BATON ROUGE, La., Sept. 13, 2011 /PRNewswire via COMTEX/ -- Albemarle Corporation /quotes/zigman/135848/quotes/nls/alb ALB -0.88% , a global developer, manufacturer and marketer of highly engineered specialty chemicals, announced today that it will increase global prices for generic active pharmaceutical ingredients by 8-12% depending on the specific product. The price increases will take effect October 15, 2011, or as contracts allow.