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Albemarle to Raise Prices of SAYTEX® HP-3010 and SAYTEX PBT-620 Flame Retardants

Published on 2006-05-23. Author : SpecialChem

BATON ROUGE, La. -- Albemarle Corporation (NYSE: ALB), the world leader in flame retardant solutions for polymers, will increase the global prices of its SAYTEX HP-3010 and SAYTEX PBT-620 brominated polystyrene flame retardants by 10 percent effective July 1, 2006, or as contracts allow.

Albemarle's SAYTEX HP-3010 and SAYTEX PBT-620 flame retardants help prevent fire in engineering plastics used in electrical and electronic connectors.

Albemarle's patents and market position in brominated, mineral and phosphorus flame retardant technologies, and its commitment to consumer fire safety advocacy and product stewardship make Albemarle the world leader in flame retardant solutions for polymers. The company's products help prevent fire in or improve the fire safety of materials found in circuit boards, connectors and enclosures for electronic and electrical devices; comfort foam in furniture and automobiles; wire & cable; and roofing, rigid insulation foam, adhesives, coatings and other construction materials.

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; construction and packaging materials. The Company operates in three business segments -- Polymer Chemicals, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries.

"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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