The Chemours Company Agrees to Sell Former Titanium Dioxide Site in Taiwan

Core Viewpoint - The Chemours Company has signed definitive agreements to sell its remaining land at the former titanium dioxide manufacturing site in Kuan Yin, Taiwan, generating approximately $360 million in gross cash proceeds, which will be used to reduce debt obligations [1][2]. Group 1: Company Overview - The Chemours Company is a global leader in industrial and specialty chemicals, operating in markets such as coatings, plastics, refrigeration, and air conditioning [3]. - The company has three main business segments: Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials, and offers products under well-known brands like Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™ [3]. - Chemours is headquartered in Wilmington, Delaware, employs approximately 6,000 people, and serves around 2,500 customers across approximately 110 countries [3]. Group 2: Transaction Details - The land sale is expected to close by mid-year 2026, pending local regulatory approval, including environmental conditions [2]. - The gross cash proceeds from the sale will be approximately $360 million before taxes and fees, which will be allocated to reduce the company's debt [2].