Issue Date: July 23, 2012
Afton Plans Additives Facility For Singapore
Afton Chemical will spend in excess of $100 million to build a fuel and lubricant additives plant on Singapore’s Jurong Island. Afton, a unit of NewMarket Corp., expects to break ground on the plant in the third quarter of 2013 and complete it by mid-2015. Earlier this year, Afton competitor Infineum said it will build a plant for the lubricant additive calcium salicylate in Singapore by the end of 2013.
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