Having rung the opening bell at the New York Stock Exchange on Monday of this week, officials today officially announced that The Chemours Company has been successfully spun-off from DuPont and been launched as an independent, publicly traded corporation. The Cooling Post first reported a possible spin-off in 2013.
The new company will claim leading market positions in titanium technologies, fluoroproducts and chemical solutions.
“We think of Chemours as a 200-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-centered, global business fresh out of the starting gate.
“Our workforce is among the best in the industry,” he added, “they bring years of experience, deep chemistry expertise, and outstanding engineering knowledge to our more than 5,000 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: optimizing our asset base, increasing cash flow, and allocating capital strategically,” he concluded.
Thierry Vanlancker is president, of Chemours fluoroproducts business which includes its range of refrigerants.
DuPont to spin-off refrigerants business (25th October 2013)
DuPont considers selling its refrigerants business (24th July 2013)