Albemarle to Increase Prices of NcendX P-30 Phosphorus Flame Retardant
Posted on: Friday, 27 June 2008, 15:02 CDT
BATON ROUGE, La., June 27 /PRNewswire-FirstCall/ -- Specialty chemicals maker Albemarle Corporation , a leading global manufacturer of life-saving flame retardant products, will increase prices worldwide for its NcendX P-30 flame retardant up to 25 percent effective immediately, or as contracts allow. In addition, all extended price validity for this product is being eliminated.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
The price increases are necessary to further offset large increases in energy and elemental phosphorous costs.
"Rising energy and material costs continue to put pressure on this product, particularly the dramatically increasing cost of elemental phosphorous," said Annemie Donkers, Albemarle business manager for flame retardants for circuit boards and enclosures. "We will continue to closely monitor supply chain economics to ensure we provide maximum value and superior products for our clients."
NcendX flame retardants, part of Albemarle's Polymer Additives segment, add life-saving properties to materials used in TV housings and other electronic enclosures
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; 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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