WILMINGTON, Del., July 1, 2015 /PRNewswire/ -- The Chemours
Company ("Chemours") (NYSE: CC), a global chemical company with
leading market positions in titanium technologies, fluoroproducts
and chemical solutions, announced today the completion of its
spin-off from DuPont and its launch as an independent, publicly
traded corporation. The company's common stock will begin trading
"regular way" today on the New York Stock Exchange (NYSE) under the
symbol "CC".
"We think of Chemours as a 200-hundred-year-old start-up," said
Mark Vergnano, president and chief
executive officer of Chemours. "We bring to the market a rich
heritage based on our DuPont legacy and built on industry
leadership and innovation adding the energy and agility of a
customer-centered, global business fresh out of the starting
gate. Our businesses are already known for pioneering
application development and world-class product stewardship and
safety. Our workforce is among the best in the industry; they
bring years of experience, deep chemistry expertise, and
outstanding engineering knowledge to our more than 5,000 customers
across the globe.
"Together, we're going to build on our strengths, while becoming
more streamlined and responsive," Vergnano continued. "We are
focusing our efforts on reducing our cost structure, enhancing our
portfolio, and driving growth that supports customer demand.
Three strategic cornerstones define Chemours today: optimizing our
asset base, increasing cash flow, and allocating capital
strategically," he concluded.
Vergnano is joined by an experienced executive team, who bring
extensive industry knowledge and strong operating skills to
Chemours. They are:
- Mark E. Newman, Senior Vice
President, Chief Financial Officer
- E. Bryan Snell, President,
Titanium Technologies
- Thierry Vanlancker, President,
Fluoroproducts
- Chris Siemer, President,
Chemical Solutions
- Beth Albright, Senior Vice
President, Human Resources
- Erich Parker, Vice President of
Corporate Communications and Chief Brand
Officer
- Dave Shelton, General Council
& Corporate Secretary
About The Chemours Company
The Chemours Company helps
create a colorful, capable and cleaner world through the power of
chemistry. Chemours is a global leader in titanium technologies,
fluoroproducts and chemical solutions, providing its customers with
solutions in a wide range of industries with market-defining
products, application expertise, and chemistry-based innovations.
Chemours ingredients are found in plastics and coatings,
refrigeration and air conditioning, mining and oil refining
operations and general industrial manufacturing. Our flagship
products include prominent brands such as Teflon®, Ti-Pure®,
Krytox® Viton®, Opteon® and Nafion®. Chemours has approximately
9,000 employees across 37 manufacturing sites serving more than
5,000 customers in North America,
Latin America, Asia-Pacific and Europe. Chemours is headquartered in
Wilmington, Delaware and is listed
on the NYSE under the symbol CC. For more information, please
visit chemours.com or follow Chemours on Twitter at @chemours.
Forward-Looking Statements
This press release
contains forward-looking statements, which may be identified by
their use of words like "plans," "expects," "will," "believes,"
"intends," "estimates," "anticipates" or other words of similar
meaning. All statements that address expectations or
projections about the future, including statements about the timing
of the spin-off, are forward-looking 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. Forward-looking statements
involve risks and uncertainties, including those described in the
registration statement on Form 10 and other filings made by
Chemours with the Securities and Exchange Commission. Actual
results may differ. Chemours undertakes no duty to update any
forward-looking statements as a result of future developments or
new information.
DuPont™ is a registered trademark of DuPont or its
affiliates.
CONTACT:
MEDIA:
Robert
Dekker
Global Corporate Communications
Leader
+1.302.773.4509
robert.dekker@chemours.com
INVESTORS:
Alisha
Bellezza
Director of Investor
Relations
+1.302.773.2263
alisha.bellezza@chemours.com
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SOURCE The Chemours Company