Albemarle Corporation is a chemical company with corporate headquarters in Baton Rouge, Louisiana. It is a globally recognized specialty chemical manufacturing enterprise. The Albemarle Paper Manufacturing Company opened in 1887 with the production of kraft paper, also known as Kraft, and blotting paper. In 1921, a team of chemists performing research for General Motors discovered tetraethyl lead (TEL) had antiknock properties as a gasoline additive. As a result, the Ethyl Gasoline Corporation in Richmond, Virginia began production of tetraethyl lead in 1937. TEL remained the primary product of the Ethyl Gasoline Corporation through the next four decades. When the Ethyl Gasoline Corporation expanded its product line (particularly to include MMT), its name was changed to the Ethyl Corporation. The Albemarle Paper Manufacturing Company borrowed $200 million in 1962 and purchased Ethyl Corporation, a company more than thirteen times its size. Throughout the next few decades, The Ethyl Corporation, under the direction of the Albemarle Paper Manufacturing Company, further expanded their product line to include bromine (in 1969 in Magnolia, Arkansas), lubricant additives (in 1975), and aluminum alkyls (in 1976 in Feluy, Belgium). Further expansion of The Ethyl Corporation included the purchases of Dow Chemical's bromine division, Russ Pharmaceuticals, Inc., and Potasse et Produits Chimiques (PPC). In 1994, Ethyl spun off its chemical businesses to create an independent, publicly traded company named Albemarle Corporation.
Distribution Strategy
The Albemarle Corporation expanded itself by acquiring the Asano Corporation, a sales and marketing company headquartered in Tokyo, Japan. The corporation sold both its electronic materials business and its alpha olefins, polyalphaolefins and synthetic alcohols businesses by 1996, and in 1997 formed an alliance with Mitsui Toatsu Chemicals, Inc. That same year, the corporation was restructured to form two global business units: Polymer Chemicals and Fine Chemicals.
In 1998, the Albemarle Corporation bought a custom manufacturing and oilfield chemicals plant in Teesport, England. In the same year, a joint venture was signed between Jordan Dead Sea Industries Company, Arab Potash Company, and one of Albemarle Corporation's subsidiaries. Another joint venture was signed in 2000 by the corporation and Jinhai Chemical and Industry Company, located in China. More chemical plants were opened within the next five years in Port-de-Bouc, France and Bergheim, Germany (after the acquisition of Martinswerk GmbH).
Since 2000, Albemarle Corporation has acquired assets of Ferro Corporation's PYRO-CHEK flame retardant business; Martinswerk GmbH; the custom and fine chemicals businesses of ChemFirst Inc.; the Ethyl Corporation's fuel and lubricant antioxidants business; the phosphorus-based polyurethane flame retardants businesses of Rhodia; Atofina S.A.'s (Paris) bromine fine chemicals business; Taerim International Corporation, and the refinery catalyst business of Akzo Nobel N.V.
The company’s products find application in varied sectors such as consumer electronics, building and construction materials, automotive parts, packaging, pharma-chemicals and agrichemicals, and petroleum refining. Albemarle has over 3,000 customers in 100 countries. The services provided by Albemarle include contract research service and exclusive synthesis. The company operates internationally through its 45 facilities in North and South America, Europe and Asia. The company is headquartered at Baton Rouge, in Louisiana, the US.
This company report forms part of GlobalData’s ‘Profile on Demand’ service, covering over 50,000 of the world’s leading companies. Once purchased, GlobalData’s highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Albemarle Corporation including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).
Distribution Strategy
The Albemarle Corporation expanded itself by acquiring the Asano Corporation, a sales and marketing company headquartered in Tokyo, Japan. The corporation sold both its electronic materials business and its alpha olefins, polyalphaolefins and synthetic alcohols businesses by 1996, and in 1997 formed an alliance with Mitsui Toatsu Chemicals, Inc. That same year, the corporation was restructured to form two global business units: Polymer Chemicals and Fine Chemicals.
In 1998, the Albemarle Corporation bought a custom manufacturing and oilfield chemicals plant in Teesport, England. In the same year, a joint venture was signed between Jordan Dead Sea Industries Company, Arab Potash Company, and one of Albemarle Corporation's subsidiaries. Another joint venture was signed in 2000 by the corporation and Jinhai Chemical and Industry Company, located in China. More chemical plants were opened within the next five years in Port-de-Bouc, France and Bergheim, Germany (after the acquisition of Martinswerk GmbH).
Since 2000, Albemarle Corporation has acquired assets of Ferro Corporation's PYRO-CHEK flame retardant business; Martinswerk GmbH; the custom and fine chemicals businesses of ChemFirst Inc.; the Ethyl Corporation's fuel and lubricant antioxidants business; the phosphorus-based polyurethane flame retardants businesses of Rhodia; Atofina S.A.'s (Paris) bromine fine chemicals business; Taerim International Corporation, and the refinery catalyst business of Akzo Nobel N.V.
The company’s products find application in varied sectors such as consumer electronics, building and construction materials, automotive parts, packaging, pharma-chemicals and agrichemicals, and petroleum refining. Albemarle has over 3,000 customers in 100 countries. The services provided by Albemarle include contract research service and exclusive synthesis. The company operates internationally through its 45 facilities in North and South America, Europe and Asia. The company is headquartered at Baton Rouge, in Louisiana, the US.
This company report forms part of GlobalData’s ‘Profile on Demand’ service, covering over 50,000 of the world’s leading companies. Once purchased, GlobalData’s highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Albemarle Corporation including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).
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