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HZ info,Chemours has announced the sale of its former titanium dioxide manufacturing site in Taiwan, furthering its strategic focus on core business areas. The move is part of the company’s ongoing portfolio optimisation strategy.
The Chemours Company ("Chemours" or "the Company") (NYSE: CC), a global chemistry company with leading market positions in Thermal & Specialized Solutions ("TSS"), Titanium Technologies ("TT"), and Advanced Performance Materials ("APM"), today signed a set of definitive agreements to sell the remaining land1 at its former titanium dioxide manufacturing location in Kuan Yin, Taiwan to an ownership group including Century Wind Power Co., Ltd., Century Iron & Steel Industrial Co., Ltd., and Century Huaxin Wind Energy, Co., Ltd.
The land sale will generate approximately $360 million2 in gross cash proceeds, prior to customary taxes and fees. The transactions are expected to substantially close by mid-year 2026, subject to local regulatory approval, inclusive of environmental conditions. The Company will apply cash proceeds to reduce its debt obligations.
1 Dismantling and removal procedures for the Kuan Yin site were completed in the first quarter of 2025.
2 Reflects TWD to USD exchange rate as of the time of this release.
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