Albemarle to Increase Prices of NcendX(R) P-30 Phosphorus Flame Retardant

BATON ROUGE, La., May 20 /PRNewswire-FirstCall/ -- Leading global flame
retardant manufacturer Albemarle Corporation (NYSE: ALB) will increase the
prices of its NcendX P-30 flame retardant by 0.45 $/kg worldwide effective
immediately, or as contracts allow.
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"The price increase is needed to help offset the volatile and rapidly
escalating costs of elemental phosphorus, a key starting material for NcendX
P-30 flame retardant," said Annemie Donkers, Albemarle business manager for
flame retardants for circuit boards and enclosures. "Rising logistics and
energy costs are further contributors to the increase.
"During this period of instability in price and availability of elemental
phosphorus, Albemarle may need to pursue further price adjustments with little
notice, as contracts allow, in order to assure continuity of supply," Donkers
said.
NcendX P-30 bisphenol A diphosphate-type flame retardant (BPADP) is an
outstanding performer in resin blends such as PC/ABS and PPE/HIPS, used in TV
housings and other electronic enclosures. NcendX P-30 flame retardant improves
melt flow, exhibits outstanding thermal stability, excellent hydrolytic
stability, low migration and low volatility. The product is part of
Albemarle's Polymer Additives 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 and petrochemical
processing; transportation and industrial products; pharmaceuticals;
agricultural products; and construction and packaging materials. The Company
operates in three business segments -- Polymer Additives, Catalysts and Fine
Chemicals, and serves customers in approximately 100 countries. Learn more
about Albemarle at 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 which 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

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Relations, Sandra Rodriguez, +1-225-388-7654, Sandra_Rodriguez@albemarle.com,
all of Albemarle Corporation