Albemarle to Raise Price of Brominated Flame Retardant
Nov 17, 2006
BATON ROUGE, La. - Albemarle Corporation (NYSE: ALB - News), the world's leading manufacturer of flame retardants, will raise the price of SAYTEX® 8010 flame retardant (ethane 1,2 bis(pentabromophenyl)) globally by up to $0.30/kg effective January 1, 2007, or as contracts allow.
Albemarle is committed to serving its customers' growing needs for this RoHS-compliant fire safety product and continues to invest in capacity to do so. In addition, Albemarle is dedicating additional resources to assure the sustainability of this critical product, including additional product testing and a product stewardship program targeted to help customers maximize efficient use of the product while minimizing emissions to the environment.
Albemarle supplies bromine-, phosphorus- and metal hydroxide-based flame retardants for a variety of resins and end-use applications, including plastics, rubber, coatings and laminates for printed wire board, electronic enclosures, wire & cable, electrical & electronic connectors, and other automotive, construction and furnishing materials. In conjunction with SpecialChem.com, Albemarle also offers plastic compounders and formulators a unique web-based platform to increase their understanding of technologies, properties, regulations and applications for brominated, metal hydroxide and organophosphorus flame retardants.
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.
"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.
