Chemours Company completes spin off from DuPont

The Chemours Company, a global chemical company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, has announced the completion of its spin off from DuPont and its launch as an independent, publicly traded corporation.

"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 centred, 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 5000 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: optimising our asset base, increasing cash flow, and allocating capital strategically."

Adapted from press release by Rosalie Starling

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/06072015/chemours-company-completes-spin-off-from-dupont-1042/