Chemours
 | |
| Company type | Public |
|---|---|
| NYSE: CC S&P 400 Component | |
| Industry |
|
| Founded | 2015 |
| Headquarters | Wilmington, Delaware, U.S. |
Area served | Global |
Key people |
|
| Products | |
| Revenue |  US$ 6.18 billion (2017) |
| US$ 1.13 billion (2017) | |
| US$ 747 million (2017) | |
| Total assets | US$ 7.29 billion (2017) |
| Total equity | US$ 865 million (2017) |
Number of employees | 7,000[1] (2017) |
| Subsidiaries | Antec International |
| Website | www |
The Chemours Company, pronounced “kem-oars”, commonly referred to as Chemours, is an American chemical company that was founded in July 2015 as a spin-off from DuPont. It has its corporate headquarters in Wilmington, Delaware, United States.[2]
History
In October 2013, DuPont announced that it was planning to spin off its "performance chemicals" business into a new publicly traded company in mid-2015.[3] DuPont filed its initial Form 10 with the SEC in December 2014 and announced that the new company would be called "The Chemours Company".[4] The spin-off to DuPont shareholders was completed on July 1, 2015, and Chemours' stock began trading on the New York Stock Exchange on the same date.[5] Chemours has assumed various liabilities arising from lawsuits against DuPont.[6]
Chemours' plant in Bladen County, North Carolina, was found to be dumping vast quantities of a chemical dubbed "GenX", a precursor of Teflon, into the Cape Fear River.[7]
Products
Chemours manufactures and sells performance chemicals falling within three segments: Titanium Technologies (titanium dioxide); Fluoroproducts (refrigerants and industrial fluoropolymer resins and derivatives including Freon, Teflon, Viton, Nafion, and Krytox); and Chemical Solutions (cyanide, sulfuric acid, aniline, methylamines, and reactive metals).
References
- ^ "Chemours". Fortune. Retrieved December 30, 2018.
- ^ "Chemours". Fortune. Retrieved December 30, 2018.
- ^ Casey, Simon (October 24, 2014). "DuPont to Spin Off Performance Chemicals Unit to Shareholders - Bloomberg". Bloomberg News. Retrieved December 22, 2014.
- ^ Stynes, Tess (December 18, 2014). "DuPont Names Planned Performance Chemicals Spinoff". The Wall Street Journal. Retrieved December 22, 2014.
- ^ "DuPont Completes Spin-off of The Chemours Company". PRNewswire (Press release). Wilmington, Del. July 1, 2015. Retrieved July 1, 2015.
- ^ Information Statement The Chemours Company (Report). The Chemours Company. June 17, 2015. pp. Cover, 2, 182, F-51.
- ^ Otterbourg, Ken (May 24, 2018). "Teflon's River of Fear". Fortune. Retrieved January 3, 2020.
External links
- Official website
- Business data for The Chemours Company:
- Chemours
- Chemical companies of the United States
- Manufacturing companies based in Delaware
- Multinational companies headquartered in the United States
- Companies based in Wilmington, Delaware
- American companies established in 2015
- Chemical companies established in 2015
- 2015 establishments in Delaware
- DuPont
- Companies listed on the New York Stock Exchange
- Corporate spin-offs