{"id":509089,"date":"2021-07-01T16:14:03","date_gmt":"2021-07-01T20:14:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/olin-enters-into-agreement-with-ashta-to-purchase-and-sell-chlorine\/"},"modified":"2021-07-01T16:14:03","modified_gmt":"2021-07-01T20:14:03","slug":"olin-enters-into-agreement-with-ashta-to-purchase-and-sell-chlorine","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/olin-enters-into-agreement-with-ashta-to-purchase-and-sell-chlorine\/","title":{"rendered":"Olin Enters into Agreement with ASHTA to Purchase and Sell Chlorine"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n CLAYTON, Mo.<\/span>, July 1, 2021<\/span> \/PRNewswire\/ —\u00a0Olin Corporation (NYSE: OLN) announced today it has entered into an agreement with ASHTA Chemicals, Inc. to purchase and sell the chlorine produced at ASHTA’s Ashtabula, OH<\/span> facility.\u00a0Existing contracts will be honored for chlorine customers of both companies.<\/p>\n

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“This agreement provides the opportunity to optimize logistics across the Olin and ASHTA portfolio, reducing the number of miles chlorine travels to get to customers and overall transportation costs while increasing the security and flexibility of supply within the growing Olin network. Olin has unmatched expertise in the safe and efficient delivery of chlorine,” said Damian Gumpel<\/span>, Vice President and President, Chlor Alkali Products & Vinyls.<\/p>\n

“We are excited to work with Olin as this agreement allows each company to focus on its strengths, which for ASHTA is the production of potassium hydroxide (KOH) for our growing customer base,” said Brad Westfall<\/span>, President and CEO of ASHTA. <\/p>\n

ASHTA Chemicals, Inc. is a leading manufacturer of potassium hydroxide (KOH) with headquarters and production facilities in Ashtabula, Ohio<\/span>.<\/p>\n

\n COMPANY DESCRIPTION<\/b>\n <\/p>\n

Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition.\u00a0 The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid.\u00a0 Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.<\/p>\n

Visit www.olin.com<\/a> for more information on Olin.<\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/b>\n <\/p>\n

This communication includes forward-looking statements.\u00a0 These statements relate to analyses and other information that are based on management’s beliefs, certain assumptions made by management, forecasts of future results, and current expectations, estimates and projections about the markets and economy in which we and our various segments operate.\u00a0 The statements contained in this communication that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties.<\/p>\n

We have used the words “anticipate,” “intend,” “may,” “expect,” “believe,” “should,” “plan,” “outlook,” “project,” “estimate,” “forecast,” “optimistic,” and variations of such words and similar expressions in this communication to identify such forward-looking statements.\u00a0 These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control.\u00a0 Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements.\u00a0 We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.\u00a0 The payment of cash dividends is subject to the discretion of our board of directors and will be determined in light of then-current conditions, including our earnings, our operations, our financial conditions, our capital requirements and other factors deemed relevant by our board of directors.\u00a0 In the future, our board of directors may change our dividend policy, including the frequency or amount of any dividend, in light of then-existing conditions.<\/p>\n

The risks, uncertainties and assumptions involved in our forward-looking statements, many of which are discussed in more detail in our filings with the SEC, including without limitation the “Risk Factors” section of our Annual Report on Form 10-K for the year ended\u00a0December 31, 2020 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021<\/span>, include, but are not limited to, the following:<\/p>\n

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\n Business, Industry and Operational Risks<\/u>
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