ALBEMARLE CORPORATION SWIFT CODE

ALOTUS33 – ALBEMARLE CORPORATION

SWIFT CODEALOTUS33
BANKALBEMARLE CORPORATION
ADDRESS4350 CONGRESS STREET, FLOOR 700
CITYCHARLOTTE
BRANCH
POSTCODE28209
COUNTRYUnited States
Detailed information about SWIFT CodeĀ ALOTUS33

SWIFT Code ALOTUS33 Breakdown


SWIFT CODE
ALOTUS33 or ALOTUS33XXX
BANK CODE
ALOT – code assigned to ALBEMARLE CORPORATION
COUNTRY CODE
US – code belongs to United States
LOCATION CODE
33 – code represents the institution location
CODE STATUS
3 – 3 means active code
BRANCH CODE
not assigned or XXX – code indicates this is a head office

What is Albemarle Corporation?

Albemarle Corporation is a specialty chemicals company headquartered in Charlotte, North Carolina. Founded in 1994 through the merger of Ethyl Corporation and Albemarle Paper Company, Albemarle has a long history dating back over 100 years.

Overview and History

Today, Albemarle Corporation is a leading global manufacturer of highly-engineered specialty chemicals. The company serves various end markets including petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry services.

Albemarle operates in three segments: Bromine Specialties, Catalyst Solutions, and Lithium. It has customers in approximately 100 countries and production facilities located across the Americas, Europe, the Middle East, and Asia Pacific.

Over its century-long history, Albemarle has grown substantially through organic investment and strategic acquisitions to become a world leader in specialty chemicals manufacturing and distribution.

Products and Services

Albemarle produces a diverse array of specialty chemicals, offering over 1,500 premium products to customers globally.

Some of the company’s major products include:

  • Bromine-based compounds: Flame retardants, water purification chemicals, drilling fluids, photographic chemicals
  • Catalysts: Petroleum refining catalysts, polyolefin catalysts and curatives
  • Lithium compounds: Lithium hydroxide, lithium carbonate, lithium chloride – used in electric vehicles, consumer electronics, pharmaceuticals
  • Other chemicals: Chemical intermediates, surfactants, amines, phosphine oxides, silanes

In addition to manufacturing and distributing these chemicals worldwide, Albemarle provides custom R&D and process development services.

Global Locations

Headquartered in Charlotte, North Carolina, Albemarle operates over 75 production sites globally and employs approximately 6,400 people worldwide. Some of the company’s major regional locations include:

  • North America: Texas, Louisiana, North Carolina, Arkansas
  • Europe: Germany, Belgium, France, Netherlands, Spain
  • Asia Pacific: China, Japan, South Korea, Taiwan, Singapore
  • Middle East: Saudi Arabia, United Arab Emirates
  • South America: Chile

This extensive global footprint allows Albemarle to efficiently meet the specialty chemicals needs of customers operating in diverse end markets worldwide.

Understanding SWIFT Codes

SWIFT codes are standardized bank identifiers used to facilitate cross-border money transfers. Here are some key details about SWIFT codes that are useful to know:

What is a SWIFT Code?

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT codes consist of 8 to 11 alphanumeric characters that help identify relevant details about a bank during international transactions.

SWIFT codes support wire transfers and other electronic payments between banks globally. Over 11,000 banking institutions across over 200 countries use SWIFT codes.

SWIFT Code Components

SWIFT codes contain the following components:

  • Bank Code (4 characters): Identifies the bank name and location
  • Country Code (2 characters): ISO country code
  • Location Code (2 characters): City, state, or region location
  • Branch Code (3 characters, optional): Branch unique identifier

These code components pinpoint the exact bank branch involved in an international wire transfer or electronic payment.

How SWIFT Codes Are Used

During cross-border payment transactions between banks, SWIFT codes provide critical details to route transfers correctly.

The codes confirm:

  • Identity of the beneficiary bank
  • Account numbers involved
  • Bank branch location
  • Sum and currency being transferred

So SWIFT codes essentially facilitate settlement of international payments within and between countries.

SWIFT Code Details for Albemarle Corporation

Albemarle Corporation utilizes the following SWIFT code for its wire transfers and electronic payments:

SWIFT Code: ALOTUS33

Breaking this down as per the components above:

  • Bank Code: ALOTUS indicates Albemarle Corporation’s bank
  • Country Code: US for the United States
  • Location Code: 33 indicates the state of Virginia
  • Branch Code: Not used

Bank Details

Further information associated with SWIFT code ALOTUS33:

  • Bank Name: Albemarle Corporation
  • Address: 4350 Congress Street, Floor 700
  • City: Charlotte
  • Branch: N/A
  • Postcode: 28209
  • Country: United States

So in summary, the SWIFT code ALOTUS33 is connected specifically to Albemarle Corporation’s banking operations headquartered in Charlotte, North Carolina, USA.

Sending or Receiving International Payments

For companies needing to conduct cross-border financial transactions, SWIFT provides fast and secure transfer of international payments between bank accounts. Here are some key points regarding options for international money transfers:

Options for International Money Transfers

The most common ways to transfer money internationally between bank accounts are:

  • Bank Wire Transfers
  • SWIFT Payments
  • Online Payment Services (PayPal, Wise, Xoom etc.)

SWIFT payments harness the SWIFT messaging network alongside the SWIFT code to settle payments between accounts held at different banks globally.

Wise (formerly Transferwise) also offers excellent exchange rates and low fees for international transfers of high sums.

Using Wise to Save on Fees

One great option to consider for international payments is Wise, an online platform designed specifically to provide consumers and businesses with low-cost currency conversion and money transfers worldwide.

Key advantages of using Wise include:

  • Competitive foreign exchange rates to get more value
  • Low transparent fees compared to banks
  • Fast transfer times
  • Convenient online account management

So utilizing Wise is an efficient way for a company like Albemarle Corporation to potentially reduce transaction costs for recurring supplier payments sent abroad or customer receipts coming from overseas buyers.

Conclusion

In summary, Albemarle Corporation is a globally leading specialty chemicals company that produces highly engineered bromine, catalyst, lithium, and other chemical solutions. Its SWIFT code ALOTUS33 facilitates identification of Albemarle’s US bank in Charlotte during international financial transactions.

Using efficient money transfer platforms like Wise can further optimize speed, costs and transparency when Albemarle Corporation and comparable firms need to pay suppliers or receive cross-border customer payments worldwide.

FAQs

What is SWIFT code ALOTUS33 associated with?

SWIFT code ALOTUS33 is connected specifically to the Charlotte, North Carolina based banking operations of Albemarle Corporation in the United States.

What details are included in the SWIFT code?

The SWIFT code ALOTUS33 indicates that it is connected to Albemarle Corporation’s bank (ALOTUS), located in the United States (US), in the state of Virginia (33).

Can individuals use SWIFT for money transfers?

No, SWIFT is designed mainly to facilitate cross-border interbank fund transfers and settlements. Individuals can’t directly access the SWIFT network. However, online services like Wise allow fast consumer international money transfers.

What advantages does using Wise offer compared to banks for international transfers?

Key advantages of Wise include lower fees, faster transfer times, highly competitive exchange rates allowing more transfer value, and convenient transparent online sending/receiving of international payments.

How many production locations does Albemarle have worldwide?

Albemarle operates over 75 global production facilities throughout the Americas, Europe, the Middle East, and Asia Pacific while employing approximately 6,400 staff worldwide.

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