BATON ROUGE, La., May 30 LA-Albemarle-MAGNIFIN
BATON ROUGE, La., May 30 /PRNewswire-FirstCall/ - Leading global flame
retardants maker Albemarle Corporation (NYSE: ALB) will increase the prices
for its MAGNIFIN magnesium hydroxide (MDH) flame retardants up to 10 percent,
effective globally on all shipments made on or after July 1, 2008, or as
contracts allow. The increases are needed to help offset the rapidly
escalating energy prices and increased raw material costs required to
manufacture these products.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
Albemarle is a leading manufacturer and marketer of MDH flame retardants
for wire & cable and other polymer applications, and has leading market
positions in wire & cable applications with its high-purity MAGNIFIN MDH and
MARTINAL(R) aluminum trihydrate flame retardants. Plastics compounders and
polymer manufacturers use Albemarle's MAGNIFIN products and technical services
to add life-saving properties to wire & cable, electrical and electronic
parts, and construction materials such as flooring, roofing and insulating
foams. MAGNIFIN flame retardants are part of Albemarle'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.
SOURCE Albemarle Corporation
