BATON ROUGE, La., March 26, 2015 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a global developer, manufacturer and
marketer of highly engineered specialty chemicals, announced today
that it will increase global prices for elemental bromine and
bromine derivatives by 30%. Clear brine fluids used in oil
drilling applications will not be included in these price
increases. The price increases are effective immediately, or
as contracts allow. The price increases are necessary to
ensure continued investment in customer technical support,
innovation, product stewardship and sustainability and a safe and
reliable supply chain.
About Albemarle
Albemarle Corporation, headquartered
in Baton Rouge, Louisiana, is a
premier specialty chemicals company with leading positions in
attractive end markets around the world. With a broad customer
reach and diverse end markets, Albemarle develops, manufactures and
markets technologically advanced and high value added products,
including lithium and lithium compounds, bromine and bromine
derivatives, catalysts and surface treatment chemistries used in a
wide range of applications including consumer electronics, flame
retardants, metal processing, plastics, contemporary and
alternative transportation vehicles, refining, pharmaceuticals,
agriculture, construction and custom chemistry services. Albemarle
is focused on delivering differentiated, performance-based
technologies that deliver innovative and sustainable solutions to
its customers. The Company employs approximately 6,900 people and
serves customers in approximately 100 countries. Albemarle
regularly posts information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, Regulation G reconciliations, SEC
filings and other information regarding the Company, its businesses
and the markets it serves.
"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.
Logo -
http://photos.prnewswire.com/prnh/20111129/MM14279LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/albemarle-to-increase-prices-of-elemental-bromine-and-bromine-derivatives-300056743.html
SOURCE Albemarle Corporation