Albemarle to increase the price of ETHANOX® 4716 antioxidant

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Feb 28, 2013, 04:03 ET

BATON ROUGE, La., Feb. 28, 2013 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leading developer and manufacturer of antioxidants for lubricants, petroleum and biodiesel fuels, announced today that it will increase the price of ETHANOX 4716 on all shipments globally by $0.25/kg effective immediately, or as contracts allow.

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ETHANOX antioxidants enhance the stability, improve the performance and extend the storage life of lubricants and fuels used worldwide. Albemarle's antioxidants business is part of the Company's 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 and 2011. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings, and other information regarding the Company, its businesses and the markets we serve.

"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