Managing Multiple Headwinds To Preserve Industry Leadership
The Chemours Company
The Chemours Company (NYSE: CC), a global leader in titanium technologies, fluoroproducts, and chemical solutions, retained FTI Consulting to provide ongoing counsel on capital markets communications and special situations matters following its spin-off from DuPont and listing on the New York Stock Exchange (NYSE). FTI Consulting also advised Chemours on its IPO.
Our Role With Chemours
FTI Consulting worked closely with management to prepare for the company’s first earnings call against the backdrop of significant economic, litigation, and structural headwinds related to steep and ongoing declines in pricing for titanium dioxide (TiO2). Additionally, FTI Consulting worked with management to develop a plan and messaging to address legacy legal issues and an unsustainable dividend determined prior to the spin-off and subsequent dividend cut, and high leverage.
Immediately after the company’s separation from DuPont, Chemours launched a transformation plan to improve profitability and reduce its leverage. FTI Consulting advised on stakeholder communications related to the plan, as well as around subsequent milestones, including plant closings, workforce reductions, and asset sales.
Chemours continues to be an FTI Consulting client.