Albemarle expands its ETHANOX® one-pack antioxidant manufacturing capabilities in Shanghai
BATON ROUGE, La., Oct. 22, 2013 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leading developer and manufacturer of antioxidants for the polymers, fuel and lube industries, announced today that it completed installation of a granulation and blending system in Shanghai.
This addition supports the Company's global growth initiatives by adding additional capacity and product forms to the portfolio. This increases Albemarle's total one-pack capacity to over 10,000 metric tons/year, and adds the capability to make one-pack formulations of up to eight components. Albemarle's stand-alone one-pack shop in Shanghai, China now has the capability of producing non-dusting antioxidants in both granules and pellets. With the increased scale and back integration to neat antioxidant production, Albemarle can provide cost effective one-pack solutions on a global basis. The close proximity to the Shanghai seaport makes for effective worldwide product distribution.
Albemarle has supplied one-pack solutions to the top polyolefin producers for over five years. Albemarle's antioxidants are part of the company's polymer solutions business segment.
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, 2011 and 2013. Albemarle employs approximately 4,200 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