BATON ROUGE, La., Nov. 29 /PRNewswire-FirstCall/ -- Specialty chemicals maker Albemarle Corporation (NYSE: ALB) will increase minimum delivered prices of dibromomethane (also referred to as DBM, methylene dibromide, or MDB) by US$0.30/kg for full-container shipments, effective worldwide December 1, 2007, or as contracts allow.
"This price increase is needed to cover higher costs, in particular higher raw material, transport and energy costs," said Sharon McGee, Albemarle business manager of bromine industrial chemicals.
Dibromomethane is used in the manufacture of crop chemicals, pharmaceuticals, water treatment chemicals, insect repellents, and other chemicals.
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|
Copyright©2007 PR Newswire.
All rights reserved