Albemarle Declares Force Majeure Due to Shortage of Key Raw Materials in Urethane Supply Chain
The company informed affected customers and is working to minimize disruptions. The company does not expect this force majeure to affect previously communicated full-year guidance for the company.
DETDA curative products are used to manufacture polyurethane materials.
Discovering and implementing new and better performance-based sustainable solutions is what motivates all of us. We think beyond business-as-usual to drive innovations that create lasting value. Albemarle employs approximately 5,400 people and serves customers in approximately 100 countries. We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations,
Some of the information presented in this press release, including, without limitation, statements with respect to our annual guidance and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially include, without limitation, additional delays or disruptions in the production of our curative products, or other product lines, and the other factors detailed from time to time in the reports Albemarle files with the
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Hailey Cobb, (980) 299-5640, Hailey.Cobb@albemarle.com; Investor Relations Contact: Eric Norris, (980) 299-5518, Eric.Norris@albemarle.com