Albemarle (ALB) Increase Prices 10% for MAGNIFIN Flame Retardants
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Albemarle Corporation (NYSE: ALB) today announced that it will increase the prices for its MAGNIFIN magnesium hydroxide flame retardants up to 10%, effective globally on all shipments made on or after July 1, 2008, or as contracts allow.
The increases are needed to help offset the rapidly escalating energy prices and increased raw material costs required to manufacture these products.
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals.
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