The Chemours Company has signed definitive agreements to sell the remaining land at its former titanium dioxide manufacturing location in Kuan Yin, Taiwan.
The land sale is expected to generate approximately $360 million in gross cash proceeds.
The transactions are set to close by mid-year 2026, subject to local regulatory approval and environmental conditions.
Land Sale Agreement
Chemours to sell the former titanium dioxide site in Taiwan, generating $360 million in cash proceeds.
Debt Reduction
Cash proceeds from the land sale will be used to reduce the company's debt obligations.
Expected Closure
The transactions are anticipated to close by mid-year 2026, pending regulatory approvals.
- The sale of the titanium dioxide site marks a strategic move by Chemours to optimize its assets and strengthen its financial position.
- Using the cash proceeds to reduce debt aligns with the company's aim to enhance its financial stability and operational flexibility.
The Chemours Company's decision to sell its former titanium dioxide site in Taiwan signifies a significant step towards streamlining operations and improving financial health. The planned debt reduction and strategic allocation of proceeds demonstrate the company's commitment to long-term sustainability and growth.