NewMarket Corp

#2971

Rank

$5.61B

Marketcap

United States

Country

Leadership team

Mr. Brian D. Paliotti (VP & CFO)

Mr. Bruce R. Hazelgrove III (Exec. VP & Chief Admin. Officer)

Mr. Thomas E. Gottwald (Chairman, Pres & CEO)

Products/ Services

Chemical, Finance, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Richmond, Virginia, United States

Established

1887

Company Registration

SEC CIK number: 0001282637

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

NEU

Social Media

URL

https://www.newmarket.com

Overview

Location

Recognition and Award

References

Summary

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils. It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers. In addition, the company engages in the antiknock compounds business, as well as contracted manufacturing and services activities; and owns and manages a real property in Virginia. It operates in North America, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and India. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.

History

NewMarket Corporation was founded in 1887 as the Albemarle Paper Manufacturing Company. In 1964, Albemarle Paper Manufacturing Company acquired Ethyl Corporation, a company started in 1924 by Charles Kettering following the development of Tetraethyllead, an anti-knocking agent for gasoline engines in passenger vehicles.Ethyl Corporation acquired Edwin Cooper, Inc., a supplier of oil and lubricant additives, in 1975. The acquisitions continued with U.S.-based Amoco Petroleum Additives and Japan-based Nippon Cooper in 1992, and Texaco Additives Company in 1996.NewMarket Corporation was incorporated in 2004 and renamed its Ethyl Petroleum Additives, Inc. subsidiary as Afton Chemical Corporation. Afton acquired GE Water & Process Technologies’ fuel additives business in 2008 and acquired metalworking additives producer Polartech in 2010.

Mission

Our mission is to empower our customers with the highest quality products, services, and solutions available in the market to enable them to maximize their success.

Vision

Our vision is to create an environment where our customers, employees, and partners all find value in being part of the NewMarket Corporation family.

Key Team

Mr. Bryce Dickinson Jewett III (VP & Gen. Counsel)

Ms. Regina Anne Harm (Pres of Afton Chemical Corp.)

Mr. William J. Skrobacz (Principal Accounting Officer & Controller)

Mr. Cameron D. Warner Jr. (Treasurer)

Ms. Anne-Marie Anderson (Corp. Sec.)

Recognition and Awards

NewMarket Corporation has won numerous awards over the years, including the National Business Excellence Award for Innovation in the Energy Industry, The Excellence in Leadership Award from the National Association of Independent Business, The Energy Professional Award from the National Association of Professional Women, and The Outstanding Contribution to the Global Economy Award from the World Trade Organization.