28 August 2012

Albemarle opens new R&D center at catalyst manufacturing facilities in Yeosu, South Korea

Yeosu, South Korea - 28 August 2012 (PRNewswire) - Albemarle Corporation today celebrated the grand opening of a new Research and Operations Center (ROC) at its facility in Yeosu, Korea. 

The Yeosu facility is currently producing lab-scale and pilot-scale quantities of single site catalysts and components used in the polymer industry. The ROC addition will house new analytical and polymerization labs designed to support R&D and manufacturing efforts for these products. Furthermore, it will help in generating new business throughout Asia Pacific in anticipation of Albemarle's commercial plant that is slated for completion at the Yeosu site later this year. 

"Our Yeosu facility has been established as a world-class producer of polymer catalysts that utilize our ActivCat® and Advantage™ technologies. The ROC will be essential in scaling up production of these products to meet growing global demand and the specific needs of our customers," said Amy H. Motto, Vice President of Albemarle's Catalysts global business unit. 

"The ROC is a state-of-the-art facility that will allow for the quicker development of new catalyst formulations and could considerably decrease time-to-market for our products," said Jason Bevan, Site Manager, Albemarle Chemicals Korea. "Our team in Korea has done an exceptional job in bringing this ambitious project to fruition." 

Albemarle's board of directors has also approved the expansion of the existing Yeosu facility to produce Albemarle's PureGrowth™ products. These products are used in metal organic chemical vapor deposition (MOCVD), a process used to manufacture chips for semiconductors, LEDs, and optoelectronic devices. The expansion is slated for completion in 2013. 

Albemarle's Performance Catalyst Solutions division, a segment of its Catalysts global business unit, delivers high performance catalyst solutions through a finished catalyst product portfolio. The division is comprised of three business units: Polymer Catalysts, Chemical Catalyst, and Electronic Materials. Collectively, these businesses provide performance-based products and services that are used in the plastics, industrial chemicals, and electronics industries. 

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. 

Source: Albemarle Corporation