WILMINGTON, Del., Dec. 18, 2017 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
leading market positions in titanium technologies, fluoroproducts
and chemical solutions, announced today that it has broken ground
on the company's new state-of-the-art research and innovation
facility on the University of
Delaware's Science, Technology and Advanced Research (STAR)
Campus. Inspired by a vision for the facility to be a center
for discovery, the space will be known by a name benefitting that
vision: The Chemours Discovery Hub.
In partnership with University of
Delaware, The Chemours Discovery Hub will conduct cutting
edge research focused on new process, product, and application
development to better meet customer and market needs.
Construction on the new 312,000-square-foot facility, representing
an investment of approximately $150 million, is expected to be
completed by early 2020.
To celebrate this partnership, University of
Delaware leadership, the Governor, federal elected officials,
and other local and state officials joined Chemours for the
groundbreaking event at the STAR Campus.
"This is much more than a brick-and-mortar story; it's about the
discoveries to come that just might change or at least shape the
future," said Chemours President and CEO Mark Vergnano. "The Chemours Discovery Hub
will serve as a gathering place—a center for activity where vision,
ambition, intelligence, and creative energy will flourish—not just
for years, but for decades to come."
"Today's groundbreaking goes far beyond a new building for
Chemours," said UD President Dennis Assanis. "As partners in
innovation and economic development, Chemours and UD will build
dynamic connections across business, education, research,
learning and discovery. We are breaking ground on a new era of
opportunity at the STAR Campus for the University of Delaware, our state and our shared
future."
Delaware Governor John Carney added:
"Collaboration between businesses and educational institutions has
never been more important to the future of our economy," said
Governor Carney. "This partnership between Chemours and the
University of Delaware will drive
innovation on the STAR campus, and connect Delaware students with leaders in their
fields. Chemours' investment in this state-of-the-art facility also
will continue a long tradition of important scientific discovery in
Delaware, and keep good,
high-paying jobs right here in our state."
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.
CONTACT:
NEWS MEDIA
Alvenia Scarborough
Director of Corporate Communications and Brand
Marketing
+1.302.773.4507
media@chemours.com
INVESTORS
Alisha Bellezza
Director of Investor Relations
+1.302.773.2263
investor@chemours.com
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SOURCE The Chemours Company