Chemours will be the new, publicly traded global business manufacturing and supplying refrigerants, titanium dioxide, other fluoroproducts and chemical solutions. The name is said to reflect a focus on the science of chemistry and the heritage of the du Pont family origins in Nemours, France.
“Today’s announcements continue our solid progress to complete the separation of Performance Chemicals and create two strong, publicly traded companies with distinct value creation strategies,” said DuPont chair and chief executive officer Ellen Kullman. “DuPont and Chemours will each be global leaders, well positioned to pursue their respective objectives and strategies.”
As announced earlier this year, DuPont executive vice president Mark P Vergnano will become president and chief executive officer of Chemours. Mark E Newman will serve as senior vice president and chief financial officer. BC Chong and Thierry F J Vanlancker will continue to lead the titanium technologies and the fluoroproducts businesses, respectively.
Chemours will have approximately 9,100 employees, 37 production facilities in 12 countries, and will serve over 5,000 customers worldwide.
The separation of Chemours from DuPont remains on track to be completed by mid-2015.