The new Sinapore facility will leave Afton in a prime position to service expanding markets.
Afton expands in Singapore Image: Afton Chemical |
US-headquartered Afton Chemical Corporation has received approval to begin the second phase of its chemical additive manufacturing facility in Singapore, which will allow it to target the lucrative Chinese and Middle Eastern markets.
The first phase is slated for completion at the end of 2015 and the additional S$400m investment will fund the second phase, scheduled to be completed in 2017. Afton is incorporating a new R&D centre into the facility, allowing it to offer bespoke lubricants solutions to its customers in the Asia Pacific region.
Afton also owns a regional cacility in Suzhou, China, to cater to local customers, as well other technical and commercial centres in Tokyo, Beijing, Guangzhou, Seoul, Sydney, Bangkok and Ho Chi Minh City.
Upon completion, the new plant will produce engine oil additives for the Asia Pacific region in a scalable fashion. The offering will eventually include speciality dispersants and other petroluem additive products.