The acquisition will significantly increase ore production.
Wilmington, Delaware, August 2, 2019/PRNewswire/--Chemours Company（Chemours CC, a multinational chemical company with leading market positions in fluorine products, titanium dioxide technology, and chemical solutions, announced today that it has acquired Southern Ionics Minerals, LLC (SIM), a mineral exploration, mining, and manufacturing company headquartered in Jacksonville, Florida. SIM was once a wholly-owned subsidiary of Southern Ionics Incorporated (SII), a private inorganic chemical manufacturer located in West Point, Mississippi.
The location where SIM mines and processes titanium and zirconium ore sands has a similar geological structure to the existing sand production site of Chemours Corporation in Florida. This acquisition provides great flexibility and scalability for Chemours to search for minerals internally, with production almost doubling. This acquisition includes a mineral processing plant located in Orferman, Georgia, an existing mine in Charlton County, Georgia, and an administrative office in Jacksonville, Florida.
Bryan Snell, President of Chemours Titanium Dioxide Technology, stated that SIM's assets are a beneficial supplement to the company's long-term business goals. Snell said, "When we announced our plan to start operating a new ore and sand field in Jessup, Georgia, we partnered with SIM to process the ore on their behalf. Their facilities for separating and processing minerals are crucial to our growth plan
But more importantly, SIM's good track record shows that they keep their promises and are responsible land managers and good neighbors in the communities where their business operates. Snell said, "Their values of honesty and trustworthiness are highly consistent with our company's unwavering values of integrity and commitment to corporate responsibility. We are proud that SIM and its employees have joined our mining business. He added.
Chemours produces Ti Pure from various ores Ti-Pure™ The unique ability of branded titanium dioxide. After acquiring SIM assets, the company will have more large, high-value ilmenite deposits to produce titanium dioxide. Acquiring these internally produced ores not only brings numerous advantages to the enterprise, but also provides customers with a stable and predictable cost structure, thereby investing in the construction capacity and product innovation of Ti Pure for the companyTi-Pure™ Value Stability Strategy (TVS) provides support while establishing value oriented and lasting customer relationships.
Snell pointed out that Chemourss has been mining sand in Florida for over 70 years and enjoys a reputation for responsible mining development. He added, "Excellent environmental management and strong local community support have always been the foundation of SIM's mining business in Georgia, and an important symbol of the collaboration between the two companies
After the completion of this transaction, SIM will become a wholly-owned subsidiary of Chemours Corporation. Chemours will integrate it into its existing operations.
