On June 20, olin announced 2023 of the 2nd quarter newest look into. Olin 2023 year the EBITDA after the 2nd quarter is adjusted predicts to will be in 350 to 360 million dollar between. This number is small at anticipating before this, because time of stop production of factory of chloric ethylene monomer lengthens the effect that causes about 50 million dollar,basically be, in addition, because market situation is exasperate, the market of Olin is participated in rate is inferior. The Texas nots the mill of chloric ethylene monomer that Li Bo plans especially safeguards overhaul factory to need about 7 weeks to adjourn, bring about the fixed production cost that did not absorb to increase, the gain that sale loss causes decreases and cost of have enough to meet need raises. Factory of chloric ethylene monomer already resumed operation with inferior speed. Olin still announces a decisionSuspend all operation of factory of Korea chelonian end, Reduce a Texas to not the epoxy resin of factory of Li Bo spy and upper reaches are produced can, andReduce us to be configured in Asian sale and supportive staff. Of Olin outstanding achievement of the 2nd quarter predicted to include what plan relevant about 12 million dollar with these to recombine charge 2023, make an appointment with 6 million dollar to reduce cost cost to be not cash assets among them. The cash portion of these charge predicts to will pay in next year. “The recombines the action to will complete epoxy resin professional work dimensions that announced on March 21, 2023 is adjusted, predict from 2023 the fourth quarter begins, year EBITDA will achieve the improvement of 50 million dollar, continue the level that we reach promotion of income of epoxy resin business to be able to last more. Act through these, the ability of asset of global epoxy resin that we will configure us in order to increase gain capacity, answer prospective economic depression. ” president, president holds say of presiding apparitor Scott Sutton concurrently. “ business of our two chemical industry continues to face the demand environment that is full of a challenge. Our group is dedicated still at showing the flexibility of our triumph model and ability, compare with the historical method photograph of Olin, can offer the EBITDA after showing taller adjustment cereal is worth a level. ”

Olin 2023 year first quarter epoxy resinSale is 360.7 million dollar, and 2022 it is 789.5 million dollar first quarter, compared to the same periodDrop 54%. The main reason that epoxy resin sale drops is sales volume drops 31% , and different third benzene and sale of double phenolic A drop 184.7 million dollar. Be in accordingly on March 21, olin makes a decision, suspend the operation that its are in the Cumene factory of Holand Terneuzen, the solid epoxy resin that also stops its to be in the factory of Guaruja of Korea Gumi and Brazil additionally is produced. Income of business of Olin epoxy resin glided last year, stopped to be located in the production of integrated epoxy resin of Stade factory of Germany in March first half of the year, still cut down its to be located in Dekesasi at the same time the production that the epoxy resin of Freeport and Brazilian Guaruja factory and investment of relevant upper reaches taste, german factory just will resume the same year in May production.