Olin lifts force majeure on caustic soda

Supply will remain limited though

By Dave Hannon -- Purchasing, 3/21/2008 10:13:00 AM

Chlor-alkali producer Olin Corp. has lifted its force majeure on caustic soda but said that production issues would cause lower capacity than normal.

Olin declared force majeure in February which contributed to a much tighter caustic soda market in the first quarter (see Caustic soda prices up on tight supply). During a period of maintenance outages, Olin is expected to operate under an order control program for caustic soda.

“The company will strive to return to a normal supply situation as soon as production and market conditions allow,” Olin said in a recent statement.

Olin also announced this month it would close a caustic soda plant in New Brunswick.