BATON ROUGE, La., June 13 /PRNewswire-FirstCall/ -- Albemarle Corporation , a leading developer and manufacturer of antioxidants for lubricants and petroleum and biodiesel fuels, will increase prices worldwide for its ETHANOX(R) fuel and lubricant antioxidants.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
Price increases will range from US $0.30 to US $0.60 per kilogram, depending on product, region and packaging for all shipments taking place as of July 15, 2008, or as contracts allow.
"Rising costs of raw materials, energy and transportation, in addition to REACH-related regulatory support, make it necessary for us to implement this price increase now," said John McChesney, manager of Albemarle's global additives business.
ETHANOX antioxidants enhance the stability, improve the performance and extend the storage life of lubricants and fuels used worldwide. Albemarle's antioxidants business is part of the company's Polymer Additives business segment.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, 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.
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk
