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Chemours The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the sixth edition of its annual Sustainability Report, outlining the company’s progress toward meeting its ESG targets through its Corporate Responsibility Commitment (CRC) goals.
Key Points:
- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the sixth edition of its annual Sustainability Report, outlining the company’s progress toward meeting its ESG targets through its Corporate Responsibility Commitment (CRC) goals.
- The report showcases the company’s global commitment and collective determination to responsible manufacturing of essential chemistries and significant—often industry-leading—progress toward its goals.
- “At Chemours, sustainability is central to everything we do,” said Mark Newman, President and CEO of Chemours.
- “We’re proud of the incredible progress we’ve made toward our goals, reaffirming our ongoing support of the United Nations’ Sustainable Development Goals, and continuing to challenge ourselves to achieve more, going beyond what’s required to do what’s right.”
Click here to read Chemours’ 2022 Sustainability Report.
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Chemours Leveraging a strong bench of top talent and thoughtful succession planning, Jonathan Lock, Senior Vice President (SVP) and Chief Development Officer, is appointed to the role of CFO, effective June 6.
Key Points:
- Leveraging a strong bench of top talent and thoughtful succession planning, Jonathan Lock, Senior Vice President (SVP) and Chief Development Officer, is appointed to the role of CFO, effective June 6.
- As CFO, Jonathan will lead Finance, Investor Relations, Corporate Development, Strategy, and Enterprise Risk Management.
- In addition, Matt Abbott, Vice President, Digital and Data Analytics, is promoted to SVP, Chief Enterprise Transformation Officer, a corporate officer, and senior executive position with responsibility for Information Technology, Cyber Security, Digital and Data Analytics and Procurement.
- Joining the executive team to accelerate growth, unlock significant productivity, and improve operational performance across the enterprise, is Matt Abbott, the company’s first SVP & Chief Enterprise Transformation Officer.
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Corteva Key Points:
- View the full release here: https://www.businesswire.com/news/home/20230602005091/en/
The class includes water systems with a current detection of PFAS1 at any level and those that are currently required to monitor for the presence of PFAS under EPA monitoring rules2 or other applicable laws.
- This includes but is not limited to systems in the South Carolina aqueous film-forming foam multi-district litigation (“AFFF MDL”).
- The companies will collectively establish and contribute a total of $1.185 billion to a settlement fund (“water district settlement fund”).
- The settlement amounts will be funded by the companies in full and deposited into the water district settlement fund within ten business days following preliminary approval of the settlement by the Court.
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Chemours The transaction is expected to close by the third quarter of 2023 subject to regulatory approvals and other customary closing conditions.
Key Points:
- The transaction is expected to close by the third quarter of 2023 subject to regulatory approvals and other customary closing conditions.
- Its Co-founder and Managing Partner, Scott Mraz commented: "The forming of PureTech Scientific and acquisition of Chemours’ Glycolic Acid Business marks Iron Path’s first major investment in the specialty chemicals sector focused on the life science end markets.
- Our goal is to leverage Iron Path’s extensive operational expertise and technological capabilities to support PureTech Scientific’s growth plans through continued innovation with our customers."
- Grace Matthews, Inc. is acting as Chemours’ financial advisor and Spilman Thomas & Battle, PLLC is acting as its legal advisor.
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Chemours FUMATECH BWT GmbH is an established player in multiple hydrogen markets focused on membrane manufacturing in the field of fuel cell technology.
Key Points:
- FUMATECH BWT GmbH is an established player in multiple hydrogen markets focused on membrane manufacturing in the field of fuel cell technology.
- Membranes Company GmbH – A BWT Chemours Company will expedite the supply of HDFC membranes to original equipment manufacturers (OEMs), helping to meet the demand for these membranes that are critical to fully scaling the global hydrogen economy.
- “The key is that BWT, FUMATECH and Chemours back these visions with solid, thoughtful strategies that bring us to this J.V.
- With regulatory approvals in place the joint venture can now officially begin operation producing fuel cells and humidifier membranes for the mobility market.
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Osaka Titanium Technologies The expansion will triple capacity of the ultra-low GWP, hydrofluoroolefin (HFO) solution, enabling customers and value chain partners to meet the escalating demand for sustainable and efficient HFO-1336mzzZ-based fluids.
Key Points:
- The expansion will triple capacity of the ultra-low GWP, hydrofluoroolefin (HFO) solution, enabling customers and value chain partners to meet the escalating demand for sustainable and efficient HFO-1336mzzZ-based fluids.
- Chemours has entered into an agreement with Zhejiang Juhua Group, Ltd. to produce the additional volume of HFO-1336mzzZ.
- “Our customers utilize Opteon™ 1100 and Opteon™ SF33 to deliver superior performance in a variety of critical applications.
- Chemours is excited to meet the growing business needs of our customers with low GWP products that support the health and sustainability of our planet,” said Joseph Martinko, President of Thermal & Specialized Solutions at Chemours.
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Chemours The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the resignation of Alisha Bellezza, President, Thermal & Specialized Solutions (TSS), effective May 31.
Key Points:
- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the resignation of Alisha Bellezza, President, Thermal & Specialized Solutions (TSS), effective May 31.
- On June 1, stepping in as interim leader is Joseph (Joe) Martinko, Senior Business Director, Americas for TSS.
- Martinko has over 30 years of experience in the chemical industry, more than 20 years of which were with Chemours TSS and Fluoroproducts businesses.
- “Joe’s deep knowledge of our thermal management products portfolio, market, and customers is truly unmatched,” said Mark Newman, President and Chief Executive Officer at Chemours.
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Osaka Titanium Technologies This grade meets current as well as anticipated regulatory and ecolabel requirements for materials.
Key Points:
- This grade meets current as well as anticipated regulatory and ecolabel requirements for materials.
- Ti-Pure™ TS-6700 is a drop-in replacement for blue undertone TiO2 grades used in waterborne architectural coatings and boasts excellent dispersibility and outstanding durability.
- “At Chemours, we believe innovation that will move our industry forward must first and foremost center around the coatings producer.
- Only by deeply understanding their products, production processes, industry regulations, and ultimate goals can innovations be achieved that advance the state of coatings products,” said Carlos Verdejo, Vice President of Sales and Marketing at Chemours.
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Adjustment Corporate and Other was an offset to first quarter Adjusted EBITDA of $(45) million vs. $(65) million in the prior-year quarter.
Key Points:
- Corporate and Other was an offset to first quarter Adjusted EBITDA of $(45) million vs. $(65) million in the prior-year quarter.
- Cash used in operating activities for the first quarter of 2023 was $(119) million vs. $2 million cash provided by operating activities in the prior-year quarter.
- Capital expenditures for the first quarter of 2023 were $91 million vs. $106 million in the prior-year first quarter.
- Free Cash Flow for the first quarter of 2023 was $(210) million vs. $(104) million in the prior-year quarter.
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Osaka Titanium Technologies The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced today that the Board of Directors of Chemours declared a quarterly cash dividend of $0.25 per share on the company's common stock for the second quarter of 2023.
Key Points:
- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced today that the Board of Directors of Chemours declared a quarterly cash dividend of $0.25 per share on the company's common stock for the second quarter of 2023.
- The dividend will be paid on June 15, 2023, to stockholders of record as of the close of business on May 15, 2023.
