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Albemarle To Raise Price of ETHANOX® 330 Polymer Antioxidant

Published on 2008-08-18. Author : SpecialChem

BATON ROUGE, La. -- Albemarle Corporation will increase the price of its ETHANOX 330 polymer antioxidant by up to 50 percent worldwide effective on all orders shipped after September 15, 2008, or as contracts and sales agreements allow.

"Albemarle continues to support growing demand for ETHANOX 330, but we have experienced unprecedented increases in raw materials, waste handling and disposal costs," said John McChesney, Albemarle global business manager- additives. "The price increase will allow continued investment in providing this important product to the polymer market."

Albemarle's ETHANOX 330 polymer antioxidant is part of the company's Polymer Additives business segment. ETHANOX and ETHAPHOS® polymer antioxidants and ALBlend® polymer additive blend packages help maintain the performance integrity and processing stability of polyolefin plastics, elastomers, adhesives and other materials. With a goal of being the "One Source for All Your Antioxidant Needs,"™ Albemarle has built a reputation for quality and reliability worldwide.

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.

Forward-Looking Statements:

Portions of this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Albemarle Corporation believes its expectations reflected in the release are based on reasonable assumptions within the bounds of its knowledge of its business and operations; there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ from expectations include, without limitation, the inability to pass through increases in costs and expenses for raw materials and energy; competition from other manufacturers; changes in demand for our products; the gain or loss of significant customers; fluctuations in foreign currencies and increased government regulation of our operations or our products. Additional factors that could cause Albemarle's results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in item 1A of our Annual Report for the period ended December 31, 2007.

Source: Albemarle Corporation


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