OLIN ANNOUNCES REDUCTION OF BLEACH CAPACITY

Olin Corporation (NYSE: OLN) has announced the discontinuation of bleach manufacturing at its Tracy, CA facility, effective June 30, 2022.

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(Moderate)

Rhea-AI Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Olin Corporation (NYSE: OLN) has announced the discontinuation of bleach manufacturing at its Tracy, CA facility, effective June 30, 2022. This decision reflects a strategic shift in the company's operations. Olin is a prominent manufacturer of chemical products, including bleach, and is also recognized for its ammunition production. The move may impact the company's product offerings and market positioning within the chemical sector.

Positive

Focus on strategic operational adjustments.

Negative

Discontinuation of bleach manufacturing may reduce market presence in that segment.

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News Market Reaction – OLN

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01/19/2022 - 08:00 PM EST

CLAYTON, Mo., Jan. 19, 2022 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced today that it will discontinue bleach manufacturing at its Tracy, CA facility by June 30, 2022.

COMPANY DESCRIPTION

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.

2022-02

View original content to download multimedia:https://www.prnewswire.com/news-releases/olin-announces-reduction-of-bleach-capacity-301464421.html

SOURCE Olin Corporation

FAQ

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What did Olin Corporation announce on January 19, 2022?

Olin Corporation announced the discontinuation of bleach manufacturing at its Tracy, CA facility by June 30, 2022.

How will the discontinuation of bleach manufacturing affect Olin Corporation?

The discontinuation may reduce Olin's market presence in the bleach segment, impacting its overall product offerings.

When will Olin Corporation stop producing bleach?

Olin Corporation will cease bleach production on June 30, 2022.

What products does Olin Corporation manufacture?

Olin produces a variety of chemical products, including chlorine, caustic soda, vinyls, chlorinated organics, and ammunition.

OLIN ANNOUNCES REDUCTION OF BLEACH CAPACITY