Albemarle to Build China Plant

Chemicals concern

Albemarle

(ALB) - Get Report

plans to build a new phosphorus-based flame retardant manufacturing facility at its technology and business center in Nanjing, China.

The Richmond, Va., company said Monday that products from the new plant, which should be fully operational in the second half of 2007, will help meet growing global demand for fire-resistant polymer systems and resins for construction and electronics materials.

From its new plant, Albemarle will supply phosphorus flame retardants for rigid and flexible polyurethane foams used in insulation and for resin blends such as PC/ABS and PPE/HIPS used in electronic enclosures.

Shares of Albemarle were down 64 cents, or 1.4%, at $46.08.

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