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.
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
7,400
Industry
Chemicals
Ticker Symbol & Exchange
ALB (NYSE)
Revenue (2022)
$7.3B
120%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
2075%
(2022 vs 2021)
Market Cap*
$19.8B
Net Profit Margin (2022)
XYZ
887.9%
(2022 vs 2021)
* As of and is in US$
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 |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In July, the company awarded a contract to Monadelphous Group for expansion of the Kemerton lithium hydroxide plant in the south west region of Western Australia. |
| 2023 | Plans/Strategy | In May, the company announced its plans to expand its lithium mining operations in Chile’s Atacama salt flat. |
| 2023 | Others | In March, the company's plan to acquire Liontown Resources was rejected by the company. |
Competitor Comparison
| Key Parameters | Albemarle Corp | Sociedad Quimica y Minera de Chile SA | ICL Group Ltd | Ganfeng Lithium Group Co Ltd | W. R. Grace & Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | Chile | Israel | China | United States of America |
| City | Charlotte | Santiago | Tel Aviv-Yafo | Xinyu | Columbia |
| State/Province | North Carolina | - | - | Jiangxi | Maryland |
| No. of Employees | 7,400 | 7,420 | 13,619 | 10,201 | 4,500 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| J. Kent Masters | Chief Executive Officer; Chairman; President | Executive Board | 2020 | 61 |
| John C. Barichivich III | Chief Accounting Officer; Controller; Vice President | Senior Management | 2019 | 55 |
| Scott A. Tozier | Chief Financial Officer, Executive Vice President | Senior Management | 2011 | 57 |
| Melissa Anderson | Chief Human Resources Officer, Senior Vice President | Senior Management | 2021 | 58 |
| Sean O'Hollaren | Chief External Affairs Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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