Olin Lifts Systemwide Force Majeure On Chlor-Alkali Products Declared On Jul. 24, Says Chlor-Alkali And Derivative Production Has Been Returned To Operation
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation has lifted the systemwide force majeure on its chlor-alkali products, which was declared on July 24. The production of chlor-alkali and its derivatives has resumed normal operations.
August 28, 2024 | 12:31 pm
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Olin Corporation has lifted the force majeure on its chlor-alkali products, indicating a return to normal production operations. This development is likely to have a positive impact on Olin's stock price in the short term.
The lifting of the force majeure suggests that Olin has resolved the issues that led to the production halt, which should restore supply and potentially improve financial performance. This is likely to be viewed positively by investors, leading to a potential increase in stock price.
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