Atofina Chemicals announces a worldwide joint venture with Albemarle Corporation

Atofina Chemicals, Inc and Albemarle Corporation announced that they intend to form a worldwide joint venture for the production and sale of organotin intermediates.

It is anticipated that the venture will integrate Albemarle's aluminum alkyl position with Atofina's tin intermediate production capability. The purpose of the venture is to develop an integrated manufacturing chain that will produce a long-term, sustainable advantage for butyltin- and octyltin-based stabilizers resulting in market growth. The companies expect the new venture to be operational by January 1, 2002.

A leading global supplier of specialty and fine chemicals that enhance consumer products, Albemarle Corporation serves markets for polymers, surfactants and biocides, pharmaceuticals, agricultural chemicals, water treatment, photographic chemicals, and petroleum products.

600450 Atofina Chemicals announces a worldwide joint venture with Albemarle Corporation

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