WILMINGTON, Del., June 26, 2017 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
leading market positions in titanium technologies, fluoroproducts
and chemical solutions, held a "placing of the first stone" event
on Saturday, June 24, to mark the
start of construction of a new Chemours Mining Solutions
manufacturing facility in the state of Durango, Mexico. This project represents an
estimated $150 million
investment.
Chemours is the world's largest producer of solid sodium
cyanide, essential in mining operations, with a 60-year heritage of
innovative science, industry-leading safety practices and
dedication to stewardship. Located in the municipality of Gómez
Palacio, this new facility will ensure a safe and reliable supply
to the mining industry in Mexico.
"This project is a further demonstration of our five-point
transformation plan and will support the growing needs of the
Mexican mining market," said Mark
Vergnano, Chemours president and CEO. "We've had
successful operations in Mexico
for over 90 years, and this undertaking reinforces our continued
commitment to our Chemours Mining Solutions business."
According to Chris Siemer,
president of the company's chemical solutions business unit:
"Mining companies count on us for consistent, reliable supply to
help keep their operations running. This production facility in
Mexico will significantly increase
our capacity and will include state-of-the-art manufacturing
technology and production processes. Its location near some of
the largest deposits of gold and silver in Mexico and in the heart of the mining industry
will enable us to broaden our support to our customers by providing
a distinct competitive advantage in supply chain
routing."
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 or follow Chemours on Twitter at
@chemours.
Forward-Looking Statements
This press release contains
forward-looking statements, which often may be identified by their
use of words like "plans," "expects," "will," "believes,"
"intends," "estimates," "anticipates" or other words of similar
meaning. These forward-looking statements address, among other
things, our anticipated future operating and financial performance,
business plans and prospects, transformation plans, resolution of
environmental liabilities, litigation and other contingencies,
plans to increase profitability, our ability to pay or the amount
of any dividend, and target leverage 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 not guarantees of future
performance and are based on certain assumptions and expectations
of future events which may not be realized. The matters discussed
in these forward-looking statements also are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from those projected, anticipated or implied in
the forward-looking statements, as further described in our filings
with the Securities and Exchange Commission, including our annual
report on Form 10-K for the fiscal year ended December 31, 2016. Chemours undertakes no duty to
update any forward-looking statements.
CONTACT:
MEDIA:
Cynthia
Salitsky
Global Communications
Leader
+1.302.773.3283
cynthia.salitsky@chemours.com
INVESTORS:
Alisha
Bellezza
Treasurer & Director of Investor
Relations
+1.302.773.2263
investor@chemours.com
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SOURCE The Chemours Company