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Stock Market & Financial Investment News

News Breaks
March 7, 2013
05:55 EDTNEU, NEUNewMarket management to meet with Sterne Agee
Meeting to be held in New York on March 14 hosted by Sterne Agee.
News For NEU From The Last 14 Days
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August 19, 2015
09:04 EDTNEUNewMarket approves Afton construction of second phase of chemical plant
Afton Chemical has received approval from the NewMarket Corporation board to begin construction of the new second phase of its chemical additive manufacturing facility on Jurong Island, Singapore. The construction of the first phase is scheduled to be completed by year end 2015. The second phase, which includes the construction of additional component production units will more than double Afton's investment in Jurong Island for a total of approximately S$400M. This new phase is scheduled to be completed in 2017. Upon completion of this investment, Afton will own and operate regional manufacturing in Suzhou, China and Jurong Island, Singapore. In addition, Afton has technical centers in Tsukuba, Japan and Suzhou, China and commercial offices in Tokyo, Japan; Beijing, China; Guangzhou, China; Seoul, South Korea; Sydney, Australia; Bangkok, Thailand; and Ho Chi Minh City, Vietnam. Afton maintains its regional headquarters in Singapore. After the completion of these two phases, the plant will have full capability to produce all of the engine oil additives we need for the APAC region and will be scalable to allow Afton to grow as demand warrants. Longer term, additional units, such as specialty dispersants, may be added to produce other petroleum additive products in line with market and our customer's needs.

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