Albemarle to Increase Price of Trimethyl Aluminum (TMA)

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Nov 30, 2010, 04:03 ET

BATON ROUGE, La., Nov. 30, 2010 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in the development, manufacture and marketing of metal organics and polyolefin catalysts, announced today that it will increase prices globally for all grades of trimethyl aluminum (TMA) by 25% for shipments beginning January 1, 2011 or as contracts allow.

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Albemarle is committed to supporting the growing use and development of TMA in the polymer and electronics industries. This price increase will further Albemarle's investment in the best quality product, safest shipping containers, and efficient global distribution.

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 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