BATON ROUGE, La., Feb. 8, 2016 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a global leader in the refinery catalysts
industry, announced today that it will increase prices of its fluid
catalytic cracking catalysts by 10 percent, effective March 15, 2016, or as contracts allow.
"Albemarle continues to make significant investments in its FCC
business to improve operating flexibility and as part of our
commitment to the innovation and technical service programs that
help our customers meet the market's challenges and increase their
profits," said Dave Clary, Vice
President of Heavy Oil Upgrading. "Increased prices will help
sustain this level of support."
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 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 and its Quarterly Reports on Form
10-Q.
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SOURCE Albemarle Corporation