Chemours Launches School Partnership Program, ChemFEST
The Chemours Company (NYSE: CC) launched the Chemours Future of Engineering, Science, Trades and Technology (ChemFEST) program to support STEM education in under-resourced middle schools globally. With a commitment of $50 million towards community investment, Chemours will provide multi-year financial support to selected schools, starting with EastSide Charter School and Serviam Girls Academy in Wilmington, Delaware. Initiatives include $4 million for a new STEM facility and a $250,000 STEM Discovery Capstone Program, aiming to inspire a diverse future STEM workforce in light of over 800,000 expected job openings in the field.
- Chemours is investing $50 million in community education initiatives, reflecting strong corporate responsibility.
- The launch of ChemFEST aims to enhance diversity in STEM fields, addressing a critical labor market need.
- $4 million committed to EastSide Charter School for a new STEM facility demonstrates substantial financial backing.
- The Chemours STEM Discovery Capstone Program will provide long-term support and resources for students.
- None.
WILMINGTON, Del., Nov. 8, 2021 /PRNewswire/ -- The Chemours Company (NYSE: CC), a global chemistry company, today launched the Chemours Future of Engineering, Science, Trades and Technology (ChemFEST) school partnership program. To champion change toward a more diverse science, technology, engineering and math (STEM) workforce, Chemours will invest in under-resourced middle schools in its footprint communities around the world to ensure that younger students are exposed to STEM education early on. This is critical as research shows that proficiency and interest in STEM are most influential when initiated before students reach high school and begin choosing their courses.
"At Chemours, we're dedicated to investing in communities where we operate and leading the way on social responsibility for our industry. ChemFEST is one of the many ways we're living our commitments by ensuring more students from more backgrounds are exposed to, excited by, and interested in STEM early on in their educational journey. With every school and student we reach we're nurturing a more capable, inclusive, and diverse future STEM workforce that will be ready for the more than 800,000 openings for jobs in STEM-related fields over the next 20 years," said Mark Newman, president and chief executive officer of Chemours. "I'm extremely proud of ChemFEST, the dedication of Chemours employees around the world to vibrant communities, and to our commitment to helping shape a better world through the power of our chemistry."
As part of the ChemFEST school partnership program unveiling, Chemours announced the first two anchor schools to join the program. EastSide Charter School and Serviam Girls Academy – both located near Chemours' Wilmington, Delaware headquarters – will receive multi-year financial support for STEM learning activities, lab equipment, or other needed resources, in addition to, a range of volunteer and program collaborations with Chemours employees. As part of its commitment, Chemours will donate
"In 2020, Chemours committed to developing a school partnership program as part of our diversity action plan and Corporate Responsibility Commitments," said Alvenia Scarborough, senior vice president, corporate communications and chief brand officer at Chemours. "We believe that when words become actions is when real change happens. We're excited about ChemFEST and the chance to deepen our connections to the communities where Chemours' people live, work and play while also nurturing the next generation of STEM professionals from those same areas."
The ChemFEST school partnership model will be customized to meet the needs of each school and local community where Chemours operates. All programs will include multi-year financial support as part of Chemours' Corporate Responsibility Commitment goal to invest
To learn more about Chemours' ChemFEST school partnership program, visit www.chemours.com/chemfest.
About The Chemours Company
The Chemours Company (Chemours or the 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™, Nafion™, Krytox™, Teflon™, and Viton™. 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.
For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is unknown and to date has included extreme volatility in financial and commodity markets, a significant slowdown in economic activity, and increased predictions of a global recession. The public and private sector response has led to significant restrictions on travel, temporary business closures, quarantines, stock market volatility, and a general reduction in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to limit travel of employees to our business units domestically and internationally, adversely affect the health and welfare of our personnel, significantly reduce the demand for our products, hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 and in our Annual Report on Form 10-K for the year ended December 31, 2020. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
CONTACT:
NEWS MEDIA
Cassie Olszewski
Media Relations and Financial Communications Manager
+1.302.219.7140
media@chemours.com
INVESTORS
Jonathan Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
MEDIA RESOURCES
Additional media resources can be accessed here.
View original content to download multimedia:https://www.prnewswire.com/news-releases/chemours-launches-school-partnership-program-chemfest-301418334.html
SOURCE The Chemours Company
FAQ
What is the purpose of the ChemFEST program launched by Chemours?
How much is Chemours investing in the ChemFEST program?
Which schools are involved in the ChemFEST program?
What specific support will Chemours provide to the selected schools?
How does the ChemFEST program address the job market needs?
When will the Chemours STEM Discovery Capstone Program begin?
