Olin Corporation (NYSE:OLN), a leading global manufacturer and distributor in the chemical industry, has officially announced its involvement in filing antidumping and countervailing duty petitions.

This legal move, made in conjunction with the U.S. Epoxy Resin Producers Ad Hoc Coalition, targets five countries: China, India, South Korea, Taiwan, and Thailand, over concerns related to certain epoxy resins.

Olin and its coalition partners argue that these countries have been engaging in unfair trade practices, significantly harming the domestic epoxy resin industry by dumping subsidized products at low prices.

These petitions, filed with both the U.S. Department of Commerce and the U.S. International Trade Commission, aim to address the injury faced by the U.S. industry due to these imports.

The company asserts that without adequate protections, the unfair pricing strategies of foreign producers could seriously undermine the sustainability of U.S. producers and negatively impact local economies and workers.