The Chemours Company signed a set of definitive agreements to sell the remaining land at its former titanium dioxide manufacturing location in Kuan Yin, Taiwan to an ownership group including Century Wind Power Co., Ltd., Century Iron & Steel Industrial Co., Ltd., and Century Huaxin Wind Energy, Co., Ltd.
The land sale will generate approximately $360 million in gross cash proceeds, prior to customary taxes and fees. The transactions are expected to substantially close by mid-year 2026, subject to local regulatory approval, inclusive of environmental conditions. The Company will apply cash proceeds to reduce its debt obligations.