BATON ROUGE, La., June 22 /PRNewswire/ -- Stannica LLC, a leading producer and supplier of organotin intermediates used mainly in the production of PVC heat stabilizers, will raise prices of its organotin intermediates up to 15 percent globally, effective July 1, 2007, or as contract terms permit.
Stannica, a joint venture of Albemarle Corporation and Arkema Group, produces organic and inorganic tin intermediates used as key raw materials in the production of tin-based PVC heat stabilizers. Tin stabilizers aid in the processing of rigid PVC applications (pipe, window profiles, siding, fencing) and some flexible PVC applications (packaging). Learn more about Stannica at http://www.stannica.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.
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