quaker chemical corp (KWR) Key Developments
Quaker Chemical Corporation Introduces Roll Lubrication to the 4-High Steckel Mill
Jul 15 15
Quaker Chemical Corporation introduced roll lubrication to the 4-high Steckel mill at Nucor Steel Tuscaloosa Inc. which resulted in advantages such as significant extension to roll service life and a notable reduction in mill torque. To further understand the impact of roll lubrication, a trial was performed which yielded the mechanism and advantages of backup roll lubrication in the reversing hot rolling mill: Fewer roll changes are needed with lubricated backup rolls, as the normal pressure and friction traction between the backup and work rolls are reduced, which translates to extended roll service lives and lower roll costs; Roll bite lubrication lowers the mill separating force and torques by increasing the slipping zones and counteracting the length of the breaking zone; and bite and roll slippage are no longer factors with the presence of lubrication after oiling time is schemed.
Quaker Chemical Corporation Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-24-2015 10:00 AM
May 26 15
Quaker Chemical Corporation Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-24-2015 10:00 AM. Venue: JW Marriott Hotel, 151 W. Adams Street, Chicago, Illinois, United States.
Quaker Chemical Corporation Amends its By-Laws
May 8 15
On May 6, 2015, the Board of Directors of Quaker Chemical Corporation amended the company’s By-laws to Provide that notices of shareholder-proposed business and director nominations must be submitted at least 90 (but not more than 120) days before the anniversary of the prior year’s annual meeting, and require that a shareholder making a director nomination or bringing other business at a shareholder meeting must be a shareholder of record both at the time of the notice and at the time of the meeting and must appear in person or by proxy at the meeting; Require that business being proposed be a proper subject for action by shareholders under applicable law (and, if implemented, not cause the Company to violate any applicable law or regulation), and prohibit any individual from being appointed, nominated or elected a director of the Company if at that time such person cannot serve as a director without conflicting with any applicable law or regulation; Require that shareholder notices of proposed business and director nominations: describe any proxies, contracts, understandings or relationships as a result of which the shareholder has the right to vote any Company securities; describe any agreements, arrangements and understandings between the shareholders and any other person in connection with the shareholder business proposals; include any other information that the shareholder would be required to disclose under the federal proxy rules if undertaking a proxy solicitation relating to the proposal or nomination; in the case of a director nomination, disclose all direct and indirect compensation and other material relationships involving the proposing shareholder and the nominee; and describe all of the shareholder’s economic interests in Company securities, including any derivative positions, short positions, hedging and similar transactions, direct or indirect interests in any general or limited partnership which holds Company securities or derivative positions related to Company securities, or performance based fees the shareholder is entitled to receive based on any increase or decrease in the value of the Company’s securities or derivative positions related to the Company’s securities; Require all director nominees to complete the Company’s Director & Officer Questionnaire, and make certain representations to the Company relating to voting commitments, compensation and other economic arrangements and future compliance with the Company’s corporate governance and other applicable policies and guidelines applicable to directors; and Provide that nominations of persons for election to the Board may also be made at a meeting of shareholders by or at the direction of the Board.
Quaker Chemical Seeks Acquisition
May 8 15
Michael F. Barry, Chairman, Chief Executive Officer and President, Quaker Chemical Corporation (NYSE:KWR) said, "'Together with the dividend, our primary use of capital will continue to be funding growth, both organically or by acquisitions. We have completed ten acquisitions over the past five years and we are pleased with the value they have created to date and the value we expect them to generate in the future. We continue to believe that additional acquisitions will be the best way to maximize shareholder value over the next several years. We intend to proceed with both acquisitions and share repurchases while maintaining our leverage at a reasonable level. The level of share repurchases will depend upon our judgment on the potentialacquisition opportunities in the pipeline at any given time".
Quaker Chemical Corporation Approves Increase in Quarterly Cash Dividend Payable on July 31, 2015
May 6 15
Quaker Chemical Corporation approved a 7% increase in its quarterly cash dividend. The higher quarterly dividend of $0.32 per share, up from $0.30 per share, is to be paid on July 31, 2015 to shareholders of record as of July 17, 2015.