Olin Declares Force Majeure, Cites Hurricane Beryl Impact

Olin Corporation has announced a temporary operational disruption at its Freeport, Texas facility due to Hurricane Beryl. As a result of significant hurricane-related damage, Olin has declared a system-wide Force Majeure for its Chlor Alkali Products & Vinyls division, as well as for its Aromatics shipments. The damage has severely impacted the company's production and logistics capabilities, including access to power, raw materials, and other critical feedstocks and services. This Force Majeure declaration underscores the extent of the disruption and the challenges Olin faces in restoring normal operations at its Freeport facility.

Olin facilities in Freeport are currently undergoing a thorough inspection and assessment to evaluate the full extent of the hurricane-related damage. A coordinated and strategic plan is being developed to ensure the safe and orderly return of these plants to service. This meticulous process involves close collaboration with engineers, safety experts, and operational teams to address all necessary repairs and safety protocols. The exact duration of this disruption remains uncertain, as it will depend on the findings of the assessment and the complexity of the required restoration work. Olin is committed to resuming operations as swiftly and safely as possible.

Olin's top priority remains the safety of its employees, their families, and the communities in which it operates. In response to the recent disruption, the company is taking all necessary precautions to ensure the well-being of everyone involved. Olin's strategy includes continuous communication with local authorities and strict adherence to the highest safety standards. The company is committed to providing support and resources to its employees and their families during this challenging time, reinforcing its dedication to their health and safety above all else.

Olin Corporation stands as a prominent vertically integrated global manufacturer and distributor, recognized for its diverse portfolio of chemical products and leadership in the U.S. ammunition manufacturing sector through Winchester. The company boasts a diversified chemical portfolio, including core products like chlorine, vinyls, epoxies, hydrogen, chlorinated organics, caustic soda, bleach, and hydrochloric acid. These products cater to a wide range of industries including water treatment, agriculture, pharmaceuticals, and consumer goods.

Winchester, a key subsidiary of Olin, operates advanced manufacturing facilities specializing in sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges, and clay targets. These products are integral to both recreational and professional shooting communities worldwide, emphasizing Winchester's role as a leading provider of high-performance ammunition solutions.

Olin Corporation's commitment to innovation, safety, and sustainability underscores its mission to deliver quality products and solutions while maintaining a strong focus on customer satisfaction and operational excellence across its diverse product lines.