BATON ROUGE, La., Feb. 20, 2013 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) announced today that it has received the W Company award from the 2020 Women on Boards organization. This award is given to companies that recognize the importance of board diversity and have at least 20% women on their board of directors. (Logo: http://photos.prnewswire.com/prnh/20111129/MM14279LOGO) "We are pleased to be recognized for our corporate commitment to diversity. That commitment is also evidenced by the number of women in management and senior executive roles at Albemarle," said Susan Kelliher, Albemarle senior vice president, human resources. "Diversity is something that benefits our entire organization, from top to bottom. It is truly an honor for Albemarle to be recognized by 2020 Women on Boards as a 'W' company for the year." 2020 Women on Boards is a non-profit grassroots campaign committed to increasing the percentage of women who serve on public company boards to 20% or greater by the year 2020. In a letter to Albemarle, executive director Malli Gero and chair Stephanie Sonnabend wrote, "We appreciate your commitment to good corporate governance practices." About Albemarle 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 three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious "100 Best Corporate Citizens" list for 2010 and 2011. Albemarle employs approximately 4,000 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.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.