CHARLOTTE, N.C. , Oct. 29, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB) today issued a response to a recent arbitration decision on a dispute between Huntsman Corporation and Rockwood Holdings, Inc. related to Huntsman's acquisition of Rockwood's Pigments & Additives business. The Huntsman-Rockwood dispute stems from a transaction between Huntsman Corporation and Rockwood Holdings, Inc. which was signed in 2013 and closed in 2014 before Albemarle…, About Albemarle Corporation, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global…, Forward-Looking Statements, Some of the information presented in this press release, including statements regarding our intentions with respect to any litigation or arbitration and pursuit of any remedies and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements…
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CHARLOTTE, N.C. , Oct. 28, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that EcoVadis , a global sustainability ratings provider, has awarded Albemarle gold-medal status for its sustainability commitment and results. The award marks six consecutive years of gold status for Albemarle. The rating places the company in the top five percent of more than 75,000 global companies assessed by…, About Albemarle Corporation, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global…
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CHARLOTTE, N.C. , Oct. 27, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Eric Norris , Albemarle President, Lithium, and Glen Merfeld , Albemarle Chief Technology Officer, Lithium, will participate in a virtual fireside chat hosted by Oppenheimer & Co. Inc. on Nov. 8, 2021 , at 11:00 a.m. ET . The presentation materials will be accessible at the time of the event through the…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…
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CHARLOTTE, N.C. , Oct. 25, 2021 /PRNewswire/ -- The Board of Directors of, Albemarle Corporation, (NYSE: ALB) announces that it has declared a quarterly dividend of $0.39 per share. The dividend, which has an annualized rate of $1.56 , is payable Jan. 3, 2022 , to shareholders of record at the close of business as of Dec. 17, 2021 ., About Albemarle Corporation, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed…
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CHARLOTTE, N.C. , Oct. 22, 2021 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, today announced its intent for strategic investments in China in support of the expansion of its lithium conversion capacity. The company recently signed investment agreements with the Yangtze River International Chemical Industrial Park in the Zhangjiagang Free Trade Zone ( Jiangsu province), and the Pengshan Economic Development…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to expected capacity expansion, plans and anticipated benefits in relation to the capacity expansion, the targeted construction and completion dates for the capacity expansion and all other information relating to matters that are not historical facts may constitute forward-looking…
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CHARLOTTE, N.C. , Oct. 19, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that the Albemarle Foundation has released its first-ever annual Community Impact Report. The report offers insight into the Foundation's programs, distributions, and success stories in communities from around the world. "In this Community Impact Report, we showcase remarkable efforts of our employees,…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…
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CHARLOTTE, N.C. , Sept. 30, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its subsidiary, Albemarle Lithium UK Limited , has signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co., Ltd. ("Tianyuan"), a lithium converter located in Guangxi, China . Under terms of the agreement, Albemarle will acquire all outstanding equity…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…, Forward-Looking Statements, Some of the information presented in this press release, including, without limitation, information related to the transaction, plans and anticipated benefits in relation to the transaction, the targeted close date for the transaction and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities…
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CHARLOTTE, N.C. , Sept. 21, 2021 /PRNewswire/ --, Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its third-quarter 2021 earnings after the NYSE closes on Wednesday, Nov. 3, 2021 . The company will hold its conference call to discuss third-quarter 2021 results on, Thursday, Nov. 4 , at 9:00 a.m. ET ., This call will be webcast and can be accessed through Albemarle Corporation's website at https://investors.albemarle.com/ , via the webcast link below or by phone at the following number: US Toll free: +1 844 347 1034 International direct: +1 209 905 5910 Passcode: 6875708 Webcast: Q3 Webcast Link To avoid registration wait times, participants are encouraged to use the webcast link as the primary…, About Albemarle Corporation, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business as usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global…
