Albemarle to update Vision 2015 strategic framework at its investor conference

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May 22, 2012, 07:00 ET

BATON ROUGE, La., May 22, 2012 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), will present an update to its Vision 2015 strategic framework at its investor conference today at 8:00 a.m. Eastern time in New York City. The event will be hosted by Luke Kissam, Chief Executive Officer, and will be webcast live at www.albemarle.com.

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Albemarle's Vision 2015 plan outlines the company's strategy to grow revenue to $5+ billion, with earnings potential in excess of $9 per share by 2015. The leadership team will present updates on the major investments, business adjacencies and other opportunities that will allow the company to drive double-digit revenue and earnings growth and meet targeted profitability goals.

"Vision 2015, our five-year plan to double the size of our business, is predicated upon our ability to leverage our core strengths to drive organic growth and expand into adjacent markets," said Luke Kissam, Chief Executive Officer. "Our businesses are well positioned to provide innovative solutions to the challenges and opportunities presented by a multitude of long-range trends impacting the globe, including population growth, technology, consumerism and resource management. Our strategic positioning, operational discipline and financial strength give us confidence that Albemarle is poised to achieve our objectives."

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