Afton Chemical start manufacturing facility in Singapore

Afton Chemical to start manufacturing facility in Singapore

10:32 AM, 19th July 2012
Afton Chemical to start manufacturing facility in Singapore

RICHMOND, US: Afton Chemical Corporation announced the construction of a new chemical additive manufacturing facility on Jurong Island, Singapore. The multi-year investment, approved by the NewMarket Board on 17 July 2012, will be fully owned and operated by Afton, emphasizing the company’s strong commitment to the expanding Asia-Pacific market. Singapore was selected after an extensive analysis which focused on facility readiness and flexibility, market access, economics, safety, and logistics. Groundbreaking for the plant is scheduled for the third quarter, 2013, and it’s expected to be operational by mid-2015.

“This represents an investment that is likely to exceed in excess of $100 million for Afton Chemical, and another strong commitment by our Board to this key market. We have established a significant presence through acquisitions and investments, and with the new facility on Jurong Island, we will continue to bring our company’s ‘Passion for Solutions’ to the Asia-Pacific region. 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. And in turn, that will help our customers improve the profitability of their businesses,” said Dr Warren Huang, President, Afton.

© WOC News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Styrolution opens Luran S plant in South Korea

SEOUL, SOUTH KOREA: Styrolution, the global leader in styrenics, announced the inauguration of its Luran S plant located in Ulsan, South Korea. Luran ...

Read more
DSM acquires Ocean Nutrition Canada for $534 million

HEERLEN, THE NETHERLANDS: Royal DSM has successfully completed the acquisition of Ocean Nutrition Canada, the leading global provider of fish-oil deri ...

Read more
BASF’s next generation fungicide gets EU approval

LIMBURGERHOF, GERMANY: BASF’s next generation fungicide, Xemium, has been approved in the EU for use in crop protection products. This builds on ...

Read more
Kao to expand fatty alcohols capacity in Philippines

TOKYO, JAPAN: Kao Corporation will enhance production capacity for fatty alcohols at Pilipinas Kao Incorporated (PKI) to approximately 1.4 times of cu ...

Read more
Olin acquires KA Steel for $328 million

CLAYTON, US: Chemical and ammunition maker Olin Corp struck a deal to buy privately held KA Steel Chemicals Inc for $328 million in cash as it shifts ...

Read more
Solvay starts production at specialty polymers compounding plant in China

BRUSSELS, BELGIUM: Solvay’s specialty polymers compounding plant located in Changshu, province of Jiangsu in China, has started to serve the loc ...

Read more