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CHARLOTTE, N.C. , Sept. 10, 2021 /PRNewswire/ -- , Albemarle Corporation, (NYSE: ALB), a leader in the global specialty chemicals industry, will host its 2021 Investor Day event today at 8:30 a.m. ET . The event will be held virtually and by webcast to ensure the safety of all participants. Chairman and CEO Kent Masters will be joined by EVP and CFO Scott Tozier , the presidents of Albemarle's three global businesses, and additional executives to discuss the…, Key Themes for 2021 Investor Day, Advancing industry-leading businesses with differentiated competitive advantages Executing a clear strategy to accelerate growth and sustainability Implementing a focused operating model – the Albemarle Way of Excellence – to ensure execution is aligned with strategy to create long-term value Building battery grade lithium conversion capacity to meet significant growth in customer demand while…, Our Operating Model – The Albemarle Way of Excellence (AWE), Albemarle's model includes four operating pillars – Sustainable Approach, High-Performance Culture, Operational Discipline, and Competitive Capabilities. These key competency areas are critical to achieving the company's performance priorities of raising the bar on excellence, delivering outstanding customer experience, and driving greater stakeholder value. " The Albemarle Way of Excellence is…, Outlook, Albemarle is reaffirming its full-year 2021 guidance and introducing new full-year 2022 outlook and 2026 long-term financial targets. The company continues to expect a modest improvement in full-year 2021 operating performance compared to full year 2020, assuming continued global economic recovery. Full-year 2022 adjusted EBITDA is expected to be up 25% to 35% versus 2021 primarily due to higher…, Introducing 2026 Long-term Financial Targets, In millions, except per share amounts Lithium Bromine Catalysts Total 1 Net Sales (5-Year CAGR) 24% - 28% 5% - 6% 6% - 8% 13% - 17% Adj. EBITDA Margin (2026E) 43% - 47% 32% - 36% 26% - 28% 35% - 40% Adj. EBITDA (2026E) $1.7B - $1.9B $0.4B - $0.5B $0.2B - $0.3B $2.2B - $2.6B Free Cash Flow (2026E) $0.8B - $1.2B 1 Total includes corporate costs not allocated to Albemarle's operating segments, Assumptions for 2026 Long-term Financial Targets , $100M run-rate productivity savings by 2024 20% effective tax rate Currency flat at January 2021 rate No material economic or pricing cycle disruptions, Event Webcast Details, The company will webcast its Investor Day live which can be accessed through Albemarle Corporation's website at https://investors.albemarle.com/ , via the Investor Day website link below or by phone at the following number: US Toll free: (877) 323-4320 International direct: (873) 415-0279 Passcode: 2549693 Webcast…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global…, Forward-Looking Statements, Some of the information presented in this press release, the conference call and discussions that follow, including, without limitation, information related to the timing of active and proposed projects, product development, production capacity, committed volumes, market trends, pricing, financial flexibility, expected growth, anticipated return on opportunities, earnings and demand for our…
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CHARLOTTE, N.C. , Sept. 2, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry and in lithium extraction and production, announced today that it has commenced an independent, third-party assessment using the Initiative for Responsible Mining Assurance's (IRMA) Standard for Responsible Mining at the company's lithium brine extraction site, …, Albemarle's Sustainable Commitments in Chile, Albemarle's freshwater rights at the Salar make up 0.5%, or less than 23.5 liters per second (L/s), of the total freshwater rights in the Salar de Atacama basin. Of those rights, the company uses only 9 L/s for its camp, producing potassium chloride, and rinsing equipment. The company uses no fresh water in its brine extraction and concentration process. The company recently committed to reducing…, About Albemarle, Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine, and catalysts. We think beyond business-as-usual to power the potential of companies in many of the world's largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of…, About IRMA, IRMA envisions a world where the mining industry respects the human rights and aspirations of affected communities; provides safe, healthy, and supportive workplaces; minimizes harm to the environment, and leaves positive legacies. IRMA offers objective, independent third-party verification of industrial-scale mine sites against a comprehensive definition of responsible mining agreed to through a…
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