Singapore: Petroleum Additives Afton Chemical to Start Production in Jurong Island
Global petroleum additive specialist Afton Chemical has opened its new production plant in Jurong Island, Singapore. The facility will now commence production of key components that are used in Afton Chemical’s engine oil additives to meet rising regional and global demand.
Singapore – The opening of the plant represents a new phase of Afton Chemical’s ongoing expansion into Asia Pacific, and is central to the company’s plans to ensure that its specialist additive products are “Made in Asia for Asia”. The organization already manages a number of other facilities across the region, including Technology Centers, in Suzhou, China and in Tsukuba Japan. It’s “Made for Asia” strategy ensures that the products and services it offers are developed on the basis of regional insights.
“This new production facility serves as a real vote of confidence in Singapore, a country with a robust infrastructure and a well-established position as a petrochemicals and supply hub. This plant will further strengthen our global supply network, and help us and our customers to capitalize on the continuing migration of upstream capacities into the region,” said Teddy Gottwald, President and CEO of New Market Corporation, the parent company of Afton Chemical.
“Afton Chemical Corporation’s decision on Singapore as its principle additive manufacturing site in Asia attests to Singapore’s attractiveness as a location for companies looking to capture growth opportunities in this region and it reinforces Singapore’s position as the leading specialty chemicals hub in Asia,” said Cindy Koh, Director, Energy and Chemicals, Singapore Economic Development Board. “We look forward to writing their Asia growth story together.”
The plant also has full capability to produce all of the engine oil additives needed for Asia region and is scalable to allow Afton Chemical to grow as demand warrants. In the longer term, additional units, such as specialty dispersants, may be added to produce other petroleum additive products in line with market and customer needs.