Albemarle (ALB) Announces Expansion at South Haven, MI Site
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Price: $67.34 +1.61%
Overall Analyst Rating:
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Dividend Yield: 1.4%
Revenue Growth %: -9.8%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.4%
Revenue Growth %: -9.8%
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Albemarle Corporation (NYSE: ALB) announced today that its FDA-registered South Haven, Michigan site has expanded and upgraded its multi-product cGMP active pharmaceutical ingredient (API) manufacturing facility. Production using the new expanded capacity commenced on June 1, 2012.
This expansion is the latest in a series of projects at the South Haven site to increase capabilities and production throughput, meeting the increasing demand for both generic API products and custom manufacturing service portfolios. In the past two years, the number of custom API projects has more than doubled at the South Haven site.
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This expansion is the latest in a series of projects at the South Haven site to increase capabilities and production throughput, meeting the increasing demand for both generic API products and custom manufacturing service portfolios. In the past two years, the number of custom API projects has more than doubled at the South Haven site.
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