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United States

Profile: Chemours Co (CC.N)

CC.N on New York Stock Exchange

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29 Jul 2016
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The Chemours Company, incorporated on February 18, 2014, is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. Its Titanium Technologies segment produces titanium dioxide (TiO2). The Company's Fluoroproducts segment provides fluoroproducts, such as refrigerants and industrial fluoropolymer resins. Its Chemical Solutions segment provides industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers and other industries. The Company operates approximately 30 production facilities located in over 10 countries and serves a range of end markets in over 130 countries.

Titanium Technologies

The Company's Titanium Technologies segment manufactures TiO2, which is a pigment used to deliver whiteness, opacity, brightness and protection from sunlight in applications, such as architectural and industrial coatings, plastic packaging, polyvinyl chloride (PVC) window profiles, laminate papers, coated paper and coated paperboard used for packaging. The Company sells its TiO2 products under the Ti-Pure brand name to over 800 customers globally. It operates approximately four TiO2 production facilities: two in the United States, one in Mexico and another in Taiwan. In addition, it has repackaging and distribution facility in Belgium and operates a mineral sands mining operation in Starke, Florida. It sells approximately 20 different grades or forms of TiO2, each tailored for different applications to address undertone, dispersion and other application criteria for different end uses. It supplies zircon in North America, focused on the precision investment casting (PIC) industry, foundry and specialty applications, and ceramics. Its staurolite blasting abrasives, sold as Starblast, are used in steel preparation and maintenance, and paint removal.

The Company competes with The National Titanium Dioxide Company, Ltd. (Cristal), Huntsman International LLC, Kronos Worldwide, Inc. and Tronox Limited.

Fluoroproducts Segment

The Company's Fluoroproducts segment is engaged in providing fluorine-based material solutions. The Company is engaged in the development of sustainable technologies, such as Opteon, a line of low Global Warming Potential (GWP) hydrofluoroolefin (HFO) refrigerants and foam expansion agents. The Company provides fluoropolymer resins and downstream products and coatings, marketed under the Teflon brand name. Teflon industrial resins are used in high-performance wire and cable, and multiple components in high-tech processing equipment. It sells fluoroproducts through approximately two product groups: Fluorochemicals and Fluoropolymers. Its Fluorochemicals products include refrigerants, foam expansion agents, propellants and fire extinguishants. Its Fluoropolymers products include various industrial fluoropolymer resins, and serve a range of industrial and applications spanning from wearable electronics to automotive, network cables, pipe lining and gaskets, corrosion resistance, surface protections, non-stick adhesion and thermal stability, among others.

The Company competes with Honeywell, Arkema, Mexichem, Dongyue, Juhua, Daikin, 3M, Solvay, Asahi Glass Company, Chenguang and Whitford.

Chemical Solutions Segment

The Company's Chemical Solutions segment comprises a portfolio of industrial and specialty chemical businesses operating in the Americas. The Chemical Solutions segment's products are used as raw materials and catalysts for a group of industries, including gold production, oil refining, agriculture and industrial polymers. It provides several chemical solutions products, including sodium cyanide and sulfuric acid. The Company sells its products and solutions through approximately three product groups: Cyanides, Sulfur Products, and Performance Chemicals and Intermediates. The Cyanides product group includes sodium cyanide, hydrogen cyanide and potassium cyanide. It is involved in solid sodium cyanide production in the Americas, which is used by the mining industry for gold and silver production. The Sulfur Products group produces both non-fuming sulfuric acid products and higher value sulfur derivative products (HVSDs), such as oleum, sulfur trioxide and chlorosulfonic acid. This product group also provides spent acid regeneration and sulfur gas recovery services to the oil refining industry. In the Performance Chemicals and Intermediates product group, it manufactures a range of chemicals used in various applications, such as water treatment, cleaning (household, institutional and industrial), agricultural chemicals, textiles and electronics. Its Performance Chemicals and Intermediates business includes various product lines, including Clean & Disinfect chemicals, Aniline, Methylamines, Glycolic Acid, Vazo free radical initiators and Reactive Metals.

The Company competes with Orica, Cyanco, Samsung, Ecoservices, Chemtrade, Evoqua, OxyChem, CABB, Taicang Xinmao and United Initiators.

Company Address

Chemours Co

1007 Market St
WILMINGTON   DE   19898-1100
P: +1302.7731000
F: +1302.6555049

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