Albemarle Corporation has announced that Jordan Bromine Company, its joint venture located on the Dead Sea in Safi, Jordan, will double the capacity of its bromine production in order to meet expanding global customer requirements.
The company will also increase the capacity of bromine derivatives and size of its bromine ISO tank fleet. Expansion is expected to begin by mid-year with initial bromine production capacity projected to come online in 2012 to align with market needs.
"This significant increase in bromine capacity is needed to meet growing global demand for our bromine and bromine derivatives," commented Mark Rohr, chairman and CEO of Albemarle. "The investment further strengthens JBC's position as the world's low-cost bromine producer and allows us to continue providing our customers around the world with quality products that drive value in their processes."
Jordan Bromine Company is a joint venture between Arab Potash Company and Albemarle Holding Company, Limited, a wholly owned subsidiary of Albemarle Corporation. "This significant capital expansion of JBC's production facilities demonstrates the confidence of Arab Potash Company and Albemarle in JBC's operational capabilities and their commitment to JBC maintaining its position as a leader in the global bromine market," said Dr. Nabih Salameh, chairman of Arab Potash Company's board of directors.
The partners commenced construction of the existing facilities in 2001, and operations began in early 2003. JBC has enjoyed steady and consistent growth through the years.
"We are well pleased with this announced expansion," said Dr. Hani El-Mulki, Jordan minister of Trade and Industry. "An existing multi-national business reinvesting and doubling capacity in such short time, to further grow its business and profits, sends a strong signal of Jordan's powerful economic potential. New capital programs mean more jobs and more prosperity for the region."
Albemarle Corporation operates bromine production facilities in Columbia and Union counties.