- Covestro signs first major renewable energy agreement for its US operations
- Toyochem constructs new pilot facility for high-performance polymers in Japan
- Omya extends lightweight fillers portfolio with the acquisition of Bublon
- USA’s Brightland Homes selects PPG as exclusive paint provider for new home builds
- SABIC and global chemical companies sign agreement with TNO for R&D hub for plastic w...
The Chemours Company, a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, has announced that in less than two years after its 2015 spinoff it has been named for the first time to the Fortune 500 list of the nation’s largest corporations. With US$5.5B in revenues in 2016, Chemours ranks #482 on the overall list revealed last week via Fortune Magazine.
"We’re so proud to see our name on this coveted list less than two years after becoming a public company and overcoming some real challenges at our start," said Mark Vergnano, President and CEO, adding, "This honour was not given; it was earned. It is a testament to the flawless execution by our workforce of our five-point transformation plan and demonstrates the strides that our company has made to become a stronger, healthier and more stable company."
Chemours’ transformation plan, launched in 2015, has served as the company’s roadmap to dramatic fiscal and organsational improvements. Its focus continues to be reducing structural costs, growing market positions, optimisng the company’s portfolio, refocusing investments and transforming the company’s culture.
Said Vergnano, "While it’s affirming to make the Fortune 500 list, we realise we have to keep working hard to stay on the list, to bring our transformation plan to a successful completion by the end of 2017 and to realise our full potential as we continue on our journey of growth."