Sector: Materials|Industry: Specialty Chemicals|Market Cap: $10.60B|Employees: 9K
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Specialties segment provides bromine-based specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals; lithium specialties, such as butyllithium and lithium aluminum hydride; develops and manufactures cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators. The Ketjen segment offers clean fuels technologies (CFT), which is composed of hydroprocessing catalysts (HPC) together with isomerization and akylation catalysts; fluidized catalytic cracking (FCC) catalysts and additives; and performance catalyst solutions (PCS), which is composed of organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.
This amendment to the 10-K filing is primarily to include the separate financial statements of Windfield Holdings Pty Ltd, as required under Rule 3-09 of Regulation S-X. The financial statements for the fiscal year ended December 31, 2024, were not available at the time of the original filing.
Unaudited consolidated financial statements for Windfield are included for the fiscal year ended December 31, 2024, and audited consolidated financial statements are included for the years ended December 31, 2023, and 2022. This inclusion is due to Windfield's significance under Rule 3-09 for those years.