Monday, August 5, 2013   VOLUME 9 ISSUE 30  
FREE SUBSCRIPTION!
Back to the Newsletter
News Sponsored by Neste Base Oils
 News Sponsored by Neste Base Oils
News Sponsored by Chevron Base Oils
 News Sponsored by Chevron Base Oils
News Sponsored by ACI Europe
 News Sponsored by ACI Europe
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Subscribe, Unsubscribe or Change Your Options
Click Here to Subscribe, Unsubscribe or Change Your Options
Afton Chemical Continues Strong Performance

Afton Chemical continued its strong performance in the second quarter of this year with operating profit of $97.8 million, an improvement over second quarter operating profit last year of $96.9 million. Sales of petroleum additives for this year’s second quarter were $581.3 million compared to sales for the same period last year of $584.2 million, with shipments up one percent.

For the first half of this year, operating profit was $199.8 million compared to operating profit for the same period last year of $204.1 million. Sales for the first half of this year were $1,139.7 million compared to sales in the first half of last year of $1,141.9 million, while shipments were essentially flat period to period.

Aton Chemical's parent NewMarket Corporation's net income for the second quarter of 2013 improved to $64.0 million compared to net income of $55.3 million for the second quarter of 2012. For the first half of 2013, net income increased to $131.8 million compared to net income of $121.8 million for the first half of last year.

"We are pleased with the performance of our business for the first half of this year and we are proud of our team’s efforts. Sales volume was softer than expected due to a slower than expected economic recovery in our customers’ markets. We continue to make investments in research, development and facilities to support our customers around the world. We believe the fundamentals of how we run our business — a long-term view, safety-first culture, customer-focused solutions, technology-driven product offerings, world-class supply chain capability and a regional organizational structure to better understand our customers’ needs — continue to pay dividends to all of our stakeholders" stated President and Chief Executive Officer, Thomas E. Gottwald.


[PRINTER FRIENDLY VERSION]
News Sponsored by Inolex
 News Sponsored by Inolex
Reference Center

Global Lube Base Oil Specifications

API Group I
API Group II
API Group III
API Group IV
API Group V

Archive
July 29, 2013
July 22, 2013
July 15, 2013

[MORE]
Classifieds

Interested in posting a job position within your company to a targeted audience?


Circulation Audited by BPA Worldwide 

Please send all comments and correspondence to lubritec@aol.com.

Published by Lubrication Technologies, Inc.
Copyright © 2013 Lubrication Technologies, Inc.. All rights reserved.
FORWARD TO A COLLEAGUE
Privacy Policy
Powered by IMN