Albemarle Presents Earnings Growth Strategy at Its Investor Conference in New York

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May 18, 2010, 07:05 ET

BATON ROUGE, La., May 18, 2010 /PRNewswire-FirstCall/ -- Albemarle Corporation (NYSE: ALB), a leading global developer, manufacturer, and marketer of highly engineered specialty chemicals, will present its Vision 2012 growth objectives at its investor conference today at 8:00 a.m. Eastern time in New York City. The event will be hosted by Mark Rohr, Chairman and Chief Executive Officer, and will be webcast live at http://www.albemarle.com/investor_information .

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Albemarle's Vision 2012 outlines the company's strategy to grow revenue to $3 billion, with earnings potential in excess of $4 per share for 2012. The leaders of each of the company's three business units will highlight business opportunities and strategies to drive double-digit revenue growth and targeted profitability goals. Geographic growth, new product innovation, operational efficiency and steps to move into adjacent markets will also be presented.

"We continue to make progress combining operational excellence with advanced customer-focused offerings such as our breakthrough fire safety technology and growing portfolio of catalytic solutions," Rohr said. "The strength of our core business model, plans for accelerated global expansion into emerging economies, combined with our ability to capitalize on strategic growth opportunities give us confidence in our ability to deliver Vision 2012."

About Albemarle

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemicals. Corporate Responsibility Magazine recently selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. To learn more, visit 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 that 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.

SOURCE Albemarle Corporation