NewMarket Corporation is a publicly traded (NYSE

, company that primarily serves the petroleum additives industry. The company is based in

Richmond Richmond most often refers to: * Richmond, Virginia, the capital of Virginia, United States * Richmond, London, a part of London * Richmond, North Yorkshire, a town in England * Richmond, British Columbia, a city in Canada * Richmond, California, ...

, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887. NewMarket Corporation employs more than 2,100 employees across its global operations, with an annual revenue of more than $2 billion. The primary business of the company and its subsidiaries is the development, manufacturing, blending and global marketing of fuel and oil additives.

Businesses

NewMarket Corporation produces lubricant and fuel additives through two subsidiaries: Afton Chemical Corporation and

Ethyl Corporation Ethyl Corporation is a fuel additive company headquartered in Richmond, Virginia, in the United States. The company is a distributor of fuel additives. Among other products, Ethyl Corporation distributes tetraethyl lead, an additive used to make ...

. Two additional subsidiaries, NewMarket Services Corporation and NewMarket Development Corporation, primarily provide operational support. Afton Chemical Corporation Afton Chemical Corporation produces fuel additives and lubricant additives. The company also produces driveline additives and a variety of industrial additives, such as hydraulic lubricants and metalworking fluid components. Afton Chemical has manufacturing locations throughout the United States, as well as in

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England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

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Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

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and

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

The company also has regional offices in North America, Latin America, Asia Pacific, Europe, India and the Middle East and a R&D technical center for vehicle-based research in Ashland, Virginia. Gina Harm is the president of Afton Chemical. Ethyl Corporation Ethyl provides contract manufacturing services to Afton and to third parties and is a marketer of tetraethyl lead in North America. The company was founded in 1924 after Charles Kettering and a team of scientists discovered an anti-knocking agent for vehicle engines in 1921. Ethyl Corporation is based in Richmond, Virginia, and has a manufacturing plant in Houston, Texas. John Street is the president of Ethyl Corporation. NewMarket Services Corporation NewMarket Services Corporation provides administrative services to NewMarket Corporation and its subsidiaries. NewMarket Development Corporation New Market Development Corporation manages the approximately 57-acre property that NewMarket Corporation owns in Richmond, Virginia.

History

NewMarket Corporation was founded in 1887 as the Albemarle Paper Manufacturing Company. In 1964, Albemarle Paper Manufacturing Company acquired Ethyl Corporation, a company started in 1924 by

Charles Kettering Charles Franklin Kettering (August 29, 1876 – November 25, 1958) sometimes known as Charles Fredrick Kettering was an American inventor, engineer, businessman, and the holder of 186 patents. For the list of patents issued to Kettering, see, Le ...

following the development of

Tetraethyllead Tetraethyllead (commonly styled tetraethyl lead), abbreviated TEL, is an organolead compound with the formula Pb( C2H5)4. It is a fuel additive, first being mixed with gasoline beginning in the 1920s as a patented octane rating booster that al ...

, an anti-knocking agent for gasoline engines in passenger vehicles. Ethyl Corporation acquired Edwin Cooper, Inc., a supplier of oil and lubricant additives, in 1975. The acquisitions continued with U.S.-based Amoco Petroleum Additives and Japan-based Nippon Cooper in 1992, and Texaco Additives Company in 1996. NewMarket Corporation was incorporated in 2004 and renamed its Ethyl Petroleum Additives, Inc. subsidiary as Afton Chemical Corporation. Afton acquired GE Water & Process Technologies’ fuel additives business in 2008 and acquired metalworking additives producer Polartech in 2010.

External links

NewMarket.com

Aftonchemical.com

Ethyl.com

Company's LinkedIn profile

Bloomberg Businessweek Company Profile

References

{{Authority control Companies listed on the New York Stock Exchange Chemical companies of the United States Companies based in Richmond, Virginia American companies established in 1887 Chemical companies established in 1887