Profile: Albemarle Corp (ALB)

ALB on New York Consolidated

54.61USD
2 Jul 2015
Change (% chg)

$0.15 (+0.28%)
Prev Close
$54.46
Open
$54.54
Day's High
$55.08
Day's Low
$54.30
Volume
876,613
Avg. Vol
1,066,649
52-wk High
$76.28
52-wk Low
$46.78

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Albemarle Corporation (Albemarle), incorporated on November 24, 1993, is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company operates through two segments: Performance Chemicals and Catalyst Solutions.

Performance Chemicals Segment

As of December 31, 2014, the Company’s Performance Chemicals segment consisted of three product categories: Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services. The Company’s fire safety technology enables the use of plastics in high performance, high heat applications by enhancing the flame resistant properties of these materials. Some of the end market products that benefit from its fire safety technology include plastic enclosures for consumer electronics, printed circuit boards, wire and cable, electrical connectors, textiles and foam insulation. The Company’s brominated flame retardants include products sold under the Saytex brand and its mineral-based flame retardants include products , such as Martinal and Magnifin. Specialty Chemicals includes products , such as elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon and a number of bromine fine chemicals. Its products are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing and various other industrial applications. Other specialty chemicals that it produces include tertiary amines for surfactants, biocides, disinfectants and sanitizers and aluminum oxides used in a wide variety of refractory, ceramic and polishing applications.

The Company produces plastic additives, as well as other additives, such as curatives, which are often specially developed and formulated for a customer’s specific manufacturing requirements. The Company’s additives products include curatives for polyurethane, polyurea and epoxy system polymerization. Its Ethacure curatives are used in cast elastomers, coatings, reaction injection molding and specialty adhesives that are incorporated into products, such as wheels, tires and rollers. The Company’s Fine Chemistry Services business offers custom manufacturing, research and chemical scale-up services for companies. The Company’s agrichemicals are sold to agrichemical manufacturers and distributors that produce and distribute finished agricultural herbicides, insecticides, fungicides and soil fumigants. Its products include orthoalkylated anilines used in the acetanilide family of pre-emergent herbicides used with corn, soybeans and other crops and methyl bromide, which is used as a soil fumigant. The Company also manufactures and supplies a variety of custom chemical intermediates for the agricultural industry.

Catalyst Solutions Segment

As of December 31, 2014, the Company’s Catalyst Solutions segment included the Refinery Catalyst Solutions and Performance Catalyst Solutions (PCS) product categories. The Company’s two refinery catalysts businesses are Clean Fuels Technologies, which is primarily consisted of hydroprocessing catalysts (HPC), and Heavy Oil Upgrading, which is primarily consisted of fluidized catalytic cracking (FCC) catalysts and additives. HPC products are applied throughout the refining industry. The Company offers a range of HPC products and approximately 60 different FCC catalysts and additives products to its customers.

The Company has three business units in its PCS division: polymer catalysts, chemical catalysts, and electronic materials. The Company manufactures organometallic co-catalysts, such as aluminum, magnesium and zinc alkyls, as well as metallocene components and co-catalysts, such as methylaluminumoxane, organoborons, metallocene compounds, and finished polymerization catalysts comprising these products. It also offers finished single-site catalysts with or without its ActivCat technology and a line of Ziegler-Natta catalysts under the Advantage brand. Its co-catalysts and finished catalysts are used in its customers’ production of polyolefin polymers. Such polymers are commodity (Ziegler-Natta polymerization technology-based) and specialty (Single Site polymerization technology-based) plastics serving a variety of end markets including packaging, non-packaging, films and injection molding.

The Company competes with Chemtura Corporation, Israel Chemicals Ltd., Criterion Catalysts and Technologies, Advanced Refining Technologies, Haldor Topsoe, W.R. Grace & Co., BASF Corporation and AkzoNobel.

Company Address

Albemarle Corp

451 Florida St
BATON ROUGE   LA   70801-1700
P: +1225.3888011
F: +1225.3887686

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