WILMINGTON, Del., June 7, 2017 /PRNewswire/ -- The Chemours Company
(Chemours) (NYSE: CC), a global chemistry company with leading
market positions in titanium technologies, fluoroproducts and
chemical solutions, today announced that in less than two years
after its 2015 spinoff it has been named for the first time to the
Fortune 500 list of the nation's largest corporations. With
$5.5B in revenues in 2016, Chemours
ranks #482 on the overall list revealed today via Fortune
Magazine.
"We're so proud to see our name on this coveted list less than
two years after becoming a public company and overcoming some real
challenges at our start," said Mark
Vergnano, president and CEO, adding, "This honor was not
given; it was earned. It is a testament to the flawless execution
by our workforce of our five-point transformation plan, and
demonstrates the strides that our company has made to become a
stronger, healthier, and more stable company."
Chemours' transformation plan, launched in 2015, has served as the
company's roadmap to dramatic fiscal and organizational
improvements. Its focus continues to be reducing structural costs,
growing market positions, optimizing the company's portfolio,
refocusing investments, and transforming the company's culture.
Said Vergnano, "While it's affirming to make the Fortune 500
list, we realize we have to keep working hard to stay on the list,
to bring our transformation plan to a successful completion by the
end of 2017, and to realize our full potential as we continue on
our journey of growth."
About The Chemours Company
The Chemours Company (NYSE: CC) helps create a colorful, capable
and cleaner world through the power of chemistry. Chemours is
a global leader in titanium technologies, fluoroproducts and
chemical solutions, providing its customers with solutions in a
wide range of industries with market-defining products, application
expertise and chemistry-based innovations. Chemours
ingredients are found in plastics and coatings, refrigeration and
air conditioning, mining and general industrial
manufacturing. Our flagship products include prominent brands
such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and
Nafion™. Chemours has approximately 7,000 employees and 26
manufacturing sites serving approximately 4,000 customers in
North America, Latin America, Asia-Pacific and Europe. Chemours is
headquartered in Wilmington,
Delaware and is listed on the NYSE under the symbol
CC. For more information please visit chemours.com
Forward-Looking Statements
This press release contains forward-looking statements, within
the meaning of the federal securities laws, that involve risks and
uncertainties. Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to any
historical or current fact. The words "believe," "expect,"
"anticipate," "plan," "estimate," "target," "project" and similar
expressions, among others, generally identify "forward-looking
statements," which speak only as of the date the statements were
made. These forward-looking statements address, among other things,
the offering, our agreement with DuPont relating to the MDL
Settlement, resolution of environmental liabilities, litigation and
other contingencies, anticipated future operating and financial
performance, business plans and prospects, that are subject to
substantial risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements. Forward-looking statements are based on certain
assumptions and expectations of future events which may not be
accurate or realized. Forward-looking statements also involve risks
and uncertainties, many of which are beyond Chemours' control.
Additionally, there may be other risks and uncertainties that
Chemours is unable to identify at this time or that Chemours does
not currently expect to have a material impact on its business.
Factors that could cause or contribute to these differences include
whether the offering is completed and other risks, uncertainties
and other factors discussed in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for
the year ended December 31, 2016.
Chemours assumes no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
CONTACT
MEDIA
Alvenia
Scarborough
Director of Brand Marketing and
Corporate Communications
+1.302.773.4507
media@chemours.com
INVESTORS
Alisha
Bellezza
Treasurer and Director of Investor
Relations
+1.302.773.2263
investor@chemours.com
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SOURCE The Chemours Company