NewMarket Corporation (NYSE: NEU) is a leading global supplier of petroleum additives and other chemical products to tackle various challenges across a wide array of industrial applications. Its two primary businesses, Afton Chemical Corporation and Ethyl Corporation, drive the company's core vision of providing solutions with purpose and delivering products that make a sustained impact across various industrial sectors.
Afton Chemical Corporation, one of the biggest arms of NewMarket Corp, specializes in manufacturing and marketing fuel and lubricant additives, a critical component of modern transportation and industrial machinery. The products range from driveline additives, engine oil additives, industrial additives, to fuel additives. Afton Chemical has a strategic global presence, with manufacturing plants, R&D facilities across North America, Europe, and Asia to cater to the ever-growing demand for additives in these regions.
On the other hand, Ethyl Corporation, another subsidiary, is primarily involved in production and supply of tetraethyl lead (TEL), a petroleum additive used in aviation fuel for piston-engine aircraft, and a suite of other specialized services for customers worldwide.
Established in 1887 and headquartered in Richmond, Virginia, NEU has a wealth of more than 130 years of experience in developing cutting-edge chemical products. Over this period, the company has amassed a reputation for consistently providing high-quality, performance-effective products and services to its customers, ensuring its competitive edge in the global additives market.
The company has shown resilience even in the face of evolving market dynamics by consistently investing in research and development which allows it to innovate and adapt to the changing market needs. Sustainability is a big part of NewMarket’s strategy, with the company taking extensive steps to minimize its environmental footprint while maintaining high performance and quality.
NewMarket Corporation is publicly traded on the New York Stock Exchange under the ticker symbol "NEU". The company has shown consistent performance on the stock market, reflecting its stability and strong market position. Enlisted amongst the Fortune 500 companies, NewMarket has also proven itself as an attractive proposition for investors as it regularly pays out dividends.
Overall, NewMarket Corporation is a formidable presence in the global petroleum additives market, with a heritage of innovation, consistency, and dedication to providing effective industry solutions.