BATON ROUGE, La., Aug. 7 /PRNewswire-FirstCall/ -- Albemarle Corporation
(NYSE: ALB), a leading global supplier of petroleum refining catalysts and
additives, will increase the prices of its fluidized catalytic cracking (FCC)
catalysts for both heavy feed (Resid) and vacuum gas oil (VGO) cracking
applications by 20 percent worldwide, effective September 1, 2008, or as
contracts allow. Natural gas and rare earth surcharges will continue to
apply.
Albemarle is a leading, global developer and supplier of hydroprocessing
catalysts, FCC catalysts for Resid and VGO cracking, environmental and
performance additives, and alternative fuel technologies for refineries
worldwide. Many of Albemarle's clean energy solutions help operations that
convert heavier, more challenging petroleum feedstocks into higher value
products that meet strict global fuel quality and environmental standards.
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. Learn more
about Albemarle at http://www.albemarle.com.
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.
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