Chemours Makes Fortune 500 List a Second Consecutive Year
Representing the Latest Proof Point of the Company's Growth Strategy
WILMINGTON, Del., May 21, 2018 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, today announced it made the Fortune 500 list of the nation's largest corporations for the second consecutive year. With $6.2B in revenues in 2017, Chemours ranks #451—up from #482 in 2017—on the overall list revealed today via Fortune magazine.
"We're honored to appear on this coveted list and prouder yet to have risen through the ranks in such a short time," said Chemours President and CEO Mark Vergnano. "This announcement is just another example of how we are earning our way to growth by advancing higher value chemistry. The same excellence and relentless focus that powered the successful execution of our transformation plan, will enable us to deliver against our growth plan."
Chemours completed its five-point transformation plan in December 2017 and pivoted to launch its three-year growth strategy, supported by business-specific strategies and four growth pillars: portfolio, partnerships, performance, and people. This strategy is designed to drive growth across Chemours' three business units, creating higher value for investors, customers, and partners.
"This success is only possible through the incredible work and dedication of our employees, not only meeting, but exceeding expectations, owning our plan and flawlessly executing," added Vergnano. "I cannot wait to see all we accomplish together in 2018 and beyond."
About The Chemours Company
The Chemours Company (NYSE: CC) helps create a colorful, capable and cleaner world through the power of chemistry. Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and general industrial manufacturing. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and Nafion™. Chemours has approximately 7,000 employees and 26 manufacturing sites serving approximately 4,000 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC. For more information please visit chemours.com.
Forward Looking Statements
This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that 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 any historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "anticipate," "target," "project," and similar expressions, among others, generally identify "forward-looking statements" which speak only as of the date the statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, litigation and other legal proceedings or contingencies, anticipated future operating and financial performance, business plans and prospects, transformation plans, cost savings targets and plans to increase profitability, that 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 which may not be accurate or realized. Forward-looking statements also involve risks and uncertainties which are beyond Chemours' control. 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 Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2017. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
CONTACT:
NEWS MEDIA
Alvenia Scarborough
Director of Corporate Communications and Brand Marketing
+1.302.773.4507
[email protected]
INVESTORS
Jonathan Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
[email protected]
SOURCE The Chemours Company
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