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People & Business :: Companies

Albemarle Aims to Boost Profits 60% through 2010

1:20 PM MDT | May 20, 2008 | Nancy Seewald

Albemarle has outlined growth plans through 2010 that includes increasing earnings to $369 million/year, an increase of about 60% over 2007, and growing sales by 40%, to $3.2 billion. “Our strategies for success include initiatives to help refineries create clean-burning fuel from poor-quality crude oil, make renewable fuels from nonfood-source raw materials, and support the development of new pharmaceutical and agricultural products,” says Mark C. Rohr, Albemarle president and CEO, who outlined the plan at the company’s investor conference...

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