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.
