Chemours

The Chemours Company
Public
Traded as
Industry
  • Performance chemicals
  • Titanium dioxide
  • Viton
Founded 2015 (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

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

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

  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.
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