WILMINGTON, DE., June 29, 2017 – The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, announces the first sales of Opteon™ YF (R-1234yf) 12oz service cans in the United States.
The new Opteon™ YF cans provide a convenient and cost effective way for automotive technicians to service vehicles specifying R-1234yf. Coinciding with this launch, durable left-hand thread can taps, specifically designed for Opteon™ YF pierce top cans, are also available. It is estimated that vehicles using YF will ramp-up to over 50 million on the road globally by the end of 2017 and over 80 million by 2018.
“We are excited to be first to market in the United States with our Opteon™ YF (R-1234yf) 12oz can offering, complete with compatible can tap,” said Mike McMenamin, US Market Segment Leader for Automotive Refrigerants. “This launch of our expanded Opteon™ YF offering follows through on our commitment from the 2016 AAPEX Show, and provides aftermarket service shops a way to ensure they are ready to properly service the new cars coming into their shops.”
Opteon™ YF cans and compatible can taps are available at leading auto suppliers nationwide.
Chemours is the world’s leading producer of HFO-1234yf and the company’s world class facilities allow it to help meet the growing needs of the industry for high quality, sustainable automotive refrigerants. Chemours is in the process of tripling their HFO-1234yf capacity with the ongoing construction of a largescale manufacturing facility at their Corpus Christi site in Ingleside, Texas, with start-up expected in third quarter 2018.
The Opteon™ portfolio of refrigerants from Chemours represents a breakthrough line of low GWP solutions. They were developed to help meet increasing global HFC regulations while maintaining or improving performance compared to incumbent products. Chemours has invested millions of dollars to bring these new products to market and will continue to invest in new products and additional capacity as the need for low GWP solutions grows throughout the world.
For more information, including where to buy, visit us at Opteon.com.
About The Chemours Company
The Chemours Company (NYSE: CC) helps create a colorful, capable and cleaner world through the power of chemistry. Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and general industrial manufacturing. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™, and Nafion™. Chemours has approximately 7,000 employees and 26 manufacturing sites serving approximately 4,000 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC. For more information please visit chemours.com or follow Chemours on Twitter at @chemours.
This press release contains forward-looking statements, which often may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. These forward-looking statements address, among other things, our anticipated future operating and financial performance, business plans and prospects, transformation plans, resolution of environmental liabilities, litigation and other contingencies, plans to increase profitability, our ability to pay or the amount of any dividend, and target leverage that are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. The matters discussed in these forward-looking statements also are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements, as further described in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended December 31, 2016. Chemours undertakes no duty to update any forward-looking statements.
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Maria X. Chacon
Sr. Global Marketing Communications Consultant
Treasurer & Director of Investor Relations