BATON ROUGE, La., Oct. 1, 2010 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a leading specialty chemicals maker,
announced today that it will increase its global prices for
elemental bromine by $500/mt and all
grades of hydrobromic acid by $250/mt. The price increases will take effect
November 1, 2010, or as contracts
allow.
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The global markets for these products continue to show strong
growth. These price increases will help justify investments
to meet increasing demand, and ensure a sustainable future for
these important chemicals.
Albemarle's bromine and hydrobromic acid are part of the
company's Performance Chemicals Division in the Fine Chemicals
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, Catalysts and Fine Chemistry.
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.
SOURCE Albemarle Corporation