The Chemours Company to Divest Former Titanium Dioxide Facility in Taiwan

The Chemours Company, a global chemistry company with leading positions in Thermal & Specialised Solutions (TSS), Titanium Technologies (TT), and Advanced Performance Materials (APM), has entered into definitive agreements to sell the remaining land at its former site for manufacturing titanium dioxide in Kuan Yin, Taiwan. The property will be acquired by an ownership group comprising Century Wind Power Co., Ltd, Century Iron & Steel Industrial Co., Ltd, and Century Huaxin Wind Energy Co., Ltd.

The land sale is expected to generate approximately $360 million in gross cash proceeds, before customary taxes and transaction-related fees. The transactions are anticipated to substantially close by mid-2026, subject to local regulatory approvals, including environmental clearances. The company intends to use the proceeds from the sale to reduce its outstanding debt obligations.

Source: Chemours