Wilmington, Delaware, December 1, 2021/PRNewswire/ - The Chemours Company ("Chemours") (NYSE: CC) is a global chemical company with expertise in titanium technology, thermal And Professional Solutions, Advanced Performance Materials, and Chemical Solutions, today announced that they have completed the sale of their Mining Solutions business to Draslovka Holding ("Draslovka"), a private company headquartered in the Czech Republic specializing in cyanide production.
Chemours President and CEO Mark Newman said: "The sale of Mining Solutions supports our focus on the sustainable growth of our three main businesses, while strengthening our balance sheet and our ability to create long-term value for shareholders." This transaction accelerates the transformation strategy that is already underway to grow and improve the quality of our earnings while providing greater financial flexibility. We will maintain the discipline of capital allocation and work to continue our balanced approach to create value."
About Chemours Company Chemours Company (Chemours or Company) (NYSE: CC) is a global leader in titanium technology, thermal and professional solutions, advanced performance materials and chemical solutions for customers in all walks of life Provide solutions to define market products, application expertise, and chemistry-based innovations. We provide the market with customized solutions for a wide range of industrial and specialty chemical products, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductors and consumer electronics, general industry, mining, and oil and gas. Our flagship products include well-known brands such as Ti-Pure™, Opteon™, Freon™, Nafion™, Krytox™, Teflon™ and Viton™. In 2019, Chemours was selected by Newsweek's list of America's Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing bases, serving approximately 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware, and is listed on the New York Stock Exchange under the symbol CC.
For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours and LinkedIn.
Forward-looking statements This press release contains forward-looking statements that meet the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, involving risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statements that are not directly related to historical or current facts. Words such as "believe", "anticipate", "will", "anticipate", "plan", "estimate", "target", "project" and similar expressions are generally used to identify "forward-looking statements", that is, only when making Speak on the day of such a statement. These forward-looking statements may involve the outcome or resolution of any pending or future environmental liabilities, any regulatory inquiries, the initiation, results or resolution of investigations or procedures, the initiation, results or resolution of any litigation, changes in the U.S. or other jurisdictions Regional environmental regulations affect the demand or adoption of our products, the expected future operations and financial performance of our various departments and the entire company, business plans, prospects, goals, targets and commitments, capital investments and projects and target capital expenditures, dividends or stocks Repurchase plans, adequacy or durability of intellectual property protection, cost reduction or savings goals, plans to improve profitability and growth, our ability to make acquisitions, integrate acquired business or assets into our operations, and achieve expectations The synergies or cost savings of the company, all of which are affected by significant risks and uncertainties, may cause the actual results to be materially different from the results expressed or implied in such statements. Forward-looking statements are based on certain assumptions and expectations about future events, which may be inaccurate or unachievable. These statements cannot guarantee future performance. Forward-looking statements also involve risks and uncertainties that Chemours cannot control. In addition, the current COVID-19 pandemic has had a significant impact on the national and global economy as well as commodity and financial markets, which has been and we expect to continue to have a negative impact on our financial performance. The full scope and impact of the pandemic is not yet clear. To date, it includes extreme volatility in financial and commodity markets, a significant slowdown in economic activity, and increased forecasts of a global recession. The response from the public and private sectors has led to severe travel restrictions, temporary business closures, quarantines, stock market volatility, and a general reduction in global consumer and business activity. Matters beyond our control have affected our business and operations, and may or may continue to restrict employee travel to our domestic and international business departments, adversely affecting the health and welfare of our employees, and significantly reducing the demand for our products , Hinder our ability to provide goods and services to customers, cause disruption to our supply chain, adversely affect our business partners, or cause other unpredictable events. In addition, there may be other risks and uncertainties that Chemours currently cannot identify, or Chemours currently does not expect to have a significant impact on its business. Factors that may cause or contribute to these discrepancies include the risks, uncertainties, and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including our quarterly report on Form 10-Q for the quarter ended September 30, 2021 and Our annual report on Form 10-K for the year ended December 31, 2020. Except as required by law, Chemours assumes no obligation to revise or update any forward-looking statements for any reason.
Investor Jonathan Lock Senior Vice President, Chief Development Officer and Investor Relations +1.302.773.2263 Investor@chemours.com
News Media Cassie Olszewski Media Relations and Financial Communications Manager +1.302.219.7140 media@chemours.com
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