Chemours currently owns and operates from the original 108-year-old, 13-storey DuPont Building which it inherited in 2015 following its spin-off from DuPont. About 800 workers are currently employed there with around 200 more in other Delaware locations.
“We have considered a number of locations for our world headquarters, but in the end it came down to what locale makes the most financial sense, offers our current workforce the right combination of amenities and conveniences, and allows us to attract great talent,” said president and CEO Mark Vergnano.
Chemours began evaluating headquarters location options more than six months ago with Delaware, New Jersey, and Pennsylvania all under active consideration.
“Chemours has a first-rate workforce, and the state of Delaware has a rich talent pool, so we believe Delaware’s a great place for maintaining our superb employee base. That’s a competitive advantage for us,” Vergnano added.
Recent changes to the state’s corporate tax structure were said to be key components in Chemours’ decision. At the end of May, the state also reportedly agreed to provide around $8m in taxpayer grants to Chemours in an effort to keep the company in Wilmington.
Chemours has approximately 8,000 employees across 35 manufacturing sites worldwide, serving more than 5,000 customers in North America, Latin America, Asia-Pacific and Europe.