Olin: Agreement with Ashta to purchase and sell chlorine
Olin Corporation announced that it has entered into an agreement with Ashta Chemicals, Inc. to purchase and sell the chlorine produced at Ashta's headquarters and production facilities in Ashtabula, OH, USA. Olin said existing contracts will be honoured for chlorine customers of both companies. Olin is a global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition.
"This agreement provides the opportunity to optimise 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.