Albemarle To Increase Price of MARTINAL(R) Flame Retardant
By Albemarle Corporation, PRNEThursday, May 13, 2010
LOUVAIN-LA-NEUVE, Belgium, May 14, 2010 - Albemarle Corporation (www.albemarle.com/ ) (NYSE: ALB), a global
leader in the development, manufacture and marketing of flame retardants,
announced today that it will increase prices of MARTINAL(R) fine precipitated
aluminum trihydrate flame retardants in Europe (including Central and Eastern
Europe, Turkey, Russia), Middle East, Africa, India and Asia-Pacific by 10%
on all MARTINAL(R) OL-104 based and low viscosity grades and 20% on all finer
grades.
(Logo: www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
This increase will be effective on all shipments after July 1, 2010 or as
contracts allow.
MARTINAL(R) flame retardants are part of the company's mineral fire
safety solutions within the polymer solutions business segment.
About Albemarle
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a
leading global developer, manufacturer, and marketer of highly-engineered
specialty chemicals for consumer electronics, petroleum refining, utilities,
packaging, construction, automotive/transportation, pharmaceuticals, crop
protection, food-safety and custom chemistry services. The Company is
committed to global sustainability and is advancing its eco-practices and
solutions in its three business segments, Polymer Solutions
(www.albemarle.com/Products_and_services/Polymer_additives/ ),
Catalysts (www.albemarle.com/Products_and_services/Catalysts/ )and
Fine Chemicals
(www.albemarle.com/Products_and_services/Fine_chemicals/ ). Corporate
Responsibility Magazine recently selected Albemarle to its prestigious "100
Best Corporate Citizens" list for 2010. Albemarle employs approximately 4,000
people and serves customers in approximately 100 countries. To learn more,
visit www.albemarle.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Albemarle
Corporation's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk Factors" in the
Company's Annual Report on Form 10-K.
Media Contact: Vivien Kilian, +32-10-483992, Vivien.Kilian at albemarle.com; Investor Relations Contact: Sandra Rodriguez, +1-225-388-7654, Sandra.Rodriguez at albemarle.com, both of Albemarle Corporation
Tags: Albemarle Corporation, belgium, Louvain-la-neuve, May 14, Western Europe