MEDIA RELEASE PR41833
Albemarle Announces Completion of R&D Facility in South Korea
BATON ROUGE, La., Oct. 21, 2010 /PRNewswire-AsiaNet/ --
completed the R&D laboratory facilities and begun construction on its Yeosu,
South Korea manufacturing facility. Albemarle staff, representatives of local
construction firm, Safety First, and City of Yeosu officials, including Mayor
Kim Chung-seog, joined to mark the occasion.
Mayor Kim thanked Albemarle for its investment in Yeosu and pledged the
City's support in this strategic investment. "The rapid development of the
site demonstrates Albemarle's commitment to adding immediate value to
customers in the region," he commented.
"We are very thankful to the City of Yeosu for its continued strong
support of Albemarle as we have escalated construction and engineering design
activities for this facility. We look forward to meeting our Asian customers'
current needs through local supply in both the metallocene polyolefin
industry as well as the High Brightness LED (HBLED) industry," said Jason
Bevan, Site Operations Manager - Albemarle Yeosu.
The completion of the Yeosu site R&D lab facility enables the production
of metallocene poly-olefin catalyst lab samples incorporating Albemarle's
breakthrough ActivCat(TM) technology for qualification trials with local
customers. Pilot plant facilities will be completed in 2010. Intermediate
commercial operations will begin in mid-2011, with the commercial facility
being fully operational in 2012. The site will produce finished catalysts,
activators like methylaluminoxane (MAO) and metallocene components, as well
as High Purity Metal Organics for the HBLED market.
About Albemarle
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a
leading global developer, manufacturer, and marketer of highly-engineered
specialty chemicals for consumer electronics, petroleum refining, utilities,
packaging, construction, automotive/transportation, pharmaceuticals, crop
protection, food-safety and custom chemistry services. The Company is
committed to global sustainability and is advancing its eco-practices and
Responsibility Magazine recently selected Albemarle to its prestigious "100
Best Corporate Citizens" list for 2010. Albemarle employs over 4,000 people
and serves customers in approximately 100 countries. To learn more, visit
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Albemarle
Corporation's business that 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
CONTACT: Media: Ashley Mendoza, Albemarle Corporation
+1-225-388-7137
Ashley.Mendoza@albemarle.com
Investors: Sandra Rodriguez, Albemarle Corporation
+1-225-388-7654
Sandra.Rodriguez@albemarle.com
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