Albemarle Corporation announces plans to expand its Orangeburg, SC facility

 Albemarle Corporation announces plans to expand its Orangeburg, SC facility

PR Newswire

BATON ROUGE, La., Dec. 6, 2012

BATON ROUGE, La., Dec. 6, 2012 /PRNewswire/ --Albemarle Corporation (NYSE :
ALB) has announced plans to expand its Orangeburg, SC manufacturing operations
to support growing demand for products in all three of its global business
units and the manufacture of a new line of sustainable fire safety solutions.
The $65 million investment over the next 5 years is expected to add 20 jobs to
support the expansion.

(Logo: http://photos.prnewswire.com/prnh/20111129/MM14279LOGO )

"We would like to thank the local community leaders for granting Albemarle a
license to operate in Orangeburg. The dedication of our employees and the
support for our operations here made Orangeburg the logical choice for these
growth projects," said Luke Kissam, Albemarle's Chief Executive Officer.

The expansion will occur between 2012 – 2016 and will add facilities to
manufacture two new products in the company's Fine Chemistry Services
business; GreenCrest^™, the company's latest addition to its Earthwise^™
portfolio of eco-friendly fire safety solutions in the Polymer Solutions
business; and expansion of its organometallic production unit to support the
growing Polymer Catalysts business.

Albemarle proceeding with the expansion project is subject to final approval
by the Orangeburg County Council. The third and final reading related to the
project is expected to occur on December 17^th.

About Albemarle
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading
global developer, manufacturer, and marketer of highly-engineered specialty
chemicals for consumer electronics, petroleum refining, utilities, packaging,
construction, automotive/transportation, pharmaceuticals, crop protection,
food-safety and custom chemistry services. The Company is committed to global
sustainability and is advancing its eco-practices and solutions in its three
business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate
Responsibility Magazine selected Albemarle to its prestigious "100 Best
Corporate Citizens" list for 2010 and 2011. Albemarle employs approximately
4,000 people and serves customers in approximately 100 countries. Albemarle
regularly posts information to www.albemarle.com, including notification of
events, news, financial performance, investor presentations and webcasts,
Regulation G reconciliations, SEC filings, and other information regarding the
Company, its businesses and the markets we serve.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding Albemarle Corporation's
business that 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

Website: http://www.albemarle.com
Contact: Media Contact: Ashley Mendoza, +1-225-388-7137,
Ashley.Mendoza@albemarle.com; Investor Relations Contact: Lorin Crenshaw,
+1-225-388-7322, Lorin.Crenshaw@albemarle.com
 
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