Albemarle Corporation to Relocate Corporate Headquarters to Charlotte

Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) announced today that Albemarle Corporation will relocate its corporate headquarters to Charlotte in 2016, creating 120 jobs and investing $12.9 million in capital. Currently headquartered in Baton Rouge, Louisiana, Albemarle Corporation is a premier, global specialty chemicals company.

“North Carolina is the ideal backdrop for headquarters’ operations of globally-connected businesses like Albemarle Corporation,” said Gov. McCrory. “Today’s announcement means that we can add another prominent name to the state’s growing list of elite companies basing their headquarters here.”

Having celebrated its 20th anniversary as a publicly traded company last year, Albemarle is a premier specialty chemicals company with leading positions in attractive end markets around the world. With a broad customer reach and diverse end markets, Albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services. Albemarle employs approximately 6,900 people and serves customers in approximately 100 countries.

“As we look at the ever-increasing demands for communication, collaboration and mobility for our employees and our customers, Charlotte is the best strategic location to base the new Albemarle,” said Luke Kissam, Albemarle’s president and chief executive officer. “We are looking forward to expanding our presence in North Carolina, and becoming an even more significant partner in the communities where we live and operate. Albemarle employees are known not only for the innovative products they deliver on the job, but even more so for the countless hours and millions of dollars they donate to enhance our communities through the Albemarle Foundation. Albemarle and Charlotte will be great partners.”

New positions will include executive leadership, business leadership for the performance chemicals global business unit and functional team leadership positions, such as human resources, finance, legal and corporate affairs. Wages will vary by position, but will average at least $169,425 annually.

“Albemarle Corporation’s decision to relocate their corporate headquarters to Charlotte is proof of all that our city and region have to offer,” said Bob Morgan, Charlotte Chamber president and chief executive officer. “From the cost of doing business to the international connectivity of our airport, Charlotte is proud to add another distinguished corporate headquarters citizen in Albemarle Corporation.”

Samuel Pruitt of Site Selection Group LLC and Tripp Guin of TRIPP Commercial LLC are representing Albemarle Corporation in its real estate transaction.

The Charlotte Chamber would like to thank Gov. Pat McCrory, Commerce Secretary John Skvarla, North Carolina Department of Commerce, Economic Development Partnership of North Carolina, North Carolina Community College System, Charlotte Regional Partnership, City of Charlotte and Mecklenburg County for their contributions to this very important project.

For job opportunities at Albemarle Corporation, please visit http://albemarle.com/careers/career-opportunities-238.html