Albemarle to Increase Prices of NcendX(R) P-30 Phosphorus Flame Retardant

BATON ROUGE, La., May 20 /PRNewswire-FirstCall/ — Leading global flame retardant manufacturer Albemarle Corporation will increase the prices of its NcendX P-30 flame retardant by 0.45 $/kg worldwide effective immediately, or as contracts allow.

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“The price increase is needed to help offset the volatile and rapidly escalating costs of elemental phosphorus, a key starting material for NcendX P-30 flame retardant,” said Annemie Donkers, Albemarle business manager for flame retardants for circuit boards and enclosures. “Rising logistics and energy costs are further contributors to the increase.

“During this period of instability in price and availability of elemental phosphorus, Albemarle may need to pursue further price adjustments with little notice, as contracts allow, in order to assure continuity of supply,” Donkers said.

NcendX P-30 bisphenol A diphosphate-type flame retardant (BPADP) is an outstanding performer in resin blends such as PC/ABS and PPE/HIPS, used in TV housings and other electronic enclosures. NcendX P-30 flame retardant improves melt flow, exhibits outstanding thermal stability, excellent hydrolytic stability, low migration and low volatility. The product is part of Albemarle’s Polymer Additives 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 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/.

“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.

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Albemarle Corporation

CONTACT: Media, Stephanie Dixon, +1-225-388-7904,Stephanie_Dixon@albemarle.com, or Rene Milligan, +1-225-388-7106,Rene_Milligan@albemarle.com; or Investor Relations, Sandra Rodriguez,+1-225-388-7654, Sandra_Rodriguez@albemarle.com, all of Albemarle Corporation

Web site: http://www.albemarle.com/