Chemours joins the list of the 500 largest businesses in the United States.
With more than $5.5 billion in revenue last year, Chemours ranked 482 on the list, released Wednesday morning by Fortune Magazine.
“This is a recognition of success and another bit of evidence that Chemours’ plan is succeeding,” said Jim Butkiewicz, chair of the University of Delaware’s Economics Department.
Chemours, which has about 1,000 workers in the state, is the third Delaware company to join the Fortune 500 list. Its former parent, DuPont, and Navient are also members.
“We’re so proud to see our name on this coveted list less than two years after becoming a public company and overcoming some real challenges at our start,” said Chemours CEO Mark Vergnano. “This honor was not given; it was earned. It is a testament to the flawless execution by our workforce of our five-point transformation plan.”
Chemours’ has seen tremendous success in 2017. In the first quarter, Chemours reported a net profit of $150 million, up from $99 million during the first quarter of 2016. A stunning turnaround in profits was not the only good news for Chemours. Sales reached $1.4 billion in the first quarter, up from $1.3 billion in the first quarter of 2016. Chemours’ two largest units – Fluoroproducts and Titanium Technologies – both reported sales increases over more than 20 percent over the first quarter of 2016.
Read the full article at DelawareOnline.com
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