BATON ROUGE, La., Nov. 4, 2014 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global developer, manufacturer and marketer of highly engineered specialty chemicals and services, announced today that it plans to increase production capabilities of its curatives products at its facility in Pasadena, Texas. The capacity investment will support Albemarle's ETHACURE® 100 liquid curative product for application in polyureas, urethanes and epoxies.
Albemarle's ETHACURE 100 curatives are effective curing agents and chain extenders for polyurethane and polyurea elastomers, as well as epoxy resins, particularly in reaction injection molding and spray applications. These diamine curatives allow for adjustable reaction time and substantially reduce dust exposure while providing processing advantages and improved final product properties.
"We are excited to announce our plans for increased production at a robust production site," said Chris Knight, Albemarle's vice president, Specialty Chemicals. "This expansion will allow Albemarle to meet the needs of our customers by continuing to provide high quality products and customer service and will strengthen our position as a leading supplier in the curatives industry."
Production in the expanded facility is expected in 2015.
Albemarle's ETHACURE product line is globally recognized for its effectiveness in curing polyurethanes, epoxies and polyureas. The curatives business is part of the Company's Performance Chemicals global business unit. For more information about ETHACURE curatives, please visit www.curatives.com.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its two global business units: Performance Chemicals and Catalyst Solutions. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010, 2011 and 2013. Albemarle employs approximately 3,200 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings, and other information regarding the Company, its businesses and the markets we serve.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.
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SOURCE Albemarle Corporation
Albemarle Media Contact: Ashley Mendoza, (225) 388-7137, Ashley.Mendoza@albemarle.com, or Albemarle Investor Relations Contact: Lorin Crenshaw, (225) 388-7322, Lorin.Crenshaw@albemarle.com