Albemarle expands its ETHANOX® one-pack antioxidant manufacturing capabilities
BATON ROUGE, La., Oct. 22, 2013
BATON ROUGE, La., Oct.22, 2013 /PRNewswire/ --Albemarle Corporation (NYSE:
ALB), a leading developer and manufacturer of antioxidants for the polymers,
fuel and lube industries, announced today that it completed installation of a
granulation and blending system in Shanghai.
This addition supports the Company's global growth initiatives by adding
additional capacity and product forms to the portfolio. This increases
Albemarle's total one-pack capacity to over 10,000 metric tons/year, and adds
the capability to make one-pack formulations of up to eight components.
Albemarle's stand-alone one-pack shop in Shanghai, China now has the
capability of producing non-dusting antioxidants in both granules and pellets.
With the increased scale and back integration to neat antioxidant production,
Albemarle can provide cost effective one-pack solutions on a global basis. The
close proximity to the Shanghai seaport makes for effective worldwide product
Albemarle has supplied one-pack solutions to the top polyolefin producers for
over five years. Albemarle's antioxidants are part of the company's polymer
solutions 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 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, 2011 and 2013. Albemarle employs
approximately 4,200 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
"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
Contact: Albemarle Media Contact: Ashley Mendoza, (225) 388-7137,
Ashley.Mendoza@albemarle.com; Albemarle Investor Relations Contact: Lorin
Crenshaw, (225) 388-7322, Lorin.Crenshaw@albemarle.com
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