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Chemours Co (CC) delivers essential chemical solutions through its titanium technologies, fluoroproducts, and advanced performance materials. This news hub provides investors and industry professionals with timely updates on strategic developments shaping the company’s role in coatings, refrigeration, and industrial innovation.
Access authoritative coverage of Chemours’ financial announcements, product innovations, and operational milestones. Track critical updates including quarterly earnings, sustainability initiatives, and regulatory developments alongside analysis of market positioning in the chemical sector.
Our curated news collection features press releases on titanium dioxide advancements, breakthroughs in low-global-warming refrigerants like Opteon™, and partnerships driving next-generation materials for electric vehicles and data center cooling. Stay informed on leadership changes, patent filings, and industry recognition impacting Chemours’ global operations.
Bookmark this page for streamlined access to verified updates on CC’s technological advancements and financial performance. Combine real-time alerts with historical context to assess the company’s evolving market strategy.
Chemours (NYSE: CC) has appointed Joseph (Joe) Kava to its Board of Directors, effective January 3, 2025. Kava, currently Vice President of Data Centers at Google, brings three decades of experience in leadership, operational, and technical roles. At Google, he oversees site selection, design, construction management, operations, and sustainability of the company's global data centers.
Prior to Google, Kava served as Chief Operating Officer at RagingWire Enterprise Solutions and spent 17 years in the semiconductor industry with LSI Logic and Applied Materials. He holds a BS in Materials Engineering and four U.S. patents in reactive ion and plasma etch technology.
The appointment aligns with Chemours' Pathway to Thrive business strategy, particularly in advancing their growth in AI and high-performance computing applications, specifically in data center cooling solutions.
The Chemours Company (NYSE: CC) has successfully completed the repricing of its Tranche B-3 Euro denominated Term Loan, which is due in August 2028. The Second Amendment reduces the applicable margin on the company's €415,000,000 Euro denominated term loan facility from adjusted EURIBOR + 4.00% to adjusted EURIBOR + 3.25%. The maturity date and other terms of the Term B-3 Euro Term Loan Facility remain substantially unchanged.
Chemours (NYSE: CC) announced that PCC Group plans to construct and operate a chlor-alkali facility at Chemours' titanium dioxide plant in DeLisle, Mississippi. The companies have entered into a chlorine supply agreement, pending customary conditions. The new facility will have an annual capacity of 340,000 metric tons and utilize state-of-the-art technology for maximum energy efficiency.
Construction is scheduled to begin in early 2026, with operations starting in 2028. The project requires no upfront financial commitment from Chemours and aims to lower manufacturing costs while improving supply reliability. The facility will produce caustic soda as a co-product, which PCC will sell to strategic partners and on the open market. The project is expected to create up to 1,200 temporary construction jobs and permanent positions for skilled personnel.
The Chemours Company (NYSE: CC) has successfully completed the repricing of its Tranche B-3 U.S. Dollar-denominated Term Loan, which is due in August 2028. The repricing reduces the applicable margin on the company's $1.07 billion senior secured term loan facility from adjusted Term SOFR + 3.50% to adjusted Term SOFR + 3.00%, or from adjusted base rate plus 2.50% to adjusted base rate plus 2.00%. The maturity date and other terms remain substantially unchanged.
The Chemours Company (NYSE: CC) has completed a private offering of $600 million in 8.000% senior unsecured notes due 2033. The notes are guaranteed by certain Chemours subsidiaries and were offered exclusively to qualified institutional buyers and non-U.S. persons. The net proceeds will be used to redeem all outstanding euro-denominated 4.000% Senior Notes due 2026 (€440,810,000), with the remainder allocated for general corporate purposes.
Chemours highlights the potential impact of two-phase immersion cooling (2-PIC) technology on data center energy efficiency. As data centers' power consumption is projected to increase from 3% to 8% of U.S. power generation by 2030, 2-PIC technology could reduce energy consumption by up to 40%. The company's Opteon™ 2P50 dielectric fluid is designed specifically for this application. Implementation of 2-PIC in U.S. data centers could eliminate up to 21.6 terawatt hours of future capacity, equivalent to powering over 2 million American homes. This innovation addresses the growing cooling demands of next-generation computing chips, which traditional air cooling systems may not meet by 2026.
The Chemours Company introduces Opteon™ 2P50, a developmental fluid for two-phase immersion cooling (2-PIC) designed to address data center sustainability challenges. As data centers currently consume 460 TWh of electricity annually and are expected to double energy consumption by 2026, this innovation offers significant improvements: up to 90% reduction in cooling energy consumption, 40% decrease in overall energy use, and 60% reduction in physical space requirements. A recent study with LiquidStack and Syska Hennessy confirmed the technology can reduce operational expenses by up to 88.6% compared to other liquid cooling techniques. The solution features a low global warming potential (GWP) of 10 and promotes circularity through fluid recovery and reuse.
The Chemours Company (NYSE: CC) has announced the pricing of a $600 million private offering of senior notes due 2033. The notes will carry an 8.000% interest rate, payable semi-annually starting July 15, 2025. The company plans to use the proceeds to redeem all outstanding euro-denominated 4.000% senior notes of €440,810,000 due 2026, with the remainder allocated for general corporate purposes. The notes will be senior unsecured obligations guaranteed by certain Chemours subsidiaries. The offering is expected to close on November 27, 2024.
Chemours (NYSE: CC) has announced plans to offer $600 million in senior notes due 2033. The notes will be senior unsecured obligations guaranteed by certain subsidiaries. The company plans to use the proceeds to redeem all outstanding euro-denominated 4.000% senior notes due 2026, with the remainder allocated for general corporate purposes. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
Chemours reported Q3 2024 financial results with Net Sales of $1.5 billion, up 1% year-over-year. The company recorded a Net Loss of $27 million ($0.18 per share), including a $56 million non-cash impairment charge, compared to Net Income of $12 million in Q3 2023. Adjusted EBITDA was $208 million, slightly down from $211 million last year.
The Thermal & Specialized Solutions segment achieved record Q3 sales, with Opteon™ Refrigerants growing 21% year-over-year. The company outlined a refreshed corporate strategy focusing on operational excellence, targeting over $250 million in cost savings through 2027.
