BATON ROUGE, La., Oct. 26 /PRNewswire-FirstCall/ -- Albemarle Corporation , the world leader in the development, manufacture and marketing of flame retardants, will increase prices 10 percent for SAYTEX HP-900 flame retardant for polystyrene foams and other materials, effective globally on all shipments made on or after December 1, 2007, or as contracts allow.
Plastics compounders and polymer manufacturers use SAYTEX flame retardants and Albemarle technical services to add life-saving properties to materials found in rigid foam insulation and roofing materials; circuit boards, connectors and enclosures for electronic and electrical devices; flexible foam in furniture and automobiles; wire & cable; and coatings, adhesives, sealants and other building materials.
Albemarle's industry-leading flame retardants enhance the lives of millions of people every day by providing protection from fire, encouraging responsible and sustainable product manufacturing practices, and driving technological and economic development.
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.
