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.

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