Afton Chemical Corporation Expands its China Technology Center
Singapore, January 10, 2017 – Global petroleum additive specialist Afton Chemical Corporation today announced the opening of its expanded China Technology Center located in Suzhou, which was marked by special visits from Yanyan Sun, Vice Chairman, Suzhou Industrial Park Administrative Committee; Vivian Liu, Director, Investment Promotion Bureau as well as other IPB members. Xiaoqing Wu, Deputy Director of Economic Development Commission and Rose Gao, Secretary-General, Suzhou Industrial Park Service Outsourcing Association were also in attendance.
Afton has unrivalled research and development facilities across the world, including Technology Centers in the US, Japan and the United Kingdom. At these facilities, we conduct testing to ensure our products meet or exceed the latest performance requirements of both OEM and Industry specifications. We also develop our own proprietary tests and design field trials to create compelling proof of performance data that helps our customers’ products stand out in their markets.
“Today’s opening of our expanded China Technology Center marks Afton’s continued commitment and investment in China and Asia Pacific,” said Sean Spencer, Vice President and Managing Director, Afton Chemical Asia. “More importantly, it enables us to better assist our customers in the region by delivering differentiated solutions that are designed and proven to meet the unique and demanding needs of the Chinese market.”
Our China Technology Center (CTC) has been designed to help us bring our customers’ differentiated technology claims to life. As part of this commitment the upgraded facility has newly installed research blending capacity to produce finished lubricants for testing in field trials and OEM validation tests. Additionally, our new teardown facilities will provide Afton’s customers firsthand access to real-world test data and imagery to support their product performance claims.
“The upgrade and expansion of the analytical and mechanical laboratories, coupled with our new blending and teardown facilities, will allow us to more efficiently meet the needs of our OEM and oil company partners in China, as we will be able to conduct a greater number of tests here in the region,” said Jon Rock, Vice President, R&D, Afton Chemical Corporation. “It will also allow us to develop Afton proprietary tests that focus on the needs of Asia Pacific”.
The facility also sports a brand new 80-seat auditorium, upgraded meeting rooms and a Solutions Hall that showcases our market insight and application based technology capabilities.
“We wanted to have dedicated areas for customers to use when they visit the center,” said Winston Fong, Sales Director, Afton Chemical Asia. “We want to encourage customers to come and see how we can help them differentiate their product offerings. We want them to view firsthand the field trial vehicles using their lubricants, being torn down and the lubricant samples being tested, to see Afton’s technology solutions in action.” said Winston Fong, Afton Chemical Asia.
Afton looks forward to sharing our Passion for Solutions with our customers in China and around the world, helping them develop solutions that their customers will truly value.
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, the 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.
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