Albemarle to Increase Price of MAGNIFIN Flame Retardants

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Mar 31, 2010, 09:00 ET

BATON ROUGE, La., March 31 /PRNewswire-FirstCall/ -- Albemarle Corporation (NYSE: ALB), a global leader in the development, manufacture and marketing of flame retardants, announced today that it will increase the global prices for its MAGNIFIN magnesium hydroxide flame retardants up to 12%, depending on packaging type and grade, on all shipments made after April 1st, 2010 or as contracts allow.

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Albemarle is the leading manufacturer and marketer of magnesium hydroxide flame retardants for wire & cable, engineering thermoplastics and other polymer applications.

MAGNIFIN is part of the company's mineral fire safety solutions within the polymer solutions business segment.

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