Albemarle Announces Specialty Alumina Price Increase (posted 12/1/08)
Albemarle Corp., a leader in the development and marketing of aluminum trihydroxide and other specialty aluminas for flame retardants, fillers and other industrial applications, will increase prices for these products by 15 to 25% on all shipments made on or after January 1, 2009, or as contracts allow. According to the company, the increases are needed to help offset the rapidly escalating raw material prices, raw material freight costs and energy costs required to manufacture these products.
“Raw material prices continue to escalate, particularly for crude ATH and energy, and these costs have forced us to raise prices for our own products as well,” said Wolfgang Hardtke, global business director of Aluminum Specialty Chemicals. “Coal and lignite prices are steadily growing, and we are evaluating the impact of CO2 emission certificates on our business. We remain focused and committed to delivering high-quality products that deliver value to our customers.”
Visit www.albemarle.com for more information.