OLN

Olin Corporation Declares Force Majeure After Hurricane Beryl

Olin Corporation (NYSE: OLN) has announced a temporary disruption of operations at its Freeport, Texas facility due to the impact of Hurricane Beryl. As a result, the company has declared a system-wide force majeure for its chlor alkali products & vinyls division products and aromatics shipments.

The disruption is attributed to hurricane-related damage to Olin facilities in Freeport, Texas, affecting the company's normal production and logistics capabilities, including access to power, raw materials, and other essential feedstocks and services. The duration of this disruption is uncertain.

Olin Corporation's number one priority remains the safety of its employees, their families, and the communities in which the company operates.

Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products, including chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Additionally, the company is a leading U.S. manufacturer of ammunition, with principal manufacturing facilities producing and distributing various types of ammunition and components.

For more detailed financial information and metrics, please visit www.olin.com. As a result of these announcements, the company's shares have moved 2.0% on the market, and are now trading at a price of $46.44. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS