Afton Chemical Ready to Deliver Gasoline Performance Additives Quicker to Asia Pacific
Singapore, 1st March 2022, Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, has completed its phase 3 expansion to add Gasoline Performance Additives (GPA) blending capabilities at its Singapore Chemical Additive Manufacturing Facility.
The expansion is in line with Afton’s ‘Made In’ strategy that focuses on effective localized supply chain solutions to its customers in Asia.
It is the first GPA blending unit in Asia Pacific by Afton and complements our global network of blending and terminal operations in the Americas and Europe. The unit and its capabilities will provide the additional infrastructure required to support the company’s long-term global growth plans and meet the increasing demands for GPA in the region.
“The GPA new blending unit is now fully operational, and we completed our first commercial fulfillment to a key customer. We have now connected our manufacturing and blending capacities globally, supporting regional and global business continuity. It will also provide security of supply and shorter lead times for our customers, said Mr. Kevin Keller, VP, Global Supply, Afton Chemical Corporation. “This is critical during this period where global supply chains are so disrupted and is testament to our ongoing investment strategy around enhanced supply chain solutions.”
“We are committed to developing cost-effective and differentiated GPA solutions ‘Made For’ the region. This addition to our supply network ensures that the total solution combining “Made For” and “Made In” will help provide our customers with a competitive edge in their markets,” said Mr. Sean Spencer, Vice President and Managing Director of Afton Chemical Asia.
Afton’s market-leading gasoline performance additive technology provides extended protection for both Gasoline Direct Injection (GDI) and Port Fuel Injection (PFI) systems used in internal combustion and hybrid engine platforms.
“Our additive technology helps ensure these engines are performing at optimal levels to deliver increased fuel economy, reduced emissions whilst also providing performance benefits on power and acceleration for better driving experience,” said Mr. Lau Teck Aun, Marketing Manager, Afton Chemical Asia.
At the forefront of GPA testing, Afton has spent more than 20 years developing industry-leading proprietary tests in collaboration with Original Equipment Manufacturer (OEM) partners, Fuel Injector Equipment manufacturers, and oil companies. Afton has a global network of Fuel and Lubricant additive Technology Centers, including Suzhou and Tsukuba in Asia Pacific, that provide its customers with enhanced technical services, including sample blending, physical and chemical analysis, and performance testing.
Afton is committed to delivering innovative fuels and lubricant additives that support a cleaner, sustainable future. This GPA blending unit ensure that Afton is delivering solutions that provide technology benefits, fuel economy improvements, and emissions reduction quicker in Asia Pacific, the biggest growth market in the world.
About Afton Chemical Corporation:
Afton Chemical Corporation is part of the NewMarket Corporation (NYSE: NEU) family of companies. Afton Chemical Corporation uses its formulation, engineering and marketing expertise to help their customers develop and market fuels and lubricants that reduce emissions, improve fuel economy, extend equipment life, improve operator satisfaction and lower the total cost of vehicle and equipment operation. Afton Chemical Corporation develops and sells an extensive line of unique additives for gasoline and distillate fuels, driveline fluids, engine oils and industrial lubricants. Afton Chemical Corporation supports global operations through regional headquarters located in Asia Pacific, EMEAI, Latin America and North America. Afton Chemical Corporation is headquartered in Richmond, Virginia. For more information, visit www.aftonchemical.com.
Cautionary Note Regarding Forward-Looking Statements:
Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements regarding the benefits of the company’s manufacturing expansion and statements about the company’s long-term global growth plans. Although NewMarket’s management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations.
Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at production facilities, including single-sourced facilities; hazards common to chemical businesses; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; sudden or sharp raw material price increases; competition from other manufacturers; current and future governmental regulations; the gain or loss of significant customers; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters; terrorist attacks and health-related epidemics such as the COVID-19 pandemic; risks related to operating outside of the United States; political, economic, and regulatory factors concerning our products; our inability to realize expected benefits from investment in our infrastructure or from recent or future acquisitions, or our inability to successfully integrate recent or future acquisitions into our business; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Item 1A. “Risk Factors” of our 2021 Annual Report on Form 10-K, which is available to shareholders upon request.
You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date on which such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the company. We have no duty to, and do not intend to, update or revise the forward-looking statements in this discussion after the date hereof, except as may be required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statement made in this discussion, or elsewhere, might not occur.
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