Albemarle to Increase Price of MARTINAL® Fine Precipitated Aluminium Trihydrate Flame Retardants

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Nov 16, 2010, 09:00 ET

BATON ROUGE, La., Nov. 16, 2010 /PRNewswire-FirstCall/ -- Albemarle Corporation (NYSE: ALB), a global leader in the development, manufacture and marketing of flame retardants, announced today that it will increase prices globally for MARTINAL® LE grades by 25% and MARTINAL® LEO grades by 20% for shipments beginning January 1, 2011 or as contracts allow.

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MARTINAL® 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 Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010. Albemarle employs over 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