Chemours plans to increase the company's titanium dioxide production capacity

On April 1st, 2019,Chemours President and CEO Mark Vergnano stated that the company is considering increasing its titanium dioxide production capacity and is currently seeking suitable opportunities and locations.

Chemours started in 2015DuPontSplit, currently with over 7000 employees, its three major business segments are titanium dioxide technology, fluoropolymers (such as Freon and Teflon), and specialty chemicals.

Last year, Chemours's total sales amounted to 6.6 billion US dollars, with an EBITDA of 1.74 billion US dollars. Nearly half of the company's sales come from the titanium dioxide technology business.

Marko stated that China is also one of the options for Chemours to establish a titanium dioxide factory, but the company has not yet made a final decision. China is the world's largest market for titanium dioxide. Chemours's last expansion of titanium dioxide production capacity occurred two years ago. The company's factory in Mexico was put into operation in 2016, increasing its annual titanium dioxide production capacity to 1.25 million tons.

Chemours has set its profit forecast for this year (earnings before interest, tax, depreciation, and amortization) at .35-1.6 billion, lower than the level in 2018. Marko explained that the performance of the titanium dioxide technology business unit may not be as good as last year, and the company expects that the two businesses of fluoropolymers and specialty chemicals will still have good profitability.