The Chemours Company (“Chemours” or “the Company”) (NYSE: CC), a world chemistry firm with main market positions in Thermal & Specialized Solutions (“TSS”), Titanium Technologies (“TT”), and Advanced Performance Materials (“APM”), signed a set of definitive agreements to promote the remaining land at its former titanium dioxide manufacturing location in Kuan Yin, Taiwan to an possession group together with Century Wind Power Co., Ltd., Century Iron & Steel Industrial Co., Ltd., and Century Huaxin Wind Energy, Co., Ltd.
Chemours has signed definitive agreements to promote the remaining land at its former titanium dioxide site in Kuan Yin, Taiwan, to a bunch led by Century Wind Power and associates.
The deal is anticipated to generate about $360 million in gross money proceeds, topic to approvals, with closing focused by mid-2026.
Proceeds can be used to scale back debt.
The land sale will generate roughly $360 million in gross money proceeds, prior to customary taxes and charges. The transactions are anticipated to considerably shut by mid-year 2026, topic to native regulatory approval, inclusive of environmental circumstances. The Company will apply money proceeds to scale back its debt obligations.
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ALCHEMPro News Desk (HU)