BATON ROUGE, La. -- Albemarle Corporation (NYSE: ALB), the world leader in flame retardant solutions for polymers, will increase the price for its SAYTEX CP-2000 flame retardant by US$0.30/kg, effective globally on all shipments made on or after February 1, 2007, or as contracts allow.
Albemarle flame retardants help improve the fire safety of materials found in circuit boards, connectors and enclosures for electronic and electrical devices; comfort foam in furniture and automobiles; wire & cable; and roofing, rigid insulation foam, adhesives, coatings and other construction materials.
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.
