Albemarle to Raise Prices of Brominated Flame Retardant
Sep 26, 2006
BATON ROUGE, La. -- Albemarle Corporation (NYSE: ALB), the world's leading manufacturer of flame retardants, will increase the global prices of SAYTEX® RB-49 flame retardant by up to 10 percent effective October 1, 2006, or as contracts allow.
This price increase is needed in part to support investments to meet increasing demand and help ensure security of supply to customers.
Albemarle is a leading supplier of 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 and cable, electrical and electronic connectors, and construction and furnishing materials. Albemarle also offers plastic compounders and formulators a unique web-based platform to increase their understanding of flame retardant 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.
