BATON ROUGE, La., Aug. 25, 2015 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), announced today that it will relocate its
corporate headquarters and its Performance Chemicals business from
Baton Rouge, La. to Charlotte, N.C. In addition, it will relocate
Baton Rouge employees in its
Refining Solutions business to its existing Clear Lake,
Texas office. Approximately 120 of
the company's employees will be relocated to Charlotte and Clear Lake, with the majority of
the relocations expected to take place in June 2016.
"As we look at the ever-increasing demands for communication,
collaboration and mobility for our employees and our customers,
Charlotte is the best strategic
location to base the new Albemarle," said Luke
Kissam, Albemarle's
president and chief executive officer. "Located approximately
35 miles from our state-of-the-art lithium facility in Kings Mountain, metropolitan Charlotte provides easy and fast connectivity
with customers and colleagues, fostering a collaborative
environment and culture for our team. We look forward to
expanding our presence in North
Carolina becoming an even more significant partner in the
communities where we live and operate."
Kissam continued, "Our U.S.-based Refining Solutions team will
be strategically placed amidst our customers and partners in the
Houston area, a major hub of the
global refining industry, creating a more collaborative environment
for them to serve our customers."
Baton Rouge will continue to be
home to the company's R&D and manufacturing operations at its
Process Development Center and several functional and support
operations at its current downtown office. "Albemarle has enjoyed several successful years
in Baton Rouge, and we are
grateful for the partnership we share," added Kissam.
"Through the Albemarle Foundation, our employees have donated over
$11 million and countless hours
toward enhancing the community, and we look forward to continuing
this work well into the future."
The move follows the company's transformational $5.7 billion acquisition of Rockwood Holdings,
Inc. in January of this year. The company nearly doubled in
size and significantly increased its global presence, now employing
approximately 6,900 people and serving customers in approximately
100 countries.
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.
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SOURCE Albemarle Corporation