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Olin to reduce chlor alkali capacity, cut 100 jobs in Nevada

Mar. 21, 2016 8:19 AM ETOlin Corporation (OLN) StockBy: Carl Surran, SA News Editor
  • Olin (NYSE:OLN) says it will close its chlor alkali plant in Henderson, Nev., cutting 100 jobs, as it looks to reduce chlor alkali production capacity, and take a related $95M charge in its Q1 as a result of the restructuring.
  • OLN says the plant closure will reduce chlor alkali manufacturing capacity by 153K tons, part of its plans to cut capacity by 433K tons across three locations.
  • The Henderson facility will be reconfigured to manufacture bleach and distribute caustic soda and hydrochloric acid.

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