---
schema_version: "secwatch.filing_event.v1"
accession: "0000074303-23-000088"
form_type: "8-K"
ticker: "OLN"
cik: "0000074303"
company_name: "OLIN Corp"
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:39:11.627445+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Olin shuts three epoxy facilities, expects $57M restructuring charge in Q1 2023

## Summary
- Ceases Cumene operations in Terneuzen, Netherlands and solid epoxy resin production in Gumi, South Korea and Guaruja, Brazil.
- Q1 2023 restructuring charges of ~$57M, with $15M non-cash asset impairment and $42M cash charges over three years.
- CEO cites weak global epoxy demand and excess supply; says action reinforces commitment to lift earnings to sustainable level.
- Operations to cease by March 31, 2023; cash charges from contract termination and facility exit costs paid over three years.

## SEC filing metadata
- accession: 0000074303-23-000088
- form_type: 8-K
- ticker: OLN
- cik: 0000074303
- company_name: OLIN Corp
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74303/000007430323000088/0000074303-23-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74303/000007430323000088/oln-20230321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074303-23-000088
- JSON: https://secwatch.observer/filing/0000074303-23-000088.json
- Plain text: https://secwatch.observer/filing/0000074303-23-000088.txt

## Key facts
- Restructurings & Charges
  OLIN Corp announced a restructuring with charges of approximately $57 million affecting Olin’s Cumene facility in Terneuzen, Netherlands and the solid epoxy resin production at its facilities in Gumi, South Korea and Guaruja, Brazil.
  - Type: restructuring
  - Charge: approximately $57 million
  - Affected area: Olin’s Cumene facility in Terneuzen, Netherlands and the solid epoxy resin production at its facilities in Gumi, South Korea and Guaruja, Brazil
  source text: on March 21, 2023, management of Olin Corporation (“Olin”) approved a plan to cease operations at Olin’s Cumene facility in Terneuzen, Netherlands and the solid epoxy resin production at its facilities in Gumi, South Korea and Guaruja, Brazil. Olin plans to cease operations by March 31, 2023. In the first quarter of 2023, Olin expects to incur approximately $57 million of restructuring charges under this plan, of which approximately $15 million of these restructuring charges represent non-cash asset impairment of equipment and facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/74303/000007430323000088/0000074303-23-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.