NewMarket

NewMarket Corporation is a publicly traded holding company based in Richmond, Virginia, with a history that dates back to 1887. Originally founded as the Albemarle Paper Manufacturing Company, it has since transformed into a leader in the petroleum additives industry through its subsidiary, Afton Chemical Corporation. Afton Chemical focuses on developing, manufacturing, and selling performance additives for fuels and lubricants. The company provides strategic guidance and resources to its subsidiaries, allowing them to effectively meet local market demands. NewMarket's core offerings include a wide range of petroleum additives such as engine oil additives, transmission fluids, fuel additives, and metalworking additives. These products enhance engine performance, improve fuel efficiency, and support environmental standards in the automotive and industrial sectors. NewMarket serves a diverse global customer base, including major oil companies and independent lubricant manufacturers. With a market capitalization of approximately $7.78 billion and revenues around $2.79 billion, NewMarket Corporation emphasizes innovation and operational excellence, ensuring value for its customers and shareholders.