ALB - Specialty Chemicals Producer Albemarle To Cut Expenditure In 2024 | Benzinga
Specialty chemicals manufacturer Albemarle Corporation (NYSE:ALB) has outlined a series of measures to re-phase its organic growth investments and optimize its cost structure.
These actions are designed to unlock cash flow over the near term and generate long-term financial flexibility.?
Albemarle expects its 2024 capital expenditures to be $1.6 billion – $1.8?billion, down from approximately $2.1 billion in 2023.
The reduction in spending reflects a re-phasing of larger projects in the near term to focus on those that are ...