Albemarle to Increase Prices of ADMA(R) and DAMA(R) Amine Products
Posted on: Friday, 30 May 2008, 18:00 CDT
BATON ROUGE, La., May 30 /PRNewswire-FirstCall/ -- Specialty chemicals maker Albemarle Corporation will increase the prices of its ADMA and DAMA amine products by between 10 and 20 percent effective worldwide July 1, 2008 or as contracts allow.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
New minimum delivered prices for some of the more common amine products follow. All prices are on a full-container shipment basis (approximately 20 metric tons).
-- ADMA 12 Amine $3.10/kg -- ADMA 14 Amine $3.30/kg -- ADMA 16 Amine $3.50/kg -- DAMA 1010 Amine $4.80/kg
The price increases are needed to help offset ongoing large increases in the costs of energy, raw materials and transportation.
Albemarle makes and markets amines used in the production of quaternary ammonium compounds for biocides, oilfield chemicals, amine oxides and betaines for surfactants. The amines product lines are part of Albemarle's Fine Chemicals 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.
Photo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com
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 Investors, Sandra Rodriguez, +1-225-388-7654,Sandra_Rodriguez@albemarle.com, all of Albemarle Corporation
Web site: http://www.albemarle.com/
Source: PRNewswire-FirstCall
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