Albemarle Completes the Sale of its Port de Bouc, France Facility to International Chemical Investors Group
Advertisement
Albemarle Corporation and International Chemical Investors Group announced that Albemarle Chemicals SAS, a wholly owned affiliate of Albemarle Corporation, has completed the sale of its facility in Port de Bouc, France to Azur Chimie SAS, a wholly owned affiliate of ICIG, effective December 31, 2008. Albemarle has transferred to Azur Chimie all equipment, buildings, land and certain other assets at the Port de Bouc, France plant. Azur Chimie will toll manufacture certain products for Albemarle. As a result of the sale, Albemarle expects to incur a pre-tax charge of approximately $25 to $30 million in the 4th quarter of 2008.
"We are very pleased to complete this transaction in such a timely and orderly fashion and to continue our mutually beneficial relationship with ICIG," said Ron Gardner, Vice President of Albemarle's Fine Chemicals segment. "This strategic divestiture will position us to better focus on our core business initiatives."
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents

Researchers develop new machine learning method for modeling of chemical reactions
End of the CLP transitional period

Trust is good, but AI control is better - Hybrid graph AI optimizes material use along the value chain and assessment tools check AI systems for potential weaknesses
New technique for 'seeing' ions at work in a supercapacitor

Scientists find path to nanodiamond from graphene - A spot of pressure enables chemical conversion to hardened 2D material
Open consultation on ECHA multi-annual work programme

Making cookies from coal? - ThyssenKrupp and TU Berlin develop new process for eco-friendly conversion of process gases
LyondellBasell to boost its global PP compounding capabilities by more than 30% by end of 2009

Bayer with continued strong performance - Crop Science achieves strong sales gains – sales also up at Pharmaceuticals and Consumer Health

One-step printing for transparent, conductive and patterned coatings in flexible touchscreens
