Refinery-catalyst giant Albemarle on July 17 reported second-quarter (2Q) 2013 earnings of US$82.7 million, up from $50.1 million in 2Q 2012. In the latest quarter, net sales fell to $634.2 million, from $684.9 million in 2Q 2012, “driven by our exit from the phosphorus flame-retardants business, lower metals surcharges, unfavorable pricing in our bromine portfolio and lower fine-chemistry services volumes, partly offset by favorable volumes in our refinery catalysts and brominated flame-retardant businesses,” according to the company.
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