NEWMARKET CORP
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Item 2. Properties
Our principal operating properties are shown below. Unless indicated, we own the research, development, and testing facilities, as well as the manufacturing and distribution properties, which primarily support the petroleum additives business segment.
| Research, Development, and Testing | Richmond, VirginiaBracknell, EnglandTsukuba, JapanAshland, VirginiaSuzhou, China |
|---|---|
| Manufacturing and Distribution | Feluy, Belgium (lubricant additives; also storage and distribution)Houston, Texas (lubricant and fuel additives; also storage and distribution)Jurong Island, Singapore (lubricant and fuel additives; leased land)Port Arthur, Texas (lubricant additives)Rio de Janeiro, Brazil (lubricant and fuel additives storage and distribution; equipment is owned; building is leased)San Juan del Rio, Mexico (lubricant additives)Sauget, Illinois (lubricant additives)Suzhou, China (storage and distribution) |
We own our corporate headquarters located in Richmond, Virginia, and generally lease our regional and sales offices in a number of locations worldwide.
NewMarket Development manages the real property we own in Richmond, Virginia consisting of approximately 50 acres. Our corporate offices are included in this acreage, as well as a research and testing facility and several acres dedicated to other uses. We are exploring various development opportunities for portions of the property as the demand warrants. This effort is ongoing in nature.
Production Capacity
We believe our plants and supply agreements are sufficient to meet expected sales levels. Operating rates of the plants vary with product mix and normal sales swings. We believe that our facilities are well maintained and in good operating condition.
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