WILMINGTON, Del.
,
June 29, 2015
/PRNewswire/ -- The Chemours Company ("
Chemours
") today marks its expected spin-off from
DuPont
on
July 1, 2015
by ringing the opening bell at the
New York Stock Exchange
(NYSE).
"Just as today's bell-ringing ceremony signals the opening of a new trading day for the stock exchange, it marks a new and exciting beginning for
Chemours
as well. In just two days, we will complete our transition to an independent, publicly traded company that has both the wisdom and experience of 200 years as
DuPont
and the energy of a start-up out to make a name for itself," said
Mark Vergnano
, executive vice president,
DuPont
and chief executive officer designate of
Chemours
.
"As The
Chemours Company
, we will enjoy leading market positions in titanium technologies, fluoroproducts and chemical solutions," he continued, "positions propelled and sustained by our commitment to technology leadership, safer and more efficient processes, leading application development, and world-class products and enabling ingredients. We will be a nimble and responsive corporation that will define our success by our customers' successes, as well as the value we bring to our shareholders. This is an exciting day for us all."
Vergnano will ring the
NYSE
opening bell at
9:30 a.m. ET
today,
June 29, 2015
. A live webcast of The Opening Bell Ceremony (beginning at
9:25 a.m. EDT
) will be available at nyse.com.
About The
Chemours Company
The
Chemours Company
is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers 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 oil refining operations and general industrial manufacturing. Our flagship products include prominent brands such as Teflon®, Ti-Pure®, Krytox®, Viton®, Opteon® and Nafion®.
Chemours
has approximately 9,000 employees across 37 manufacturing sites serving more than 5,000 customers in
North America
,
Latin America
,
Asia-Pacific
and
Europe
.
Chemours
is headquartered in
Wilmington, Del.
For more, information please visit chemours.com or follow
Chemours
on Twitter at @chemours.
Forward-Looking Statements
This document contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. All statements that address expectations or projections about the future, including statements about growth strategies, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures, financial results and the anticipated date for
Chemours
common stock to begin trading on a "regular-way" basis on the
NYSE
, are forward looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties. Some of the important factors that could cause actual results to differ materially from those projected in any such forward looking statements are: (i) risks related to the anticipated timing of the separation through spin-off of
Chemours
, (ii) risks that the conditions to the separation are not satisfied, (iii) the risk that the expected benefits from the separation may not be fully realized or may take longer to realize than expected; (iv) continued validity of a private letter ruling from the
IRS
, which
DuPont
has received from the
IRS
, and the receipt and continued validity of a tax opinion, in form and substance acceptable to
DuPont
, and (v) additional factors described in DuPont's and
Chemours'
filings with the SEC. Neither DuPont nor
Chemours
undertakes any duty to update such forward-looking statements as a result of future developments or new information.
The DuPont Oval Logo, DuPont™, Teflon®, Ti-Pure®, Krytox®, Viton®, Opteon® and Nafion® are registered trademarks or trademarks of
DuPont
or its affiliates.
CONTACT:
MEDIA:
Robert Dekker
Global Corporate Communications Leader
+1.302.773.4509
[email protected]
INVESTORS:
Alisha Bellezza
Director of Investor Relations
+1.302.773.2263
[email protected]
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SOURCE The
Chemours Company
