Olin Considering Shutting Plant

Olin Corp. is considering the possible closure of its bass manufacturing facility in Indianapolis, Ind. The plant manufactures copper and copper alloy sheet and strip products and employs approximately 200 people. Olin is evaluating the potential closure of this facility because of continuing depressed conditions in many of the markets that Olin Brass serves.

Commenting on the possible closure, Joseph D. Rupp, president and CEO of Olin Corporation, stated, “The potential decision to close our Indianapolis operation is obviously a difficult one. However, Olin has always dedicated itself to optimizing its manufacturing capabilities. We believe that, given current conditions in the market segments we serve, Olin’s main facility in East Alton could more efficiently meet our customers’ needs.”