BATON ROUGE, La., Feb. 15 /PRNewswire-FirstCall/ -- Albemarle Corporation , the world's leading manufacturer of flame retardants, will increase the global prices for most of its brominated flame retardants by up to five percent, except for SAYTEX RB-49, SAYTEX HP-7010 and PYROCHEK 68PB flame retardants, the prices for which will be increased by up to 10 percent, all effective April 1, 2006, or as contracts allow.
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Albemarle is committed to ensuring a reliable supply of product to service our customers' needs. This commitment includes continued investments in manufacturing and appropriate product testing. The price increase is needed in part to address these costs.
Albemarle is a leading supplier of specialty brominated flame retardants for a variety of resins and end-use applications, including plastics for computer circuit boards, consumer electronics housings and electrical and electronic connectors; automotive wire and cable; and 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. 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.
First Call Analyst:
FCMN Contact: courtney_brandt@albemarle.com
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