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Chemours’ Headquarters to be Located at Wilmington, Delaware

Published on 2016-08-04. Author : SpecialChem

WILMINGTON, Del. -- Chemours has announced that it will locate its global headquarters to Wilmington, Delaware.

“While we like to think of ourselves as a 200-year-old start-up, we’ve been an independent, publicly traded company for only just over a year now,” said President and CEO Mark Vergnano. “We’ve accomplished a good deal in a short time, standing up Chemours and making a host of decisions that ensure a sound and prosperous future. We have considered a number of locations for our world headquarters, but in the end it came down to what locale makes the most financial sense, offers our current workforce the right combination of amenities and conveniences, and allows us to attract great talent. Wilmington is that place, and we look forward to being part of its future growth.”

Chemours
Chemours

Chemours began evaluating headquarters location options more than 6 months ago with Delaware, New Jersey, and Pennsylvania all under active consideration. The company followed a disciplined evaluation process against a range of criteria, including quality of life for employees, access to a strong talent pool, and a positive, long-term financial case for the company.

“Chemours has a first-rate workforce, and the state of Delaware has a rich talent pool, so we believe Delaware's a great place for maintaining our superb employee base. That's a competitive advantage for us,” Vergnano added.

Recent changes to the state’s corporate tax structure brought about by the Delaware Competes Act, which was approved earlier this year with overwhelming, bi-partisan support of the Delaware legislature, were key components in Chemours’ decision.

“Today’s announcement is the result of strong support from Delaware’s elected officials at the federal, state and local levels, notably Governor Jack Markell, who spearheaded passage of the Delaware Competes Act along with Senate President Pro-Tem Patricia Blevins and House Majority Leader Valerie Longhurst. Solid relationships with Wilmington Mayor Dennis Williams, United States Senators Tom Carper, and Chris Coons, as well as Congressman John Carney also helped drive our decision. Chemours has enjoyed substantive dialogue with these leaders about issues of importance to our company, employees and future,” said Vergnano.

About The Chemours Company

The Chemours Company helps create a colorful, capable and cleaner world through the power of chemistry. Chemours is one of the global leaders in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and oil refining operations and general industrial manufacturing.

Source: Chemours
 

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