Olin Corporation Hit with $75 Million Charge After Shintech Lawsuit Verdict

Reuters
Yesterday
Olin Corporation Hit with $75 Million Charge After Shintech Lawsuit Verdict

Olin Corporation announced it will take a one-time, pre-tax charge of $75 million in the fourth quarter of 2025 following a jury verdict in favor of Shintech Incorporated in a litigation matter. The lawsuit, filed by Shintech in April 2023, stemmed from a pricing dispute, a 2023 maintenance turnaround at a vinyl chloride monomer plant, and a disputed force majeure event related to Olin’s supply of VCM to Shintech under a long-term contract. After three years of litigation, the jury ruled in favor of Shintech on February 10, 2026. Olin expects to pay approximately $185 million, including previously accrued reserves, during the first half of 2026 as a result of this matter. The company stated that fourth quarter 2025 adjusted EBITDA will exclude this non-recurring charge.

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