HiTEC® 12200 Series. Real World Knowledge. Real World Advantages.

Singapore, October 10, 2016

Afton Chemical has announced the launch of the HiTEC® 12200 Series of heavy duty engine oils (HDEO). Before Afton developed this next generation additive package, its marketers and technicians headed into the field and gained valuable insights on what truck drivers, fleet operators and mechanics really valued in a HDEO. 

“We invest heavily in market research, which enables us to translate market insight into winning solutions for our customers who want to tap into the growth opportunities that heavy duty engine oil represents. HiTEC® 12200 is an excellent example of this approach,” said Vanessa Montgomerie, Senior Marketing Manager at Afton.

Afton discovered that truck drivers want more power and think that heavy duty diesel engine oils can help to deliver it. “We listened to their needs and developed a formulation that delivered exactly what they wanted,” said William Anderson, R&D Engineering Specialist at Afton’s Application Solutions Centre. “Filter plugging and deposits can cause an engine to run sub optimally. Additives can help to address these issues, thereby contributing to the engine producing the power output intended. In testing, HiTEC® 12200 demonstrated excellent results in reducing the instance of filter plugging as well as high temperature protection from deposits.”

Unsurprisingly, truck drivers and fleet operators also said that they wanted to be able to extend oil drain intervals, but were concerned about breakdowns, drop in engine oil pressure and increased fuel consumption. “Our research indicated that the average oil drain interval in China today is 16,000km,” said Pan Yin Liang, Field Test Engineer at Afton. “We decided to run a rigorous field trial with HiTEC® 12200 extending the truck mileage out to 50,000km. The results indicated that oil drain intervals may be extended past the national average despite running the trucks in challenging terrains, loads and weather conditions.”

Engine wear and the costs associated with parts replacement and vehicle downtime were also of concern to
fleet operators and owner drivers and in the field trial HiTEC® 12200 demonstrated that it delivered 
best in class wear protection."

Products within the HiTEC® 12200 Series will be launched progressively with the initial core packaging being an API CH-4/CI-4 15W-40. The Series will be expanded to comprise full range of differentiated product profiles with key applications in on-road trucks and buses as well as off-road construction and mining equipment.

HiTEC® is a registered trademark of Afton Chemical Corporation. All Rights Reserved.

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. 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, availability of raw materials and distribution systems; disruptions at manufacturing facilities, including single-sourced facilities; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; failure to attract and retain a highly-qualified workforce; hazards common to chemical businesses; competition from other manufacturers; sudden or sharp raw material price increases; the gain or loss of significant customers; the occurrence or threat of extraordinary events, including natural disasters and terrorist attacks; risks related to operating outside of the United States (including the additional risks and uncertainties introduced by the recent referendum on the United Kingdom’s membership in the European Union); the impact of fluctuations in foreign exchange rates; an information technology system failure; political, economic, and regulatory factors concerning our products; future governmental regulation; resolution of environmental liabilities or legal proceedings; our inability to realize expected benefits from investment in our infrastructure or future acquisitions or our inability to successfully integrate 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 2015 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.

Media Contact:

Asia Pacific
Vanessa Montgomerie, Senior Marketing Manager, Afton Chemical Asia Pte. Ltd.
[email protected]
+65 6739 6327

Europe, Middle East, Africa, India
Philippe Yannic, Senior Marketing Manager, Afton Chemical Limited
[email protected]
+44 1344 356 640

Latin America
Gerardo Alvarez, Marketing Director, Afton Chemical
[email protected]
+1 804 788 5919

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