Area served Global | Founded 2015 (2015) Revenue 5.71 billion USD (2015) | |
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Traded as NYSE: CCS&P 400 Component Key people Mark P. Vergnano (CEO), Richard H. Brown (Chairman) Stock price CC (NYSE) US$ 34.05 +0.56 (+1.67%)3 Mar, 4:02 PM GMT-5 - Disclaimer CEO Mark P. Vergnano (1 Jul 2015–) Subsidiaries First Chemical Texas, L.P., First Chemical Corp | ||
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.
Contents
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. DuPont filed its initial Form 10 with the SEC in December 2014 and announced that the new company would be called "The Chemours Company". 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. 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 encountered in the normal course of business.
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).