor Alkali Capacity Reduction

Published: 03/16/2021 13:02 GMT
Olin Corp. (OLN) - Olin Announces Chlor Alkali Capacity Reduction.
Olin Corp - Plans to Permanently Shut Down About 50% of Its Diaphragm-grade Chlor Alkali Capacity at Its Mcintosh, Alabama Facility.
Olin Corp - Closure at Alabama Facility is Expected to Be Completed by March 31, 2021.
Olin Corp - Capacity Reduction Action is Expected to Be Cash Flow Accretive.
Olin Corp - Olin's Q1 2021 Results Are Forecast to Include About $5 Million of Restructuring Charges Associated With Capacity Reduction Plan.