Albemarle Corp - Company Profile

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Albemarle Corp: Overview

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Albemarle Corp (Albemarle) is a specialty chemical manufacturer. It carries out the development, manufacturing and marketing of highly-engineered value added products including catalysts, bromine and derivatives and lithium compounds. Its products find application in a wide range of end markets including petroleum refining, energy storage, construction, consumer electronics, automotive, pharmaceuticals, crop protection and custom chemistry services. The company operates internationally through its research and development facilities, production facilities, and sales and administrative offices in North and South America, Europe, the Middle East and Asia. Albemarle is headquartered in Charlotte, North Carolina, the US.

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Headquarters United States of America
Address 4250 Congress Street, Suite 900, Charlotte, North Carolina, 28209
Website www.albemarle.com/Home-3.html
Telephone 1 980 2995700
No of Employees 9,000
Industry Chemicals
Ticker Symbol & Exchange ALB (NYSE)
Revenue (2023) $9.6B 31.4% (2023 vs 2022)
EPS XYZ
Net Income (2023) XYZ -41.5% (2023 vs 2022)
Market Cap* $13.4B
Net Profit Margin (2023) XYZ -55.5% (2023 vs 2022)
* As of and is in US$
View Albemarle Corp financials
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Products and Services

Products Services Brands
Lithium: Fine Chemistry AlkyStar
Lithium carbonate Custom Manufacturing
Lithium hydroxide Research and Chemical Scale-up Services
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
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.
2023 Contracts/Agreements In December, the company was awarded a manufacturing contract from the Naval Air Warfare Center Weapons Division to finish its first production run of biojet fuel using biobased n-butanol from Cobalt Technologies.
2023 Others In October, the company terminated the acquisition of Liontown Resources.
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Competitor Comparison

Key Parameters Albemarle Corp ICL Group Ltd Sociedad Quimica y Minera de Chile SA Ganfeng Lithium Group Co Ltd W. R. Grace & Co
Headquarters United States of America Israel Chile China United States of America
City Charlotte Tel Aviv-Yafo Santiago Xinyu Columbia
State/Province North Carolina - - Jiangxi Maryland
No. of Employees 9,000 13,619 7,682 10,201 4,500
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
J. Kent Masters Chairman; Chief Executive Officer; President Executive Board 2020 61
Neal Sheorey Chief Financial Officer; Executive Vice President Senior Management 2023 -
John C. Barichivich III Chief Accounting Officer; Controller; Vice President Senior Management 2019 55
Jac Fourie Chief Capital Projects Officer Senior Management 2021 -
Melissa Anderson Chief Human Resources Officer, Senior Vice President Senior Management 2021 58
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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