Albemarle Corp. (ALB) announced that it has entered into a series of strategic agreements with Chemtura Corp. (CEMJQ.PK). The parties entered into a long-term supply agreement under which Albemarle will supply Chemtura with certain requirements of BA-59P, DE-83P, Decabromodiphenyl ethane, N Propyl Bromide and Sodium Bromide.
The companies have also entered into a Settlement and Cross License Agreement that resolves pending litigation and grants Chemtura a license to sell Albemarle's proprietary Saytex 8010 flame retardant.
The companies have entered into a Brine Mineral Interest Agreement in which Albemarle will assign certain brine mineral interests in Chemtura's existing West Bromine Unit to Chemtura, and Chemtura will assume Albemarle's obligations related thereto.
Albemarle will incur charges of approximately $4 million in the fourth quarter 2009 relating to the transfer of its brine mineral interests and the write-off of certain impacted bromine assets.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.