Chemours to sell former titanium dioxide site in Taiwan

Wilmington, Delaware – Chemours Co. has agreed to sell the remaining land at its former titanium dioxide plant in Kuan Yin, Taiwan to a local ownership group.

The land sale will generate $360 million (€310 million) in gross cash proceeds, to be used to reduce debt obligations, Chemours announced 15 Jan.

The transactions are expected to substantially close by mid-year, subject to local regulatory approval, inclusive of environmental conditions.

Chemour closed its Kuan Yin TiO2 plant in August 2023 as part of a strategy to optimise operations, and the dismantling and removal procedures were completed in the first quarter of 2025.

The buyers of the land include Century Wind Power Co., Ltd., Century Iron & Steel Industrial Co., Ltd., and Century Huaxin Wind Energy, Co., Ltd.