Albemarle Corp - Company Profile
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Albemarle Corp (Albemarle) is a global developer, manufacturer, and marketer of specialty chemicals. The company's main activities include producing chemicals designed to meet the needs of various end markets. Albemarle's major products and services encompass energy storage solutions, specialty chemicals for electronics and construction, and products for the automotive and pharmaceutical industries. The company's offerings are utilized by customers in industries such as energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection. Albemarle operates through a network of production and research facilities, as well as administrative and sales offices worldwide. The company operations are organized into three segments: Energy Storage, Specialties, and Ketjen. Albemarle is headquartered in Charlotte, North Carolina, the US.
Headquarters
United States of America
Address
4250 Congress Street, Suite 900, Charlotte, North Carolina, 28209
Website
www.albemarle.com
Telephone
1 980 2995700
No of Employees
7,800
Industry
Chemicals
Ticker Symbol & Exchange
ALB (NYSE)
Revenue (2024)
$5.1B
-4.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
56.7%
(2024 vs 2023)
Market Cap*
$15.4B
Net Profit Margin (2024)
XYZ
54.7%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Lithium: | Fine Chemistry | AlkyStar |
| Lithium carbonate | Custom Manufacturing | Ketjen |
| Lithium hydroxide | Research and Chemical Scale-up Services | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Stake Sale | In March, the company sold a majority stake in Ketjen Corp's refining catalyst solutions business to KPS Capital Partners LP. |
| 2024 | Contracts/Agreements | In May, the company signed an innovative agreement with Martin Marietta Materials to make beneficial use of extracted limestone material from its proposed Kings Mountain Mine project. |
| 2024 | Contracts/Agreements | In February, the company partnered with the BMW Group to supply battery-grade lithium, supporting the automaker in developing high-performance, premium electric vehicles. |
Competitor Comparison
| Key Parameters | Albemarle Corp | ICL Group Ltd | Sociedad Quimica y Minera de Chile SA | Ganfeng Lithium Group Co Ltd | J.M. Huber Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | Israel | Chile | China | United States of America |
| City | Charlotte | Tel Aviv | Santiago | Xinyu | Atlanta |
| State/Province | North Carolina | - | - | Jiangxi | Georgia |
| No. of Employees | 7,800 | 13,007 | 8,344 | 19,257 | 3,221 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| J. Kent Masters | Chairman; Chief Executive Officer | Executive Board | 2020 | 64 |
| Neal R. Sheorey | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 48 |
| Mark R. Mummert | Chief Operating Officer | Senior Management | 2025 | 57 |
| Donald J. LaBauve, Jr | Controller; Chief Accounting Officer | Senior Management | 2024 | 58 |
| Ander Krupa | Chief Compliance Officer; Secretary; General Counsel; Executive Vice President | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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