Chemours Completes Sale of Mining Solutions Business to Draslovka for $521 Million
WILMINGTON, Del., December 1, 2021 /PRNewswire/ - The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, today announced it completed the sale of its Mining Solutions business to Draslovka Holding a.s. ("Draslovka"), a Czech-based private company specializing in cyanide production.
"The sale of Mining Solutions supports our focus on the sustainable growth of our three principal businesses while bolstering our balance sheet and our ability to deliver long term shareholder value creation," said Mark Newman, Chemours President and CEO. "This transaction accelerates transformational strategies already underway to grow and enhance the quality of our earnings while affording increased financial flexibility. We will remain disciplined with capital allocation and are committed to a continuation of our balanced approach to building value."
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. In 2019, Chemours was named to Newsweek's list of America's Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing sites serving approximately 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
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