WILMINGTON, Delaware, June 29, 2015 /PRNewswire/ - The Chemours Company ("Chemours") today marked its expected spin-off from DuPont on July 1, 2015 by ringing the opening bell at the New York Stock Exchange (NYSE).
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"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.
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.
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