We are transforming our 200-year-old startup to respond to customer needs more quickly by harnessing the potential of chemistry.
A year of refining the formula.
It was a year of challenges and accomplishments. A year of transformation and resilience. It was 365 days of getting ahead of what’s next. When Chemours separated from DuPont last July, we aimed to forge stronger customer connections and help create a colorful, capable, and cleaner world through the power of chemistry.
We’re focused on improving the quality of life for billions of people worldwide through our portfolio of premium, differentiated products.
At our first-year mark as an independent, publicly traded company, we’ve made good progress, despite significant headwinds.
Our transformation is hitting a new gear.
We continue to evolve, becoming a more responsive, nimbler, and Higher Value Chemistry company—a company dedicated to improving the quality of life for billions of people worldwide and bringing value to our customers and shareholders.
The efforts of our talented workforce and transformation plan have earned customer wins and industry accolades, and created many first-year milestones.
Our five-point transformation plan is focusing our investments and optimizing our portfolio so we can better serve our customers, investors, and society at large. Along with a diverse workforce of highly talented people, our blueprint for reaching our full potential is already producing results:
We are expanding our capacity for high-growth Opteon™ products with announced investments in additional capacity that will help meet customer demands for low global warming potential (GWP) refrigerants. Chemours products with low GWP are expected to eliminate an estimated 300 million tons of CO2 equivalents by 2025, while increasing energy efficiency in many applications.
We launched the commercial operation of our new TiO2 line in Altamira, Mexico. Bryan Snell, President of Titanium Technologies, says that, “Our investment at Altamira tells valued customers around the world that Chemours is committed to being a long-term, reliable supplier of high-quality titanium dioxide.”
To streamline our business, we’ve completed our Chemical Solutions portfolio review with the announcements of agreements to sell our Clean and Disinfect and our Sulfur businesses, the sale of the Aniline facility in Beaumont, Texas, the announced shutdown of the Reactive Metals site, and the decision to retain the Methylamines business. Once complete, we’ll have a lower capital-intensive and streamlined portfolio focused on our core growth opportunities.
As we enter our second year of transformation, we continue to rapidly respond to global trends and growing customer demands. Our journey has just begun—it’s now 365 days plus—and there’s much more to come. Stay tuned.
Contact Chemours to request information about our company, businesses, or individual products and services.
This webpage 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, proposed transactions, 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, 2015. Chemours undertakes no duty to update any forward-looking statements.
The first year of Chemours was full of momentum. It was a year of hitting significant milestones as the months progressed. A year of being the catalyst for better.
Chemours rings the opening bell at NYSE on June 29, ahead of the stock beginning “regular-way” trading on July 1, under the symbol CC. The company officially launches as an independent company, a startup with 200 years of innovation, 7/1/15.
Opteon™ YF supply doubles
Chemours doubles its HFO-1234yf supply globally, responding to customer demand for more sustainable refrigeration solutions by increasing capacity, 7/9/15.
Transforming for the future
To reach its full potential for customers, investors, employees, and society, Chemours announces a five-point transformation plan with details on reducing costs, optimizing the portfolio, growing market positions, refocusing investments, and enhancing the organization, 8/6/15.
Opteon™ arrives at the White House
Chemours visits the White House Hydrofluorocarbon Roundtable and highlights Opteon™ and its growing portfolio of low global warming potential (GWP) products that will eliminate an estimated 300 million tons of CO2 equivalents on a global basis by 2025, 10/15/15.
Chemours takes part in Movember, a global charity, at the Asturias, Spain, and Geneva, Switzerland, offices in order to raise money and generate awareness for men’s health issues, 11/1/15.
Over $440,000 raised for United Way
In addition to other offices in the Chemours family that offer support, the Wilmington-area campaign pledges and successfully raises over $440,000 to benefit the local United Way of Delaware. Employees contribute over 1,400 volunteer hours as well, 12/1/15.
First garments with Teflon EcoElite™
Colmar announces the first outerwear clothing that feature the renewably sourced Teflon EcoElite™ at ISPO in Munich. This breakthrough technology from Chemours is up to three times more durable than existing non-fluorinated repellents, 1/26/16.
Chemours makes Apple's top 200-supplier list
Chemours is on the list of Apple’s top suppliers, including component providers and others representing at least 97 percent of procurement expenditures for materials, manufacturing, and assembly of Apple products worldwide, 2/1/16.
Ti-Pure™ partnership with Berel
A partnership launches with Berel, the second largest paint company in Mexico, to commercialize Ti-Pure™ One Coat, which is made with our proprietary chloride-base process to consistently produce high-quality, high-performance pigments, 2/29/16.
Sale of businesses
Chemours completes its Chemical Solutions portfolio review with sale of the Beaumont, Texas, Aniline facility and definitive agreements for plans to sell the Clean and Disinfect and the Sulfur Products businesses totaling $695 million in cash, 3/1/16, 4/25/16, and 6/14/16, respectively.
Chemours holds the first annual meeting for shareholders. Following the meeting, first-quarter earnings are released, 4/27/16.
Manufacturing expansion across key businesses
To continue meeting customer demand for high-quality products, Chemours announced its decision to invest in the Corpus Christi, Texas, site to triple Opteon™ global capacity; commercial startup begins of new TiO2 line in Altamira, Mexico, 5/2/16, 5/17/16, respectively.
Ti-Pure™ wins top prize
Ti-Pure™ earns the award for top titanium dioxide formulation from Paint & Pintura magazine in Brazil; award is considered the "Oscar of paints," 5/5/15.
Sherwin-Williams Certified Supplier Award
Ti-Pure™ was awarded the 2015 Sherwin-Williams Certified Supplier Award for the third year in a row, which shows the consistent quality and reliability of our Ti-Pure™ products, 6/7/16.
Chemours celebrates its one-year anniversary
In its first year, Chemours delivered significant cost reductions while strengthening its liquidity position. Chemours reaffirms its commitment to customers, 7/1/16.
Staying rooted in Wilmington, Delaware
President and CEO Mark Vergnano announced 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, 8/2/16.
Rolling in a new quarter of success
Across global offices, Chemours businesses closed out Q2, collectively reporting $359 million in cash flow from operating activities in the first half. This energizing momentum proves that a 200-year-old startup can evolve with the times, 8/9/16.