Afton Chemical

Afton Chemical Corporation
Subsidiary of NewMarket Corp
Industry Chemicals
Founded 1877 [1]
Headquarters Richmond, Virginia, U.S.
Area served
 Worldwide
Key people
 Robert Shama (President)
Products

Chemicals

Petroleum Additives
Website aftonchemical.com

Afton Chemical Corporation develops and manufactures petroleum additives, including driveline, engine oil, fuel and industrial additives. Afton Chemical Corporation is headquartered in Richmond, Virginia, and has operations around the world. The company is a subsidiary of NewMarket Corporation (NYSE: NEU), a corporation specializing in performance specialty chemicals.

Operations

Afton Chemical products fall into four different strategic business units: driveline additives, engine oil additives, fuel additives, and industrial additives.

Driveline Additives

This segment includes driveline additives for automatic (ATF), continuously variable (CVT) and dual-clutch (DCT) transmission types, as well as gear oil additives for rear-axle and manual transmissions.[2]

Engine Oil Additives

Afton Chemical offers engine oil additives for passenger car, motorcycle, medium speed diesel and heavy-duty engines, as well as olefin copolymer viscosity index improvers.[3]

Fuel Additives

Afton Chemical produces fuel additives for gasoline and diesel vehicle performance, octane levels, home heating oil, and fuel specification and distribution.[4]

Lubricant Additives

Lubricant additives are organic and synthetic chemical components and the product segment includes couplers, dispersants and emulsifiers, friction modifiers, and tackiness additives.[5]

Industrial Additives

Afton Chemical acquired metalworking additives producer Polartech in 2010 to expand its industrial product base. [6] Industrial products include lubricating grease additives, hydraulic lubricants and metalworking fluids.[7]

Locations

Afton Chemical has regional offices located in Asia Pacific, Europe, India, the Middle East, Latin America and North America.[8] The company has a technical center located in Ashland, Virginia. The Ashland Technical Center is the R&D site for vehicle-based research used by all strategic business units that manufacture automotive additives, including engine oil, fuel, transmission and axle. The center is used for research into durability, fuel economy, emissions, and new-product development.[9] Plants are located in Belgium, England, India, Brazil, China and throughout the United States.[10] The company opened a research lab in Suzhou, China, in 2011[11] and in July 2012 announced the construction of a new chemical additive manufacturing plant in Jurong Island, Singapore, which became operational mid-2016.

Industries

Afton Chemical operates within the petroleum industry, primarily focusing on, and manufacturing chemical additives for: driveline, engine oil, fuel, and industrial business units.

History

2013 – Afton Chemical announces expansion in Asia-Pacific with a new manufacturing facility on Jurong Island, Singapore.

2013 – Robert Shama replaces Warren Huang as president of Afton Chemical.[12]

2010 – Afton Chemical acquires PolarTech Metalworking and adds R&D and manufacturing facilities in the U.K., and manufacturing sites in India, China and the U.S.

2009 – Afton Chemical expands investment in the Asia-Pacific region with facilities in Shanghai, China, Tsukuba, Japan and Jurong Island, Singapore.

2008 – Afton Chemical acquires the North American fuel additives business of GE Water and Processing Technologies.

2004 - Ethyl Petroleum Additives, Inc. changes its name to Afton Chemical Corporation. It begins operating as a wholly owned subsidiary of NewMarket Corporation.

1996 – Ethyl acquires Texaco Additives Company.

1992 – Ethyl acquires Amoco Petroleum Additives in the U.S. and Nippon Cooper in Japan, as global consolidation comes to the petroleum industry.

1975 – Ethyl acquires Edwin Cooper, Inc.

1962 – Albemarle Paper Co. acquires Ethyl Gasoline Corporation and adopts the Ethyl Corporation name.

1924 – General Motors Chemical Corporation, which introduced a chemical to reduce engine “knock,” is renamed as Ethyl Gasoline Corporation.[13]

1887 – Albemarle Paper Manufacturing is founded in Richmond, VA[14]

References

  1. ↑ "OurHistory". Retrieved 16 January 2015.
  2. ↑ "Company Overview of Afton Chemical Ltd.". Bloomberg Businessweek. Retrieved 2015-01-13.
  3. ↑ "Company Overview of Afton Chemical Ltd.". Bloomberg Businessweek. Retrieved 2015-01-13.
  4. ↑ "Company Overview of Afton Chemical Ltd.". Bloomberg Businessweek. Retrieved 2015-01-13.
  5. ↑ "Company Overview of Afton Chemical Ltd.". Bloomberg Businessweek. Retrieved 2015-01-13.
  6. ↑ "Afton Chemical aquires new additive division". Richmond Biz Sense. Retrieved 2015-01-13.
  7. ↑ "Company Overview of Afton Chemical Ltd.". Bloomberg Businessweek. Retrieved 2015-01-13.
  8. ↑ "Afton Chemical". Retrieved 2015-01-13.
  9. ↑ "SECTION 10 – RESEARCH AND EDUCATION" (PDF). DMME. Retrieved 2015-01-13.
  10. ↑ "New Market Corporation Annual Report 2013" (PDF). New Market. Retrieved 2015-01-13.
  11. ↑ "Company Search". Hoovers. Retrieved 2015-01-13.
  12. ↑ "Key Changes". IHS Chemical Week. Retrieved 2015-01-13. (Subscription required (help)).
  13. ↑ The American Highway: The History and Culture of Roads in the United States. Retrieved 2015-01-13.
  14. ↑ "Company Overview of Afton Chemical Corporation". Bloomberg Businessweek. Retrieved 2012-12-17.
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