The Chemours Company, a performance chemicals company that was founded in July 2015 as a spin-off from DuPont, has sold its aniline facility in Beaumont, Texas, to Dow Chemical Company for approximately $ 140 million in cash. Aniline, an aromatic amine, is mainly used is in the manufacturing of precursors to polyurethane and other industrial chemicals.
As part of this transaction, Chemours has entered into an agreement to meet Dow's additional aniline requirements with supply from its Pascagoula, Mississippi facility. Chemours will continue to serve other aniline customers from its Pascagoula plant.
“We have moved rapidly since Chemours was created in July to capture substantial cost reductions and streamline our portfolio. We will continue to take actions to deliver on every aspect of our five-point transformation plan, and to enable greater focus on our businesses that have the strongest advantages and greatest market opportunities. Dow owning the Beaumont aniline facility is a natural fit, since Dow has been our largest aniline customer for many years,” said Mark Vergnano, president and CEO, Chemours.
Chemours offers titanium technologies, fluoroproducts and chemical solutions for a wide range of industries such as plastics, coatings, refrigeration & air conditioning, mining, oil refining operations, etc.
