Chemours agrees to sell former titanium dioxide site in Taiwan

Chemours (CC) signed a set of definitive agreements to sell the remaining land at its former titanium dioxide manufacturing location in Kuan Yin, Taiwan to an ownership group including Century Wind Power, Century Iron & Steel Industrial, and Century Huaxin Wind Energy. The land sale will generate approximately $360M in gross cash proceeds, prior to customary taxes and fees. The transactions are expected to substantially close by mid-year 2026. The company will apply cash proceeds to reduce its debt obligations.