Increase Includes Flame Retardants, Fillers, Pigments and Ceramic Oxides
BATON ROUGE, La., Nov. 30 /PRNewswire-FirstCall/ -- Albemarle
Corporation (NYSE: ALB), the world leader in the development and marketing
of aluminum trihydroxide and other specialty aluminas for flame retardants,
fillers and other industrial applications, will increase the prices for all
of its specialty aluminas up to 15 percent, effective globally on all
shipment made on or after January 1, 2008, or as contracts allow. The
increases are needed to help offset the rapidly escalating raw material
prices, raw material freight costs and energy costs required to manufacture
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
The price increases will take effect for all of the following products:
-- MARTINAL(R) aluminum trihydroxide (ATH) flame retardants
-- MARTIFIN(R) specialty alumina pigments
-- MARTOXID(R) aluminum oxide products
-- COMPALOX(R) activated aluminas
Plastics compounders and polymer manufacturers use Albemarle's MARTINAL flame retardants and technical services to add life-saving properties to wire & cable, roofing, flooring, pipe and other building and construction materials. MARTINAL fillers are also used to improve injection-molded plastic parts, insulating foams and certain electrical and electronic parts.
Albemarle's specialty ATH products are applied as pigmented fillers and coating minerals in the paper and board industry (MARTIFIN specialty pigments); as high-quality calcined aluminas for the industrial ceramics, refractory, and surface treatment industries (MARTOXID aluminum oxides); and as adsorbents and catalysts in chemical processes and environmental protection (COMPALOX activated aluminas).
Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments-Polymer Additives, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries. Learn more about Albemarle at http://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 which 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|
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