Hints and tips:
...The annual rush to sign off on financial statements has this week exposed issues at companies ranging from the chemicals giant Chemours to the toymaker Mattel....
...Shares of Chemours initially fell by a third after the company put executives on leave last month....
...The main difference here is that the company expects it will file its 10-K by March 15. Chemours has made no such assurances....
...Teflon maker Chemours warned on Wednesday that it had opened an investigation into its accounting and put top executives on leave, sending its shares down 31.5 per cent the following day....
...They are writing to 50 of the world’s biggest chemical companies, including Germany’s BASF, Chemours of the US and Japan’s Daikin....
...There has been plenty of litigation already against the biggest manufacturers of PFAS, notably 3M, DuPont and Chemours. and Corteva....
...Spun out of DuPont in 2015, in large part to safeguard the parent company against PFAS liabilities, Chemours is facing several lawsuits in the US over the compounds....
...Companies such as Chemours, Daikin of Japan and European chemicals makers Arkema and Solvay are leaders in production of these wonder materials....
...Public awareness and campaigning against the chemicals accelerated after the release in 2019 of the film Dark Waters, which detailed a case against the US company Dupont for dumping PFAS in waterways in...
...And yet others such as Chemours — a company spun out of Du Pont — and Japan’s Daikin are even opening new production lines to serve chipmakers and other industries....
...In December, it completed a $521mn takeover of US cyanide plants acquired from Chemours, which it is keeping open....
...The DowDuPont agglomeration might equally be seen as five separate listed companies. Just before the Dow/DuPont merger, DuPont spun off, tax free, to its shareholders, a business called Chemours....
...One such material, known as PFA, is only supplied by Chemours of the US and Daikin Industries of Japan. It requires extensive knowhow to process, and no competitors are on the horizon....
...Smart reads Potent mix How chemical companies like Chemours, DuPont and 3M used charm offensives and complex corporate transactions to avoid responsibility for what experts believe is a public health crisis...
...The sands, a mining byproduct, will be supplied by US-based chemicals group Chemours....
...The EU limits are “completely undermined by organised crime activities,” said Mark Vergnano, chief executive of Chemours. “We urge authorities to crack down on illegal imports of HFCs....
...In the words of Mark Vergnano, chief executive of Chemours, the EU limits are “completely undermined by organised crime activities”....
...Greenlight says the company remains “significantly undervalued.” Investments in Uniper and Chemours also outperformed....
...The sales include a $700m bond offering from hospital group Community Health Systems, a $500m deal from chemical company Chemours and a $1bn bond sale from Fortescue, the Australian iron ore company....
...The completed sales include a $900m bond offering from hospital group Community Health Systems, a $500m deal from chemical company Chemours and a $1.5bn bond sale from Fortescue, the Australian iron ore...
...Chemours has issued a rapid but generic denial of Citron’s charges. One of the accepted downsides of being a public company is having to respond to sharp-tongued detractors....
...So owning Chemours is a bet that the company’s markets cycle up again and that in the meantime management can manage both debt obligations and the dividend expectations....
...It said it now expected full-year operating earnings per share of $3.10, excluding 80 cents from its Performance Chemicals business, which on July 1 was spun off into Chemours, a separately listed company...
...The company spun off its commodity chemicals business — now known as Chemours — in July to focus on its more profitable, less cyclical speciality chemicals business but its shares fell 33 per cent in the...
...Chemours, the new chemicals company spun off from DuPont, plans to pay a stable dividend in spite of its high debts and the cyclical nature of its industry, its chief executive has said....
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