Welcome to our dedicated page for Chemours Co news (Ticker: CC), a resource for investors and traders seeking the latest updates and insights on Chemours Co stock.
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 opened the Chemours Battery Innovation Center (CBIC) at its Discovery Hub in Newark, Delaware. This multi-million-dollar facility is designed to support the testing and scaling of next-generation battery technologies for hybrid and electric vehicles (EVs). The CBIC aims to enable more sustainable, cost-effective, and high-performing batteries.
The center leverages Chemours' expertise to drive innovation in partnership with customers, focusing on scaling production of more sustainable, high-performance lithium-ion batteries (LiBs). It features state-of-the-art equipment and data analytics capabilities for predictive modeling, helping EV manufacturers adopt novel battery manufacturing technology.
Chemours' Teflon™ fluoropolymer binders are highlighted as vital in developing solvent-free battery electrode manufacturing, which could lead to more cost-effective and energy-efficient vehicles.
The Chemours Company (NYSE: CC) reported its Q2 2024 financial results, showing a 6% year-over-year decrease in Net Sales to $1.5 billion. The company's Net Income attributable to Chemours was $70 million, or $0.46 per diluted share, compared to a Net Loss of $376 million in Q2 2023. Adjusted EBITDA declined 36% to $206 million. Key highlights include:
- Titanium Technologies segment saw a 5% decrease in Net Sales
- Thermal & Specialized Solutions segment experienced a 2% decline in Net Sales
- Advanced Performance Materials segment reported a 12% drop in Net Sales
- Cash flows used in operations were $620 million, reflecting $606 million usage from restricted cash
- The company returned $38 million to shareholders through dividends
Chemours expects a low to mid-single digit sequential decline in Net Sales for Q3 2024, with continued strong adoption of Opteon™ Refrigerants and growth in APM's Performance Solutions portfolio.
Gerardo Familiar, President of Advanced Performance Materials at Chemours, recently appeared on the Energy Evolution podcast by S&P Global Commodity Insights. He highlighted the essential role of Chemours' fluorine chemistries in a sustainable future and advocated for a science-backed, data-driven regulatory approach.
Familiar emphasized the unique qualities of fluoropolymers and low global warming potential (GWP) fluorinated gases in critical industries like automotive, medical, hydrogen production, and aerospace. He stressed their importance in achieving global decarbonization and net-zero emission goals, citing examples such as Nafion™ membranes in water electrolyzers for hydrogen production.
The discussion also covered Chemours' commitment to responsible manufacturing, including significant investments in emissions control, abatement technologies, and product life-cycle management.
Chemours (NYSE: CC) announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the company's common stock for the third quarter of 2024. The dividend is scheduled to be paid on September 13, 2024 to stockholders who are on record by the close of business on August 15, 2024.
Chemours, the only U.S. producer of titanium and zirconium minerals and one of two domestic rare earth mineral producers, has released its annual Sustainability Report titled 'Partnering for Progress'. The report highlights Chemours' commitment to responsible mining and habitat protection.
Key points include:
- Continuous reclamation efforts to restore mined areas
- Partnerships with organizations like Satilla Riverkeeper and St. Marys Riverkeeper
- Protection of sensitive habitats for species like gopher tortoises and indigo snakes
- Translocation of over 400 tortoises and 181 hatchlings over nine years
- New research partnerships in 2023 to study mining impacts on bird communities, rare plants, and wetland restoration
Chemours' mining operations in Florida and Georgia supply critical minerals vital to national security and economic prosperity, while maintaining a strong focus on environmental stewardship and wildlife conservation.
Chemours recently hosted high school students from Delaware's Middletown, William Penn, and St. Elizabeth's High Schools at its Discovery Hub. The event was part of the University of Delaware's FORGES program aimed at introducing students to summer research activities. During their visit, students toured various labs, including process development, immersion cooling, Opteon™ foam blowing, and hydrogen fuel cell testing labs. They also engaged in career discussions with Chemours employees and participated in a hands-on demonstration to analyze polymers. The initiative aims to inspire the next generation of scientists and engineers, focusing on increasing participation among women and underrepresented groups in materials science.
Chemours announces the release of its second quarter 2024 financial results on August 1, 2024, after market close. The company plans a conference call on August 2, 2024, at 8:00 a.m. EDT to discuss these results. The public can access this call via a live webcast and view the accompanying slides through the company's investor website. A webcast replay will be available on the same site.
The Chemours Company highlights the inadequacies of current air-cooled systems in data centers, as these systems won't meet the cooling needs of next-gen high-performance computing chips by 2026. With over 5,300 data centers in the U.S., this shortfall highlights an urgent need for improved solutions. Chemours introduces two-phase immersion cooling (2-PIC) as a groundbreaking technology poised to address this gap. This method offers benefits such as enhanced energy efficiency and a smaller physical footprint. The need for superior cooling solutions is driven by the increasing data processing and storage requirements essential for modern businesses, governments, and organizations.
Liquid cooling solutions, particularly 2-PIC, are presented as the technological frontrunners due to their historical roots and modern-day applications. Unlike air-cooling systems, liquid cooling removes heat more effectively by using water or dielectric fluids, potentially revolutionizing data center operations.
Chemours released its 2023 Sustainability Report titled 'Partnering for Progress,' emphasizing its 2030 Corporate Responsibility Commitment goals. The report highlights their progress in Environmental Leadership, Innovation & Sustainable Solutions, Community Impact, and creating the Greatest Place to Work for All.
Key achievements include receiving two U.S. Department of Energy Better Plants Program awards, developing a nature-based initiative with the Wildlife Habitat Council, and advancing towards GHG emission goals. Chemours invested $3M in the University of Delaware's Center for Clean Hydrogen and achieved 48% revenue from products contributing to UN SDGs.
The company expanded its ChemFEST program, donated $350,000 to the Discovery World Museum, and funded a $250,000 Diversity in Safety Scholarship. Chemours also earned Great Place to Work Certification in 15 regions and was recognized by U.S. News & World Report as a top chemical company to work for.
The Chemours Company (NYSE: CC) has resumed production at its titanium dioxide (TiO2) facility in Altamira, Mexico. The site had temporarily ceased operations on May 31, 2024, due to government-imposed water intake restrictions. The resumption follows the lifting of these restrictions by the Mexican government. Chemours, a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, anticipates that this development will help stabilize its production capabilities and supply chain. This resumption is a critical operational step for Chemours, ensuring continued service to its clients and maintaining market position.
