Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali
Olin's Earnings Boosted by Strong Chlor-Alkali Pricing
8:53 AM MDT | October 28, 2011 | Lindsey Bewley
Olin reported third-quarter net income of $47.2 million up 48% from the year-ago quarter, on sales up 27%, to $550.2 million. Third quarter 2011 results included pretax environmental recoveries of $1.5 million, a pretax gain on the sale of real estate of $3.7 million, and pretax restructuring charges of $4.1 million associated with the conversion of the Charleston, TN chlor-alkali plant from mercury cell to membrane technology and the relocation of the company’s Winchester centerfire ammunition manufacturing operations. "Chlor-alkali third...
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