Afton Chemical build new manufacturing unit in Singapore

Afton Chemical to build new manufacturing unit in Singapore

9:42 AM, 3rd August 2012
Afton Chemical to build new manufacturing unit in Singapore
Afton Chemicals headquarters in US. (C) Businesswire

RICHMOND, US: Afton Chemical Corporation will construct a new chemical additive manufacturing facility on Jurong Island, Singapore. The multi-year investment, approved by the NewMarket board on July 17th, will be fully owned and operated by Afton. Groundbreaking for the plant is scheduled for the third quarter of 2013 and is expected to be operational by mid-2015. The new facility will enhance Afton’s ability to provide quick and effective service to Asia-Pacific customers as well as those in India and the Middle East.

“This represents an investment that is likely to exceed in excess of $100 million for Afton Chemical. We have established a significant presence through acquisitions and investments and with the new facility on Jurong Island, we will continue to bring our solutions to the Asia-Pacific region,” said Dr Warren Huang, President, Afton.

The initial capacity will represent a modest increase in our overall global production. The plant will be scalable for Afton to grow as demand warrants. “This strong combination of R&D and manufacturing in the region, will not only improve security of supply and reduce lead-times, but also help us to develop cost-effective, customized solutions for the region,” added Dr Huang.

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