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Chemours earnings, sales beat estimates
Chemours reported higher-than-forecast sales and earnings per share in the third quarter as the company saw weaker demand in its titanium business in Asia and Europe and strength in its other businesses.
Earnings and...
North Carolina Attorney General sues DuPont, Chemours, 3M over ‘forever chemicals’ used in airport...
North Carolina Attorney General Josh Stein filed two new lawsuits against manufacturers of Aqueous Film Forming Foam (AFFF), a fire suppressant that contains PFAS including DuPont, Chemours, and 3M.
The first lawsuit relates to contamination...
Chemours, German company announced hydrogen membrane venture
The Chemours Company plans to enter into a joint venture with BWT FUMATECH Mobility GmbH, an established player in multiple hydrogen markets, focused on membrane manufacturing in the field of fuel cell technology....
Chemours announces $200 million investment to expand Nafion production as hydrogen economy emerges
The Chemours Company plans to spend $200 million to increase capacity and advance technology for its Nafion membrane material used in the hydrogen economy.
Chemours is headquartered in Wilmington and operates a research center at...
Chemours begins commissioning work at Florida mine
The Chemours Company has begun commissioning work at its newest mineral sand mine, Trail Ridge South.
The new mining operation represents a $93 million investment that will create approximately 50 new jobs in the...
Chemours reports higher earnings in 2nd quarter
The Chemours Company reported higher earnings in the second quarter.
Highlights
Record sales of $1.9 billion, up 16% year-over-year, including record net sales in all three segments
Net Income of $201 million with EPS of...
Kudos: Chemours, Boy Scout honorees and DSU President
Savoy Magazine names Chemours CEO, brand officer to Black Executives list
Savoy Magazine named Chemours’ CEO Mark Newman and Chief Brand Officer Alvenia Scarborough Alvenia Scarborough to its 2022 list of the Most Influential Black Executives in Corporate America.
Savoy developed this list...
Chemours explores additional capacity for hydrogen business
Wilmington-based Chemours Company announced it is investigating capacity investments to support its growing Hydrogen Economy business.
This increased capacity in ionomers would support the demand growth within water electrolysis and fuel cell technology.
The...
Chemours, citing hydrogen’s potential, makes investment in Versogen
The Chemours Company, Wilmington, is investing in green hydrogen development.
Last week, the Wilmington company confirmed its participation in a Series A funding round for Versogen Inc. Verogen, based near Wilmington, is developing anion exchange...
Chemours earnings up sharply in first quarter
The Chemours Company reported a sharp increase in earnings during the first quarter.
Highlights
Net Sales of $1.8 billion, up 23% year-over-yearNet Income of $234 million with earnings per share of $1.43, up 86¢...
Corrected: Chemours suspends business with Russia; Will DuPont, Corteva follow?
The Chemours Company has suspended business with Russian entities in response to the "ongoing military conflict" and humanitarian crisis in Ukraine.
Wilmington-based Chemours was the first DuPont spin-off to announce a business suspension in Russia...
Chemours reports sharp incease in earnings
The Chemours Company reported a sharp increase in earnings for the fourth quarter and the whole year as the key titanium business roared back.
Chemours has its headquarters in Wilmington and a research and development...
Chemours denies plans to acquire proposed titanium mine near Georgia refuge
Wilmington-based Chemours continues to deny that it has no interest in a controversial proposed titanium mine next to a beloved swamp in Georgia.
Twin Pines Minerals, LLC has applied for permits for a mine...
Czech company completes $521 million purchase of Chemours Mining Solutions business
Draslovka, a Czech Republic-based, global, family-owned company, completed the acquisition of the Mining Solutions business of Chemours Company for $521 million.
This completion makes Draslovka the world’s largest producer of solid sodium cyanide and a...
Chemours raises earnings guidance after strong 3rd quarter
Wilmington-based Chemours Company raised its guidance for 2022 after a strong third quarter.
3rd quarter results
Net Sales of $1.7 billion, up 36% year-over-year
Net Income of $214 million with earnings per share of $1.27,...
Chemours launches science partnership program with $4 million pledge for EastSide Charter center
The Chemours Company Monday launched the Chemours Future of Engineering, Science, Trades, and Technology (ChemFEST) school partnership program.
Chemours will invest in middle schools in less affluent areas in its footprint communities worldwide to ensure...
Chancery throws out shareholder suit against Chemours
A Chancery Court ruling rejected claims in a shareholder lawsuit filed against Chemours Co. over the issue of environmental liabilities.
The case stems from claims that DuPont did not fully disclose environmental liabilities when spinning...
Czech company acquiring Mining Solutions business of Chemours
Draslovka Holding a.s., a Czech-based leader in cyanide-based chemical specialties and agricultural chemicals, agreed to acquire the Mining Solutions business of The Chemours Company for $520 million.
The acquisition marks Draslovka’s first major investment in...
DuPont , Corteva, Chemours OK $50 million to $75 million chemical pollution settlement with...
The State of Delaware has settled a case with DuPont, Corteva, and Chemours over chemical discharges.
Under the agreement, the companies agreed to pay $50 million for, among other things, environmental restoration, improvement, sampling and...
Newman named Chemours CEO as Vergnano moves to chairman’s slot
The Chemours Company announced that Mark Newman, the company’s current Chief Operating Officer, will become President and Chief Executive Officer of Chemours, succeeding Mark Vergnano.
Vegnano has served as CEO since the company was spun...
