World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Solo Chemours sees fluoroproducts decline 2%

Chemours president and CEO Mark Vergnano announced plans to transform Chemours into a higher value chemistry company

USA: Chemours, the recently spun off DuPont fluoroproducts, titanium and chemical solutions business, returned sales 10% down on the second quarter of 2014.

In its first financial results as a stand-alone business, second quarter net sales were $1.5bn, down from $1.7bn in the prior-year quarter.

Sales of its fluoroproducts business were $588m, a 2% decline against the second quarter last year. Segment adjusted EBITDA was $66m, a decline of 14% compared to the prior-year quarter. Higher demand for its Opteon refrigerants, Viton fluoroelastomer and PTFE, was partially offset by lower R22 volume due to the phase out of HCFCs in the United States. Increased volume and stronger realised prices were said to have been more than offset by $14m of currency headwinds and $15m of higher costs due to unplanned plant outages.

Chemours president and CEO Mark Vergnano said, “Now that our separation from DuPont is complete and we are an independent entity, we have begun aggressively driving a five-point plan to transform Chemours into a higher value chemistry company. We will reduce costs, grow our market positions, optimise our portfolio, refocus our investments, and enhance our company by building a nimble, entrepreneurial culture that is customer centred.

Latest News

4th March 2024

Copeland to relocate recip production to India

USA/MEXICO: Copeland is to relocate its CRi reciprocating compressor production from its plant in Reynosa, Mexico, to its existing compressor factory in Atit, India.
4th March 2024

AHT launches Vento multideck for CO2

AUSTRIA: AHT Cooling Systems has launched a CO2 version of its well-established Vento refrigeration multideck.
4th March 2024

UK adds 8,000 heat pump installers in 2023

UK: The number of qualified heat pump installers in the UK grew by nearly 8,000 last year, a 166% increase on 2022.
3rd March 2024

Green Skills Hub opens in Stockport

UK: A new Green Skills Hub has opened its doors at Stockport College in a bid to tackle the UK’s green skills gap.
2nd March 2024

Creating an alternative showcase

UK: A relocation to new premises by UK Alternative Energy Ltd has enabled the Lincoln-based renewable energy specialist to incorporate heat pumps, solar PV and battery storage solutions.
1st March 2024

Heat pump grant requests up 39%

UK: Applications for the UK’s boiler upgrade scheme in January were up 39% on January last year, according to figures from the Department for Energy Security and Net Zero.