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In addition, Albemarle's other products, such as polymer additives and fine chemicals, have also increased in price, resulting in a net increase of 109% in net income last year. Yabao’s net income last year was approximately US$115 million, and net income in 2004 was approximately US$55 million.
According to another report, a new technology center constructed by Yabao in Nanjing last year is currently progressing smoothly. After the technology center is completed, it will provide technical support to Albemarle users of polymer additives in China. In addition, Albemarle also set up a set of alkyl aluminum polyolefin catalyst sub-contracting facilities at the technical center, which is expected to be put into use in July this year. (Wang Xiulan)
This report, the United States Albemarle recently released 2005 performance has attracted much attention in the industry. In 2005, the company's sales reached 2.107 billion U.S. dollars, an increase of 39% from the 1.514 billion U.S. dollars in 2004. The significant increase in sales revenue mainly comes from the contribution of its catalyst department. With the increase in the price of refinery catalysts, sales revenue in this segment has increased a lot.