Chemours

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The Chemours Company
Public
Traded as
Industry
  • Performance chemicals
  • Titanium dioxide
  • Viton
Founded 2015; 3 years ago (2015)
Headquarters Wilmington, Delaware, U.S.
Area served
Global
Key people
Products
Revenue Increase US$ 6.18 billion (2017)
Increase US$ 1.13 billion (2017)
Increase US$ 747 million (2017)
Total assets Increase US$ 7.29 billion (2017)
Total equity Increase US$ 865 million (2017)
Number of employees
~7,000 (2017)
Subsidiaries Antec International
Website Chemours.com

The Chemours Company, 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.

History[edit]

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.[1] DuPont filed its initial Form 10 with the SEC in December 2014 and announced that the new company would be called "The Chemours Company".[2] 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.[3] Its 180,920,858 shares of common stock were distributed to DuPont shareholders at a par value of one cent each. Chemours has assumed various liabilities arising from lawsuits against DuPont.[4]

Products[edit]

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 and Viton); and Chemical Solutions (cyanide, sulfuric acid, aniline, methylamines, and reactive metals).

References[edit]

  1. ^ Casey, Simon (October 24, 2014). "DuPont to Spin Off Performance Chemicals Unit to Shareholders - Bloomberg". Bloomberg News. Retrieved December 22, 2014. 
  2. ^ Stynes, Tess (December 18, 2014). "DuPont Names Planned Performance Chemicals Spinoff". The Wall Street Journal. Retrieved December 22, 2014. 
  3. ^ "DuPont Completes Spin-off of The Chemours Company". PRNewswire (Press release). Wilmington, Del. July 1, 2015. Retrieved July 1, 2015. 
  4. ^ Information Statement The Chemours Company (Report). The Chemours Company. June 17, 2015. pp. Cover, 2, 182, F–51. 

External links[edit]