Albemarle income rises following Rockwood acquisition but bromine disappoints
Published: Thursday, 07 May 2015
Albemarle has tightened and heightened its per-share earnings guidance for the year ahead. While profits for the business have risen, this is mainly due to extra lithium sales from Rockwood, which the company finished integrating earlier this year, as the bromine department continues to face substantial industry pressures.
US-based speciality chemicals supplier
Albemarle Corp. has recorded net profits of $127.2m for the
first quarter of 2015, up 19% year-on-year (y-o-y), although
its bromine business continued to struggle.
The rise is partially attributable to the
company’s acquisition of lithium chemicals
producer Rockwood Holdings Inc., which was completed in January