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In October 2013, DuPont announced that it was planning to spin off its "[[speciality chemicals|performance chemicals]]" business into a new publicly traded company in mid-2015.<ref>{{cite news |url= https://www.bloomberg.com/news/2013-10-24/dupont-to-spin-off-performance-chemicals-unit-to-shareholders.html |title=DuPont to Spin Off Performance Chemicals Unit to Shareholders - Bloomberg |first=Simon|last=Casey |work=[[Bloomberg News]] |date=October 24, 2014 |accessdate=December 22, 2014}}</ref> DuPont filed its initial [[Form 10-12B|Form 10]] with the [[U.S. Securities and Exchange Commission|SEC]] in December 2014 and announced that the new company would be called "The Chemours Company".<ref>{{cite news |url=https://www.wsj.com/articles/dupont-names-planned-performance-chemicals-spinoff-1418942228 |title=DuPont Names Planned Performance Chemicals Spinoff |first= Tess|last=Stynes |work=[[The Wall Street Journal]] |date=December 18, 2014 |accessdate=December 22, 2014}}</ref> 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.<ref>{{cite press release |url=http://www.prnewswire.com/news-releases/dupont-completes-spin-off-of-the-chemours-company-300107397.html |title=DuPont Completes Spin-off of The Chemours Company |location=Wilmington, Del. |work=PRNewswire |date=July 1, 2015 |accessdate=July 1, 2015}}</ref> Chemours has assumed various liabilities arising from lawsuits against DuPont.<ref>{{cite report |url=https://www.sec.gov/Archives/edgar/data/1627223/000119312515215110/d832629dex991.htm |title=Information Statement The Chemours Company |publisher=The Chemours Company |date=June 17, 2015 |pages=Cover, 2, 182, F-51}}</ref>
In October 2013, DuPont announced that it was planning to spin off its "[[speciality chemicals|performance chemicals]]" business into a new publicly traded company in mid-2015.<ref>{{cite news |url= https://www.bloomberg.com/news/2013-10-24/dupont-to-spin-off-performance-chemicals-unit-to-shareholders.html |title=DuPont to Spin Off Performance Chemicals Unit to Shareholders - Bloomberg |first=Simon|last=Casey |work=[[Bloomberg News]] |date=October 24, 2014 |accessdate=December 22, 2014}}</ref> DuPont filed its initial [[Form 10-12B|Form 10]] with the [[U.S. Securities and Exchange Commission|SEC]] in December 2014 and announced that the new company would be called "The Chemours Company".<ref>{{cite news |url=https://www.wsj.com/articles/dupont-names-planned-performance-chemicals-spinoff-1418942228 |title=DuPont Names Planned Performance Chemicals Spinoff |first= Tess|last=Stynes |work=[[The Wall Street Journal]] |date=December 18, 2014 |accessdate=December 22, 2014}}</ref> 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.<ref>{{cite press release |url=http://www.prnewswire.com/news-releases/dupont-completes-spin-off-of-the-chemours-company-300107397.html |title=DuPont Completes Spin-off of The Chemours Company |location=Wilmington, Del. |work=PRNewswire |date=July 1, 2015 |accessdate=July 1, 2015}}</ref> Chemours has assumed various liabilities arising from lawsuits against DuPont.<ref>{{cite report |url=https://www.sec.gov/Archives/edgar/data/1627223/000119312515215110/d832629dex991.htm |title=Information Statement The Chemours Company |publisher=The Chemours Company |date=June 17, 2015 |pages=Cover, 2, 182, F-51}}</ref>


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]].<ref>{{cite web |last1=Otterbourg |first1=Ken |title=Teflon’s River of Fear |url=https://fortune.com/longform/teflon-pollution-north-carolina/ |website=Fortune |accessdate=3 January 2020 |date=2018-05-24}}</ref>
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]].<ref>{{cite web |last1=Otterbourg |first1=Ken |title=Teflon’s River of Fear |url=https://fortune.com/longform/teflon-pollution-north-carolina/ |website=Fortune |accessdate=3 January 2020 |date=2018-05-24}}</ref> This story is recounted in the 2018 documentary film ''[[The Devil We Know]]''.


==Products==
==Products==

Revision as of 06:06, 7 October 2020

The Chemours Company
Company typePublic
NYSE: CC
S&P 400 Component
Industry
  • Performance chemicals
Founded2015; 10 years ago (2015)
HeadquartersWilmington, Delaware, U.S.
Area served
Global
Key people
  • Richard H. Brown
  • (Chairman of the Board)
  • Mark P. Vergnano
  • (President & CEO)
  • Mark E. Newman
  • (Chief Operating Officer)
  • Sameer Ralhan
  • (Chief Financial Officer & Treasurer)
Products
RevenueIncrease US$ 6.18 billion (2017)
Increase US$ 1.13 billion (2017)
Increase US$ 747 million (2017)
Total assetsIncrease US$ 7.29 billion (2017)
Total equityIncrease US$ 865 million (2017)
Number of employees
7,000[1] (2017)
SubsidiariesAntec International
Websitewww.chemours.com/en/about-chemours

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] This story is recounted in the 2018 documentary film The Devil We Know.

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

  1. ^ "Chemours". Fortune. Retrieved December 30, 2018.
  2. ^ "Chemours". Fortune. Retrieved December 30, 2018.
  3. ^ Casey, Simon (October 24, 2014). "DuPont to Spin Off Performance Chemicals Unit to Shareholders - Bloomberg". Bloomberg News. Retrieved December 22, 2014.
  4. ^ Stynes, Tess (December 18, 2014). "DuPont Names Planned Performance Chemicals Spinoff". The Wall Street Journal. Retrieved December 22, 2014.
  5. ^ "DuPont Completes Spin-off of The Chemours Company". PRNewswire (Press release). Wilmington, Del. July 1, 2015. Retrieved July 1, 2015.
  6. ^ Information Statement The Chemours Company (Report). The Chemours Company. June 17, 2015. pp. Cover, 2, 182, F-51.
  7. ^ Otterbourg, Ken (May 24, 2018). "Teflon's River of Fear". Fortune. Retrieved January 3, 2020.
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