The Chemours Company, which has significant market positions in titanium technologies, fluoroproducts and chemical solutions, has announced two fresh elements of the company’s five-point transformation plan. It will close its Edge Moor, DL, manufacturing site, located outside Wilmington, DL, which produces titanium dioxide (TiO2) and will shut down a TiO2 line (line 3) at its Johnsonville plant in New Johnsonville, TN. Together, these actions will eliminate roughly 150,000 metric tonnes of TiO2 capacity while refocusing production at four manufacturing sites that employ the full range of Chemours TiO2 technology strengths. These changes, the company says, position Chemours to grow in the TiO2 industry by enhancing its production capabilities. “The decisions we are announcing today are connected directly to our five-point transformation plan, which sets out a clear, achievable path to our becoming a higher value chemistry company,” said Mark Vergnano, president and CEO of Chemours. The Edge Moor plant is configured to produce a TiO2 product for use in the paper industry, in applications that have declined steadily for years, with an accompanying slowdown in demand that has resulted in underused capacity at Edge Moor. “A plant closure is never an easy decision, because of its impact on people who are valued members of our company,” said E. Bryan Snell, president of Chemours Titanium Technologies.  “However, we believe this is the right business decision. Chemours is committed to the TiO2 market, and these changes position us for growth in the industry. plants in Mississippi, Tennessee, Mexico and Taiwan enjoy industry-leading productivity, as well as the ability to use ore feedstock across the quality spectrum. These factors give us a low-cost position that is a key competitive advantage. These closures are expected to result in a US$45-million annual net cost reduction. The company will incur non-cash charges of approximately $110-million related to the facility closing in the third quarter. Additional restructuring and other charges are expected to be in the range of $75- to $85-million and will be incurred during the next two-to-three years. The company is targeting the end of September to stop production at Edge Moor and Johnsonville line 3. The Chemours five-point transformation plan is focused on five strategic elements: reducing structural costs, growing market positions, refocusing investments, optimizing the portfolio, and enhancing the organization. www.chemours.com