On October 24, 2013, DuPont announced its intention to separate its Performance Chemicals segment, which includes its titanium technologies, fluoroproducts, and chemical solutions businesses, from the other businesses of DuPont. This separation took place on July 1, 2015, and was effected by a distribution of Chemours common stock on a pro rata basis to DuPont stockholders. This created a new, independent, publicly traded company named The Chemours Company (Chemours).
Chemours is a leading global provider of performance chemicals through three reporting segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. Our Titanium Technologies segment is the leading global producer of titanium dioxide (TiO2), a premium white pigment used to deliver opacity. Our Fluoroproducts segment is a leading global provider of fluoroproducts such as refrigerants and industrial fluoropolymer resins. Our Chemical Solutions segment is a leading North American provider of industrial and specialty performance chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries.
Chemours has thousands of employees around the world and its businesses generated sales of $5.7 billion in 2015. Chemours operates in 35 production facilities located in 11 countries and serves several thousand customers in more than 130 countries.
Chemours is a separate company from DuPont, and DuPont did not retain any ownership interest in Chemours.
The Chemours president and chief executive officer is Mark Vergnano, previously an executive vice president of DuPont. E. Bryan Snell, Paul Kirsch, and Chris Siemer continue to lead the Titanium Technologies, Fluoroproducts, and Chemical Solutions businesses, respectively. To learn more, please visit our leadership page.
Chemours is traded on the New York Stock Exchange under the symbol CC.
The name Chemours represents the summation of our vision and ideals: chemistry that belongs to all of us. It also embodies our bond with customers, and the shared focus that connects our chemistry with their business goals. Finally, there is a subtle reference to Nemours, the town in France that was home to many members of the DuPont family.
The Chemours Company is a leading global provider of performance chemicals with an array of globally known brands and three reporting segments:
The world's largest producer of titanium dioxide today, primarily through the globally known Ti-Pure™ trademark
Maker of next-generation fluoroproducts, including new Teflon™ formulations such as Teflon EcoElite™, as well as Viton™ fluoroelastomers and Opteon™ refrigerants
Chemours is a leader in the safe and efficient production of high-quality industrial chemical products, including sodium cyanide for mining, Glypure™ glycolic acid, Vazo™ chemical initiators, methylamine, and aniline
President and CEO Mark Vergnano announced on August 2, 2016, that the Chemours global headquarters will remain in Wilmington, Delaware - a decision that is financially responsible, offers employees numerous amenities, and will attract great talent for future growth.
The new Chemours brand made its debut on July 1, 2015, at an event at the New York Stock Exchange. To continue the introduction, the brand is being presented as a part of our new Living Chemistry marketing campaign, which will include ongoing advertsing and communications during 2015 and throughout 2016.
We believe the creation of Chemours will be very good for customers. As an independent public company, Chemours will be able to adopt strategies that enhance the value we deliver to both customers and shareholders. As a leading industrial chemical company, serving customers will be central to everything we do.
One of the Chemours values is “Refreshing Simplicity,” because we are utterly committed to being fast and efficient, and concentrating our energy on responding to customers’ needs. Our intent is to simplify processes wherever it makes sense.
Yes. We will continue to manufacture products at the same manufacturing locations, and every product will uphold the same standards of quality, safety, and performance.
These will be part of Chemours, and we will continue to sell high-performance products under these brands, while continuing to develop the brands.
Transition of our marketing materials is under way and new materials will begin to flow into the marketplace on July 1, 2015. However, this transition will not take place overnight, it will be ongoing for the next 12 to 18 months.
A key component of our strategy is to produce innovative, high-performance products that give our customers high value at competitive prices. Our goal is to continually work closely with our customers to provide solutions and products that optimize their formulations and products. In addition, in our Titanium Technologies segment we intend to continue to position Chemours as the preferred supplier of TiO2 worldwide by delivering the highest quality products and superior technical expertise. In our Fluoroproducts segment we plan to make ongoing, selective investments to capitalize on market opportunities based on our innovation capabilities and industry dynamics. Further, we expect to expand our customer base and local capabilities in emerging markets in Asia, Eastern Europe, and Latin America, and especially in China. We believe that improving living standards and growth in GDP in these markets are combining to create increased demand for our products.
Technology and new application development will continue to be important to our businesses to effectively serve marketplace needs and to continue to build competitive advantages for Chemours. We have a particular focus on working with customers to understand their challenges and goals in order to deliver relevant and impactful applications.
Chemours is seeking ISO certification on its products; similar to the ISO certification we have had as part of DuPont.