Chemours Temporarily Halts Titanium Dioxide Production in Mexico due to Drought, Completes Internal Review
In response to the severe drought affecting Mexico, The Chemours Company has announced a temporary pause in titanium dioxide (TiO2) production at its manufacturing facility in Altamira. The global chemistry company is complying with the government’s request to minimize water intake and conserve water for the surrounding communities. This move demonstrates Chemours’ commitment to environmental responsibility and supporting the needs of local residents.
The scarcity of water caused by the drought has led to the company’s decision to suspend operations temporarily. By reducing water consumption, Chemours aims to ensure that the local communities have access to this vital resource. The Altamira facility primarily produces TiO2, a pigment widely used in various industries, including paints, coatings, plastics, and construction materials. While this pause in production may have an impact on the supply of TiO2, Chemours is dedicated to serving its customers through its other manufacturing sites around the world.
This announcement comes as Chemours provides an update on its internal review. The company had previously disclosed that the Audit Committee of the Board of Directors, with the assistance of independent outside counsel, had been overseeing an internal review in response to an anonymous report made to the Chemours Ethics Hotline. The review’s findings were delivered to the full Board on March 5.
Additionally, Chemours recently announced the completion of planned procedures by the Audit Committee regarding the internal review. This news indicates that the company has taken the necessary steps to address and resolve any issues raised in the anonymous report.
The completion of the internal review and the temporary halt in production at the Altamira facility are two significant developments for Chemours. These actions underscore the company’s commitment to transparency, ethical conduct, and corporate responsibility. By pausing production to conserve water during the regional drought, Chemours showcases its dedication to supporting the local communities in their time of need.
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