Chemours Co Stock Price, News & Analysis

Chemours has awarded scholarships to four local students in West Virginia as part of its Future of Chemistry Scholarship program, promoting access to STEM education. Recipients include Hayden Pelletier and Kody Wells, both receiving four-year scholarships of $10,000 annually, and Heidi Williams and Bryar Lamp, receiving two-year scholarships of $7,000 per year. This initiative is part of Chemours' broader commitment to invest $50 million in community safety and sustainability programs by 2030.

The Chemours Company (NYSE: CC) has awarded its second annual Carrier of the Year Awards to Marten Transport (Platinum) and Hirschbach Transportation Services (Gold) for their excellence in transporting Ti-Pure™ titanium dioxide. Marten achieved over 99% on-time delivery, while Hirschbach surpassed 95%. The awards reflect strong performance, commitment, and partnership in the Titanium Technologies supply chain. Chemours recognizes the value of dependable carriers in meeting customer needs and looks forward to future collaboration with these companies.

The Chemours Company (NYSE: CC) has signed a memorandum of understanding with West Virginia State University to enhance chemistry and chemical engineering education and workforce development.

The partnership includes internships for WVSU students, STEM education initiatives, funding for research projects, and scholarship opportunities. Chemours aims to engage in STEM outreach, while both entities will seek government funding for joint projects. This agreement reflects Chemours’ commitment to developing a sustainable talent pipeline in STEM fields.

The Chemours Company (NYSE:CC) announced the retirement of David Shelton, Senior Vice President and General Counsel, effective at the end of 2023. From October 1, Shelton will focus on legacy liabilities while Kristine Wellman will assume his role. Wellman brings over 20 years of legal experience and has significantly contributed to Chemours since its spin-off. CEO Mark Newman expressed gratitude for Shelton's impactful leadership and highlighted the importance of addressing legacy litigation as part of their strategic priorities.

The Chemours Company has initiated commissioning of its new Trail Ridge South mineral sand mine in Clay County, Florida, backed by a $93 million investment. This development is expected to create approximately 50 jobs in the region. The facility will enhance Chemours' capacity as the only domestic producer of titanium and zirconium minerals. The operation aims to ensure a secure mineral supply for producing Ti-Pure™ titanium dioxide, supporting both local employment and national economic prosperity with minimal environmental impact.

The Chemours Company (NYSE: CC) has released its fifth annual Corporate Responsibility Commitment (CRC) Report, highlighting its progress in sustainability and environmental leadership. Key achievements include a 40% reduction in air and water emissions since 2018, 47.2% of revenue derived from products supporting UN Sustainable Development Goals, and completion of supplier assessments for 81% of the supply chain. Chemours is committed to achieving gender and ethnic diversity within its workforce and is pursuing science-based targets for climate action. The report underscores the company’s dedication to responsible chemistry and innovation.

The Chemours Company (NYSE: CC) reported strong Q2 2022 results, achieving record Net Sales of $1.9 billion, up 16% year-over-year. Net Income reached $201 million, with EPS of $1.26. Adjusted EBITDA rose 30% to $475 million, driven by high demand for refrigerants and specialized products. Free Cash Flow increased by 21% to $229 million. The company is now targeting the high end of its Adjusted EBITDA guidance for 2022 and has increased its Free Cash Flow outlook to over $600 million. A plant expansion in Texas is also planned to meet growing demand for Opteon™ refrigerants.

The Chemours Company (NYSE: CC) announced an $80 million capacity expansion for its Opteon™ YF refrigerant, aiming to increase production by approximately 40%. This initiative supports customer demand for lower global warming potential (GWP) refrigerants as global regulations evolve. The facility, operational since June 2019, is among the largest of its kind worldwide. Chemours estimates its low-GWP product line will help eliminate about 325 million tons of carbon dioxide equivalent by 2025, aligning with sustainability goals while bolstering its competitive market position.