24 | theceomagazine.com
FOCUSING ON INVESTMENTS IN PEOPLE, TECHNOLOGY, AND
PRODUCTION CAPACITY, AFTON CHEMICAL ASIA PROVIDES
UNIQUE SOLUTIONS FOR THE FUEL AND LUBRICANT MARKET.
VICE PRESIDENT AND MANAGING DIRECTOR SEAN SPENCER
REVEALS WHAT IT TAKES TO POWER THE FASTEST-GROWING
AUTOMOTIVE MARKET IN THE WORLD.
WORDS HOLLY JOHNSON • IMAGES YEW KWANG
A
ccounting for almost 60 per cent
of the global population, with
countries leading the industrial
and technological revolution,
Asia–Pacific is the world’s largest
and fastest-growing market
across a range of industries. Rapid population
growth continues to directly impact the
passenger car and commercial vehicle market,
with manufacturers, suppliers and distributors
racing to keep up. One such company is Afton
Chemical Asia, a subsidiary of Afton Chemical
Corporation, which develops and manufactures
petroleum additives that help fuels burn cleaner,Good leaders
are focused
on the BIG
PICTURE.
engines run smoother, and machines last longer.
Present in Asia–Pacific since 2008, the
company now has regional offices in China,
Korea, Australia and Japan, Chemical Additive
manufacturing facilities in Singapore and Suzhou,
as well as R&D testing facilities in Tsukuba,
Japan, and Suzhou, China. “The Asia–Pacific
region is the world’s largest-growing market for
fuels and lubricant additives, driven by the fastest
growth in passenger car and commercial vehicle
volumes,” says Afton Chemical Asia Vice President
and Managing Director Sean Spencer.
“Our core focus is China, where the
passenger car market has grown by more than
20 million new vehicles each year since 2015. »INSPIRE | Interview