Chemours Co Stock Price, News & Analysis

The Chemours Company (NYSE: CC) announced a quarterly cash dividend of $0.25 per share for Q4 2022, payable on March 15, 2023, to shareholders on record as of February 24, 2023. Chemours operates in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, serving around 3,200 customers globally with products in various industries. The company's strong market position is bolstered by its flagship brands including Ti-Pure™ and Teflon™. Despite the ongoing risks from the COVID-19 pandemic, Chemours remains committed to delivering shareholder value.

The Chemours Company (NYSE: CC) has unveiled its roadmap for next-generation thermal management solutions during the 2023 AHR Expo. The plan features three horizons: the first focuses on commercial product adoption of Opteon™ XL and XP refrigerants; the second emphasizes collaborative development of blends with lower global warming potentials; and the third aims for the introduction of innovative thermal management technologies by 2025. Chemours expresses its commitment to sustainability and efficiency in its product offerings, which cater to evolving regulatory requirements.

The Chemours Company (NYSE: CC) has initiated construction on a new 24,000 sq. ft. STEM facility at EastSide Charter School, Wilmington, DE. This Chemours STEM Hub aims to enhance access to STEM education for local students. Funded partly by a $4 million grant announced in 2021, the Hub will feature various educational spaces and community programs, including robotics and coding. Expected completion is set for the 2024-2025 school year. The initiative underscores Chemours' commitment to developing underserved communities and fostering a diverse pipeline of future STEM talent.

Chemours celebrates Minjin Kim as a winner in the 2023 Engineered Systems 20 to Watch: Women in HVAC contest. This recognition, now in its fifth year, highlights influential women in the industry. Kim, a Global Market Leader at Chemours, focuses on developing new refrigerant solutions and expanding markets. Her work emphasizes sustainability in HVACR. This marks the second consecutive year a Chemours team member has won this award, following Stefanie Kopchick's recognition in 2022. Kim's career spans nearly 13 years in the chemical sector, advocating for gender equality and encouraging young women to pursue engineering careers.

The Chemours Company (NYSE: CC) launched its new Opteon™ XL41 refrigerant, aimed at replacing R-410A, with orders starting in December 2022 and fulfillment expected by the end of Q1 2023. This refrigerant boasts zero ozone depletion potential and approximately 78% lower global warming potential compared to R-410A, aligning with upcoming HFC regulations due to the American Innovation and Manufacturing Act. The company plans a $80 million expansion at its Texas facility to boost production capacity by 40%. Major manufacturers like Carrier and Johnson Controls have already selected Opteon™ XL41 for their systems, enhancing Chemours' market position.

Chemours has reinforced its commitment to sustainability with its Corporate Responsibility Commitment (CRC) established in 2018, driving ten strategic goals aligned with the United Nations Sustainable Development Goals by 2030. The initiative aims to enhance its sustainable portfolio, minimize environmental impact, and strengthen community investment while promoting safety and diversity within its workforce. With 6,400 employees globally, Chemours is actively participating in initiatives like Remove2Reclaim to foster plastic circularity and is involved in the European Green Deal, indicating a robust engagement in sustainable manufacturing and environmental stewardship.