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Chemours (NYSE:CC) has temporarily paused production at its Altamira Titanium Dioxide (TiO2) manufacturing facility in Mexico, complying with a government request to minimize water intake due to severe drought impacting much of the country.
At this time, Chemours (CC) cannot predict the duration of the event due to the uncertainty of the “factors outside of its control”, it said in a statement, adding, it was working with the government, business, and community partners to identify and implement short-and long-term solutions.
Source: Press Release
