Olin Business Model Changes
July 1, 2021
Olin Enters into Agreement with ASHTA to Purchase and Sell Chlorine
Jul. 01, 2021 4:10 PM ETPR NewswireOlin Corporation (OLN)
CLAYTON, Mo., July 1, 2021 /PRNewswire/ — Olin Corporation (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 facility. Existing contracts will be honored for chlorine customers of both companies.
“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, Vice President and President, Chlor Alkali Products & Vinyls.
“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, President and CEO of ASHTA.
ASHTA Chemicals, Inc. is a leading manufacturer of potassium hydroxide (KOH) with headquarters and production facilities in Ashtabula, Ohio.