Albemarle Corp.'s chief executive officer says the Baton Rouge-based specialty chemicals maker is well on its way to reaching its 2015 goal of more than $5 billion in revenue and earnings of more than $9 per share.
The Advocate reports (http://bit.ly/KoV7c9) CEO Luke Kissam said Tuesday Albemarle set those goals in 2010, laying them out in its Vision 2015 plan. Those goals include earnings per share ranging from $8.40 to $9.75 per share.
Albemarle had record earnings in 2011 of $436.3 million, or $4.77 per share, on sales of $2.9 billion.
Kissam said Albemarle's growth will be driven by four global trends. They are increasing population, technology, consumerism and resource management.
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Information from: The Advocate, http://theadvocate.com
