All products in the new TS portfolio feature a sustainability-driven value proposition and support Chemours’ aspiration to become the most sustainable TiO2 enterprise in the world
WILMINGTON, Del., December 06, 2022--(BUSINESS WIRE)--The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced a new Ti-Pure™ titanium dioxide (TiO2) product portfolio: the Ti-Pure™ Sustainability (TS) series, which includes two high-performance grades. This new product family showcases Chemours’ commitment to advancing its enterprise, business unit, and customers’ sustainability goals.
"When we say we aspire to be the most sustainable TiO2 enterprise in the world, we mean it," says Ed Sparks, President, Titanium Technologies and Chemical Solutions at Chemours. "Our customers are hungry for sustainable solutions, so we’re proudly answering the call with both new and existing sustainably-minded TiO2 innovations."
The first two products in the new Ti-Pure™ Sustainability series include:
Ti-Pure™ TS-6300, a high-opacity pigment for coatings applications designed to advance sustainability, minimize climate impact, and maximize resource efficiency through superior hiding power and reduced material consumption. To help customers quantify the environmental impact reduction of this grade, Chemours recently launched the Ti-Pure™ TS-6300 Environmental Footprint Calculator.
Ti-Pure™ TS-6200, a super durable grade specifically designed to advance sustainability, minimize climate impact, and maximize resource efficiency through improved dispersion and reduced energy, extended product life and avoided waste.
Both are existing grades specifically designed to empower coatings formulators to create high-quality, long-lasting products that reduce material consumption and CO2e emissions.
"As a science-based company, it’s important to note that our Ti-Pure™ Sustainability series is rooted in data and action," said Cristiana Borrelli, Director of Technology for Titanium Technologies. "In the coming months, we will launch several new products—across each of our core segments—that were specifically designed to advance sustainability by tackling some of society’s, and our customers’, greatest challenges. The goal is to make sustainability-driven decisions simpler for our customers, and we believe this new sustainability portfolio will enable us to do just that."
As a part of the launch, Chemours will add enhanced product sustainability designations—including climate impact, circularity, resource efficiency, and health and wellness—to its TS product series. Additionally, the business will align its new product development pipeline to the same categories, ensuring all innovations align with critical customer and societal challenges, enabling at-a-glance sustainability comparisons, and ultimately helping customers advance their sustainability goals.
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials 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, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 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 still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel 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, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005024/en/
Contacts
INVESTORS
Jonathan Lock
SVP, Chief Development Officer
+1.302.773.2263
investor@chemours.com
Kurt Bonner
Manager, Investor Relations
+1.302.773.0026
investor@chemours.com
NEWS MEDIA
Cassie Olszewski
Media Relations and Financial Communications Manager
+1.302.219.7140
media@chemours.com
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