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September 03, 2015 4:00 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Afton Chemical Corporation

Company Overview

Afton Chemical Corporation develops and manufactures petroleum additives. The company offers gasoline performance additives, diesel fuel additives, and lubricity and cold flow improvers; and driveline products, such as automotive gear oil, automatic transmission fluid, off-road vehicle, and power steering fluid additives, as well as additives for step-type automatic, continuously variable, and dual clutch transmission types. It also offers passenger car, heavy duty diesel, motorcycle, and railroad and marine diesel engine oil additives, as well as olefin copolymer viscosity index improvers; fuel additives that include specialized additives for automotive performance, octane, home heating oil...

500 Spring Street

Richmond, VA 23219

United States

Founded in 1969

Phone:

804-788-5800

Fax:

804-788-5184

Key Executives for Afton Chemical Corporation

President and Chief Marketing Officer
Age: 54
Chief Executive Officer of Newmarket Corporation
Treasurer
Age: 65
Vice President of Lubricant Additives
Compensation as of Fiscal Year 2015.

Afton Chemical Corporation Key Developments

Afton Gets Board Approval to Expand Singapore Additives Plant

Afton Chemical has received board approval from parent NewMarket Corporation to begin construction on a second-phase expansion of its engine oil additives plant in Singapore. The second phase, which includes additional component production units, will more than double Afton's investment on Singapore's Jurong Island petrochemicals hub, to about SGD 400 million, after completion in 2017. The construction of the first phase, announced in July 2012, is scheduled to be completed by end 2015. Longer term, Afton may also produce other petroleum additives at the Singapore plant.

Afton Chemical Names ChemPoint Exclusive Distributor of Packaged Goods in the U.S. and Canada

Afton Chemical Corporation announced that it has selected ChemPoint.com Inc. as its exclusive distributor of packaged goods in the United States and Canada, effective Aug. 1, 2015. The agreement covers the packaging and distribution of all packaged products by ChemPoint, including the HiTEC, Polartech, and Actrasol product lines. Afton and ChemPoint worked together to build a custom supply chain network that addresses the specific needs of Afton's customers. ChemPoint will power this new logistics organization, making products available in more locations, in closer proximity to customers. Afton and ChemPoint will be implementing this new agreement in phases. All current Afton customers will be contacted directly with details about when they will begin experiencing the benefits of this relationship and should direct any questions to their Afton Sales Representative.

Afton Chemical Corporation Announces Addition of New Chemical Additive Manufacturing Facility on Jurong Island, Singapore

Afton Chemical Corporation will expand its global supply network with the addition of a new chemical additive manufacturing facility on Jurong Island, Singapore. Designed and located to support the growth of the Asia-Pacific and Middle East markets, the plant will start to produce components in January 2016 to support the next generation of additive solutions. Construction will begin after a June 25, 2014, groundbreaking ceremony on Jurong Island. The site was selected after a analysis focused on local infrastructure, market access, economics, safety, and logistics. Foster Wheeler Singapore will manage the engineering and construction. To support company's Engine Oil business, the first operational unit will produce detergents for commercial use in 2016. Construction and startup of additional units to produce dispersants and anti-wear components will follow with full operation expected within the next five years. When completed, the plant will operate around the clock. There is also the opportunity to expand the plant further based on future market conditions.

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