About the Company
Albemarle Corporation is one of the leading global producers of Bromine, Lithium and Catalyst solutions. Its offerings are used as additives or intermediate substances by cleaning product manufacturers, electronic goods manufacturers, agricultural companies, refineries, water treatment companies, pharmaceutical companies, and paper & photographic companies.
Apart from the three above-mentioned products, Albemarle also offers fine chemistry services. The company provides aid in every step of product development and industry leaders in contract pharmaceutical, lubricant, agrichemical and speciality chemical manufacturing.
The company aims to diversify its global footprint by providing superlative chemical products and collaborative customer relationship. It has around 6,000 employees in a hundred different countries across the globe. Some of their notable operation sites are Louisiana, Arkansas, Michigan, Texas, Nevada, Ohio, Tennessee, North Carolina and Pennsylvania in North America and Chile in South America. Other than these locations, its crucial sites are located in China, Belgium, Russia, Korea, Japan, Germany, Singapore, Western Australia, The Netherlands, Taiwan and the United Arab Emirates.
Founded in 1887, the company was first called Albemarle Paper Manufacturing Company. With few employees, it started its business of producing Kraft and blotting paper. In 1962, it purchased Ethyl Corporation, which is almost 13 times its size and established Ethyl Corporation, Virginia.
It is in 1998 that Albemarle formed a joint venture with Arab Potash Company and Jordan Dead Sea Industries Company and manufactured bromine and bromine derivatives at a global scale. As of 2020, they are one of the worldwide leaders in this industry and aims to incorporate sustainability in their workflow.
In May 2020, it ranked 683 as per Fortune rankings and was listed in the New York Stock Exchange under the symbol ALB. The ALB share price touched historic heights on November 8th, 2017, when it reached $144.58.;