Quaker Houghton Breaks Ground on New Manufacturing Facility in China

Rhea-AI Summary

Quaker Houghton (NYSE: KWR), a global leader in industrial process fluids, has begun construction on a new manufacturing facility in Zhangjiagang, China. This state-of-the-art facility aims to enhance the company's production capabilities in the Asia-Pacific region, with operations expected to commence in Q2 2026.

Jeff Fleck, Chief Supply Chain Officer, emphasized the importance of this facility in solidifying Quaker Houghton's global supply chain. Chief Commercial Officer Joseph Berquist highlighted the strategic investment as a response to the growing demand in key industrial sectors like steel, aluminum, automotive, and wind power.

Positive

• Expansion of production capabilities in the Asia-Pacific region.
• New facility operational by Q2 2026.
• Strategic investment to meet growing customer demand in China and Asia-Pacific.
• Reinforcement of Quaker Houghton's global supply chain.

Negative

• None.

CONSHOHOCKEN, Pa., July 11, 2024 /PRNewswire/ -- Quaker Houghton ("the Company"; NYSE: KWR), a global leader in industrial process fluids, today celebrated breaking ground on its new state-of-the-art manufacturing facility in Zhangjiagang, China.  The new facility will expand the Company's production capabilities to support the growth of its customers and the Company in the Asia-Pacific region.  The Zhangjiagang, China facility, which combines industry-leading technology with Quaker Houghton's long history of manufacturing excellence and safety, is expected to be operational by the second quarter of 2026.

"We are thrilled to break ground on our new manufacturing facility in Zhangjiagang, China and we really appreciate the support and partnership with the Zhangjiagang Municipal Government," said Jeff Fleck, Chief Supply Chain Officer at Quaker Houghton.  "This facility will be a critical part of our global supply chain, reinforcing our position as a market leader in industrial process fluids."

Joseph Berquist, Chief Commercial Officer at Quaker Houghton, adds: "We have built a strong presence in China and across Asia Pacific in support of key industrial sectors such as steel, aluminum, automotive, beverage can, mining, and wind power.  This strategic investment further underscores our commitment to meet the growing demands of our customers in China and throughout the Asia-Pacific region. We are excited about the positive contributions we are making to support the strong economic growth and development in the region."

About Quaker Houghton
Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, our customers include thousands of the world's most advanced and specialized steel, aluminum, automotive, aerospace, offshore, container, mining, and metalworking companies. Our high-performing, innovative and sustainable solutions are backed by best-in-class technology, deep process knowledge and customized services. With approximately 4,400 employees, including chemists, engineers and industry experts, we partner with our customers to improve their operations so they can run even more efficiently, even more effectively, whatever comes next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near Philadelphia in the United States. Visit quakerhoughton.com to learn more.

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SOURCE Quaker Houghton

FAQ

What is Quaker Houghton's new facility in China?

Quaker Houghton is building a state-of-the-art manufacturing facility in Zhangjiagang, China to expand its production capabilities in the Asia-Pacific region.

When will Quaker Houghton's new Zhangjiagang facility be operational?

The new Zhangjiagang facility is expected to be operational by the second quarter of 2026.

Why is Quaker Houghton investing in a new manufacturing facility in China?

Quaker Houghton is investing in the new facility to meet the growing demands of its customers in key industrial sectors in China and the Asia-Pacific region.

How will the new facility impact Quaker Houghton's supply chain?

The new Zhangjiagang facility will reinforce Quaker Houghton's global supply chain, strengthening its position as a market leader in industrial process fluids.