Albemarle to Expand Lithium Production Capabilities with Acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd.
Founded in 2017, Tianyuan's operations include a recently constructed lithium processing plant strategically positioned near the
"The acquisition of Tianyuan, which owns and operates a newly constructed lithium processing plant, aligns with our strategy to pursue profitable growth in line with customer demand," said
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Some of the information presented in this press release, including, without limitation, information related to the transaction, plans and anticipated benefits in relation to the transaction, the targeted close date for the transaction 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. Actual results could differ materially from the views expressed herein. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; changes priorities, financial, and operating performance of Albemarle's major customers and industries and markets served by Albemarle; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for Albemarle's products or the end-user markets in which its products are sold; the availability of financing; the satisfaction of conditions to completion, including regulatory approvals; the occurrence of regulatory actions, proceedings, claims, or litigation; and the other factors detailed from time to time in the reports Albemarle files with the
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Media Contact: Hailey Quinn, +1 (980) 299-5640, Hailey.Quinn@albemarle.com; Investor Relations Contact: David Burke, +1 (980) 299-5533, David.Burke@albemarle.com