CC - Chemours to form JV with BWT for transportation fuel cell market

• Chemours ( NYSE: CC ) said Monday it plans to enter into a joint venture with BWT FUMATECH Mobility, which focuses on membrane manufacturing in fuel cell technology.
• CC and BWT will integrate their complementary capabilities, resources, and technological expertise through the JV - THE Mobility F.C. Membranes - to expedite supply to original equipment manufacturers.
• Located in Germany, the JV will cooperate with FUMATECH, a unit Austria-based BWT Group, and its existing production technology and line operations to convert Chemours Nafion ion exchange materials into end-product membranes.
• The companies expect the JV to ramp up the capacity of manufacturing heavy-duty humidifier and fuel cell membranes for long-term customers within 12 months of startup.

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