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Albemarle to Raise Prices for Aluminum Alkyl Co-catalysts

Published on 2006-05-16. Author : SpecialChem

BATON ROUGE, La.-- Albemarle Corporation (NYSE: ALB) will increase the prices of the neat portion of its aluminum alkyl products by approximately 30 percent on a global basis effective June 15, 2006, or as contracts allow.

Prices for solvent blends of aluminum alkyls also will be increased to reflect higher solvent acquisition costs as needed.

"Drivers for this price increase include the need to recover record high aluminum, ethylene and energy costs," said Scott Martin, Albemarle Divisional Vice President of Polyolefin Catalysts. "The price increase is also needed to support our customers' global growth, our industry-leading proactive product stewardship services, and novel solutions for developing catalysts."

Albemarle's product stewardship services include development, improvement and sharing of processes for handling aluminum alkyl co-catalysts, including regular training seminars and publications to educate upstream suppliers and downstream chemical users on the safe and effective transport and use of aluminum alkyls.

Albemarle Corporation, headquartered in Richmond, Virginia, is the world's leading manufacturer and marketer of aluminum alkyl co-catalysts used in polyolefin production and chemical synthesis, as well as other specialty chemicals for consumer electronics; pharmaceuticals; agricultural, automotive and industrial products; and construction and packaging materials. The company's three business segments, Catalysts, Polymer Additives and Fine Chemicals, serve customers in more than 100 countries, generating annual revenue of more than $1.75 billion.

"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

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