Afton Chemical Announces Detergent Capacity Expansion
Friday July 28, 8:00 am ET
RICHMOND, Va.--(BUSINESS WIRE)--July 28, 2006--Afton Chemical Corporation has announced the completion of the first phase of a two-part expansion for detergent production. The second phase is expected to be completed in 1st quarter of 2007.
"When complete these two de-bottlenecking efforts will increase our detergent capacity by 20% to help support the growing demand of our existing customers", said Jon Rock, Afton's Vice President of Lubricant Additives. Detergents are used in a variety of lubricant additives produced by Afton; however, the focus of the expansion is engine oil additives.
"Although the market remains tight, we are committed to supporting and growing with our current customers", said Warren Huang, Afton's President. Afton plants will continue to have high utilization rates as the additional capacity will be largely consumed with 2007's forecasted business.
Afton Chemical Corporation is a wholly owned subsidiary of NewMarket Corporation. Afton Chemical develops and manufactures petroleum additives that enhance the performance of lubricating oils and fuels to enhance their performance in machinery, vehicles, and other equipment. From custom-formulated chemical blends to market-general additive components, Afton Chemical technology helps fuels burn cleaner, engines run smoother, and machines last longer.
Source: Afton Chemical Corporation
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