The Chemours Company (“Chemours” or “the Company”) (NYSE: CC), a global chemistry company with leading market positions in Thermal & Specialized Solutions (“TSS”), Titanium Technologies (“TT”), and Advanced Performance Materials (“APM”), signed a set of definitive agreements to sell the remaining land at its former titanium dioxide manufacturing location in Kuan Yin, Taiwan to an ownership group including Century Wind Power Co., Ltd., Century Iron & Steel Industrial Co., Ltd., and Century Huaxin Wind Energy, Co., Ltd.
Chemours has signed definitive agreements to sell the remaining land at its former titanium dioxide site in Kuan Yin, Taiwan, to a group led by Century Wind Power and affiliates.
The deal is expected to generate about $360 million in gross cash proceeds, subject to approvals, with closing targeted by mid-2026.
Proceeds will be used to reduce debt.
The land sale will generate approximately $360 million in gross cash proceeds, prior to customary taxes and fees. The transactions are expected to substantially close by mid-year 2026, subject to local regulatory approval, inclusive of environmental conditions. The Company will apply cash proceeds to reduce its debt obligations.
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ALCHEMPro News Desk (HU)
