Albemarle (ALB) Announces Cost-cutting Efforts

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Albemarle Outlines Actions to Preserve Growth, Reduce Costs and Optimize Cash Flow

January 17, 2024 6:45 AM EST

Proactive measures to re-phase growth investments and optimize cost structure to generate long-term financial flexibility and unlock >$750 million of cash flow over the near term

CHARLOTTE, N.C., Jan. 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today outlined a series of proactive measures underway to re-phase its organic growth investments and optimize its cost structure in... More