Albemarle Corporation to hike ibuprofen prices

Fri. August 29, 2008; Posted: 10:03 AM

Aug 29, 2008 (M2 EQUITYBITES via COMTEX) -- ALB | Quote | Chart | News | PowerRating -- Albemarle Corporation (NYSE: ALB), a manufacturer of the anti-inflammatory agent ibuprofen, declared on 28 August that it will raise the prices for its ibuprofen products USD4.50 /kg worldwide, with effect from 1 October 2008, or as contracts allow. The price raise is applicable to Albemarle 40 and Albemarle 70 Ibuprofen grades (40- and 70-micron particle-size bulk products, respectively) as well as ALBE-TAB Ibuprofen products, which are direct compressible formulations optimized for tablet production.

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For full details on Albemarle Corp (ALB) click here. Albemarle Corp (ALB) has Short Term PowerRatings of 4. Details on Albemarle Corp (ALB) Short Term PowerRatings is available at This Link.

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