Olin Corp. has reduced chlor alkali production capacity at its Niagara Falls plant by 20 percent since the beginning of this year as part of a series of cutbacks by the chemical manufacturer.
Production capacity at the Niagara Falls plant was reduced to 240,000 tons of chlor alkali from 300,000 tons earlier this year. The Niagara Falls plant also continues to make industrial bleach and hydrochloric acid.
The cutback is part of a restructuring of Olin’s chlor alkali business that also includes the shutdown of a plant in Henderson, Nev., and a reduction in the capacity of another factory in Freeport, Texas.
In all, the cutbacks at all three sites will reduce Olin’s chlor alkali production capacity by 433,000 tons.
About 100 people will lose their jobs at the Nevada factory, Olin said. However, no job cuts are planned for the Niagara Falls plant, which had more than 200 employees last year, the company said. Olin plans to convert the Nevada plant to manufacture bleach and distribute caustic soda and hydrochloric acid. The company said in a statement it “remains committed” to maintaining and growing its position as the leading supplier of bleach in North America.
To pay for the cutbacks in its chlor alkali business, Olin said it will take a $95 million restructuring charge during the first quarter.