Albemarle Corporate History

1990s

1993 - Ethyl acquires Potasse et Produits Chimiques (PPC), a major bromine derivative manufacturer, located in Thann, France.

1994 - Ethyl spins off its chemical businesses to create an independent, publicly traded company named Albemarle Corporation.

1995 - Albemarle acquires Asano Corporation, a sales and marketing company headquartered in Tokyo.

1995 - Albemarle sells its electronic materials business to MEMC.

1996 - Albemarle sells its alpha olefins, polyalphaolefins and synthetic alcohols businesses to Amoco for about $500 million.

1997 - Albemarle increases its Asia Pacific presence through an alliance with Mitsui Toatsu Chemicals, Inc., acquiring 50 percent of the outstanding stock of Nippon Aluminum Alkyls, Ltd.

1997 - Albemarle restructures into two global business units: Polymer Chemicals and Fine Chemicals. Marketing Excellence Team created.

1998 - Albemarle Holdings Company Limited, a wholly-owned subsidiary of Albemarle Corporation, signs a joint venture agreement with Jordan Dead Sea Industries Company (JODICO) and Arab Potash Company (APC) to manufacture and market bromine and bromine derivatives from a world-scale complex to be built in Jordan, near the Dead Sea.

1998 - Albemarle acquires a custom manufacturing and oilfield chemicals plant in Teesport, England, complementing Albemarle's clear completion fluids, amines and quats product lines, and providing logistical support to oilfield customers by serving as a staging site for European sales.