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A/Afton

Afton Chemical Makes Strategic Investment in Asia Pacific Manufacturing Facility

2009-07-27 14:03
  • English
  • Expands Afton Chemical’s supply chain capability to support customers in the Asia Pacific region
  • Facility will be scalable and flexible, to meet demand as the market develops

 

RICHMOND, Va.--(BUSINESS WIRE)--Afton Chemical Corporation announces the new investment in an Asia Pacific manufacturing facility to better service our customers in the region. This new plant will improve security of supply and provide shorter lead-times with first intent products using cutting edge technology.

“Afton is investing in Asia Pacific so we can invent and produce customized solutions within the region and for the region,” said Warren Huang, President. “We are committed to the Asia Pacific market with one purpose in mind, to help our customers run a profitable business,” Huang continued.

The Afton site will be located on Jurong Island, Singapore, and will be operated by Chemical Specialties Singapore (Pte) Ltd. Huang added, “We’ve been looking for the right investment opportunity in the region for a number of years. Our new operations will be located at an established facility, which will allow for fast initial start-up. The initial capacity will represent a small increase to our overall global production. The facility will be scalable, allowing Afton to add capacity as the market grows. This is the right investment, in the right place at the right time.”

Earlier in the year Afton Chemical announced a new research and development facility in Shanghai, China and a new and expanded facility in Tsukuba, Japan. The primary objectives of these laboratories are to improve response time to customers and develop more products for the specific needs of the Asia Pacific region.

Afton Chemical Corporation is a wholly-owned subsidiary of NewMarket Corporation (NYSE:NEU). Afton Chemical develops and manufactures petroleum additives that boost the performance of fuels and lubricating oils to achieve increased efficiency, power and durability in machinery, vehicles, and other equipment. From custom-formulated chemical blends to market-general additive components, Afton Chemical technology helps fuels burn cleaner and more efficiently, engines run smoother, and machines last longer.

 

Contacts

Afton Chemical Corporation
Lauren Ereio, Marketing Communications
804-788-5800