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Oct. 12, 2011

GOV. BARBOUR, OLIN OFFICIALS CELEBRATE OPENING OF COMPANY'S WINCHESTER CENTERFIRE OPERATIONS IN OXFORD

OXFORD – Gov. Haley Barbour, officials from Olin Corporation and local officials gathered today for a ribbon-cutting ceremony at the company’s new Winchester Centerfire facility in Oxford.

Olin Corporation announced in November 2010 it would expand its presence in Oxford by locating its Winchester Centerfire ammunition production lines into a new 500,000-square-foot facility in the Lafayette County Industrial Park. The project is a $100 million investment and will create 1,000 new jobs for the area by 2016.

"It is great to be in Oxford celebrating the opening of the Winchester Centerfire operations less than a year after Olin officials announced they were bringing 1,000 jobs to Mississippi," Gov. Barbour said. "I appreciate the commitment by Olin and the support provided by the Mississippi Development Authority, Lafayette County and the city of Oxford to bring Winchester Centerfire here."

"We are grateful for Gov. Barbour's leadership and the support from Lafayette County and the city of Oxford," said Thomas J. O’Keefe, president of Olin Corporation's Winchester Division. "This state-of-the-art facility will allow us to most effectively serve our customers and become an even bigger part of the Oxford community."

The Mississippi Development Authority worked closely with Olin Corporation and local officials to help bring the project to fruition. The agency provided assistance to Lafayette County through the Mississippi Industry Incentive Financing Revolving Fund for the construction of the building in which the Centerfire production lines are located. Additionally, Lafayette County provided the site for the facility, as well as site preparation assistance, in support of the project.

"It's great news to see a relatively new company to Mississippi expand its operations and create new jobs for the state’s workers," said MDA Executive Director Leland Speed. "I thank Olin Corporation for its investment in the state since the company first located here in 2005, and I wish the company many more years of success in Lafayette County."

Olin Corporation, incorporated in 1892, is headquartered in Clayton, Mo. The company is concentrated in two business segments: Chlor Alkali Products and Winchester. Chlor Alkali Products manufactures chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, potassium hydroxide and bleach products and is the third largest producer in the North American chlor alkali market.

Winchester is a major global supplier of sporting ammunition and is in its 145th year of operation; Winchester has been part of Olin for nearly 80 years. Winchester products include sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges. For more information, please visit the company's website at www.winchester.com.