Delaware Public Media

Chemours sees strong second quarter

Aug 3, 2017

Delaware-based chemical giant Chemours posted strong numbers in the second quarter of 2017. 

Net sales are up 15 percent for the Wilmington-based chemical company, at $1.6 billion. The company also reports its reduced its debt to $2.5 billion.

 

After taking an $18 million loss for last year’s second quarter,  net income was in the black this quarter at $161 million.

 

"With two years behind us as a stand-alone company, we are seeing the positive effects of our transformation plan paired with improving end markets," CEO Mark Vergnano said in a statement.

 

He cited strong performance of the company’s titanium dioxide and refrigerant products for the boon.

 

"We are pleased with the strength of the first half (of the year) and expect to continue this positive trajectory through 2017."

 

The Chemical Solutions segment saw a 30 percent decline this quarter.

 

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