Delaware Public Media

Chemours

Delaware Public Media

Chemours ends its fiscal year with $7 million in profit after paying out a costly settlement to thousands of people claiming the DuPont spinoff is responsible for their cancer diagnoses.

via EPA

DuPont and its spinoff, Chemours, will pay $670.7 million to settle the roughly 3,500 lawsuits alleging the dumping of chemicals caused cancer in nearby communities.

Delaware Public Media

DuPont announced Tuesday it’s has agreed to sell the historic Hotel du Pont in downtown Wilmington to the Buccini/Pollin Group.

 


Delaware Public Media

Chemours will stay in its current downtown Wilmington home.

Wilmington-based chemical company says it’s agreed to sell the historic DuPont Building that serves as its headquarters to the Buccini/Pollin Group.   Chemours will lease space back as a long-term tenant and Buccini/Pollin will redevelop the building.

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Delaware Public Media

Earlier this year, Chemours decided to keep its headquarters in Delaware with the help of an nearly $8 million incentive package from the state.  And its latest earning report last month topped analyst expectations, leading some to suggest the company has turned the corner in its efforts to stand on its own after spinning off from DuPont.   We go one on one with Chemours CEO Mark Vergnano about the company’s health and future in the First State.

Delaware Public Media

The Diamond State Port Corporation is purchasing the Chemours Edge Moor site for $10 million.


Delaware Public Media

Chemours enjoyed its best quarter since spinning off from DuPont a little over a year ago.

The Wilmington-based chemical company announced a $204 million profit in its third quarter earnings report released Monday.

Chemours President and CEO Mark Vergnano credits the strong report to continued demand for its Opteon refrigeration line and cost-cutting efforts.

The company’s plan to reduce costs has trimmed expenses by more than $100 million - and about $60 million of those overall savings were realized in the third quarter.

Delaware Public Media

Chemours’ bottom line took a hit in its second quarter earnings report released Tuesday.

The Wilmington-based chemical company posted a net profit loss of $18 million for the quarter.

Delaware Public Media

The Chemours Company has decided to remain in Wilmington, keeping more than 1,000 jobs from leaving the state.

Chemours had considered relocating its headquarters to either New Jersey and Pennsylvania, but announced Tuesday that it will stay in the First State.

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