Quaker Chemical Corporation
 | |
| Public | |
| Traded as | NYSE: KWR |
| Industry | Chemicals |
| Founded | 1918 |
| Headquarters | Conshohocken, Pennsylvania, United States |
Number of locations | 19 countries and 29 locations |
Area served | Worldwide |
Key people | Michael F. Barry, Chairman of the Board, CEO and President |
| Products | Metalworking process chemicals, coatings and Other chemical products |
Number of employees | 1,711 |
| Website | www.quakerchem.com |
Quaker Chemical Corporation (Quaker) is an American chemical company that was founded in 1918. It is headquartered in Conshohocken, Pennsylvania. Approximately 60% of the company's sales are conducted internationally, with a global presence in 19 countries and 29 locations worldwide. [1]
Products
Among various other chemical products, it produces hydraulic fluids and chemicals for metalworking and coating, with a corporate slogan declaring "It's what's inside that counts."
They produce fluids and maskant coatings to support a variety of metal stocks and machining processes, as well as ALUSHIELD and QUAKEROL Hot and cold Rolling Oils, and QUINTOLUBRIC Fire-Resistant Hydraulic Fluids.[2] Other Quaker Chemical products include:
- Can Manufacturing: Aluminum and steel can cleaners and coolants, as well as QUAKEROL necking lubricants, tab lubricants and cupping lubricants [3]
- Die Casting: DIE SLICK die lubricants, plunger lubricants, cleaners, corrosion preventives, metal removal fluids, hydraulic fluids, robotic greases and release agents
- Primary Metals and Aluminum: QUAKERCLEAN cleaners, pickle oils, QWERL temper fluids, QUAKEROL and TINNOL cold rolling oils, PRIMECOAT surface treatments, greases, corrosion preventives and more
- Automotive, Aerospace and General Manufacturing: QUAKERTEK greases, QUAKERCOOL and QUAKERAL coolants, cleaners and QUAKERDRAW metal forming fluids
- Bearings: QUAKERCUT cutting, honing & lapping oils, cleaners, QUINTOPLEX AND QUAKERTEK greases, hydraulic fluids and metal removal fluids
- Pit and Quarry: DUSTGRIP dust suppressants, greases and hydraulic fluids for crushers, conveyor systems, rail cars, stockpiles and haul roads [4]
- Mining: MINETECH industrial lubricants, DUSTGRIP dust suppressants, QUINTOLUBRIC hydraulic and longwall fluids and industrial lubricants
- Tube and Pipe: QUAKERCOAT specialty coatings, drawing & pilger lubricants, fire-resistant QUINTOLUBRIC hydraulic fluids, FERROCOTE and DRYCOTE corrosion preventives, greases, hot rolling oils and forming, sizing, threading & cutting fluids
History
On November 11, 1918, Quaker Chemical Corporation was founded as QUAKER OIL PRODUCTS CORPORATION. Its business consisted of the manufacture and sale of oil products, chiefly for lubrication and for the textile industry.
On October 20, 1930, Quaker reorganized and changed its name to QUAKER CHEMICAL PRODUCTS CORPORATION. The Company incorporated in the Commonwealth of Pennsylvania. During this time, Quaker expanded its scope with products for the metalworking industry. In 1947, Quaker entered into the steel market.
In August 1962, QUAKER CHEMICAL PRODUCTS CORPORATION changed its name to QUAKER CHEMICAL CORPORATION to better suit the scope of its activities, which include process engineering and services, as well as the development, manufacture and sale of industrial specialty chemical products. What followed was the beginning of multiple company acquisitions.
At the beginning of the 1960s, Quaker established its first European subsidiary in the Netherlands. Quaker Chemical B.V. in Uithoorn manufactures and markets Quaker products to industries in the EEC. In 1964, Quaker expanded into Europe and formed a U.K. subsidiary Quaker Chemical Limited. Quaker also entered into a joint venture in Australia, Quaker Chemical (Australasia) Pty. Limited. In 1967, Quaker entered into a joint venture in Japan, Nippon Quaker Chemical, Ltd. Finally, 1968 saw Quaker enter into a Joint venture in Mexico, TecniQuimia Mexicana S.A. de C.V.
On May 3, 1972, Quaker completed its Initial Public Offering (IPO) making shares in the Company available to the public for the first time. The Mid-1970s saw the launch of the innovative QUINTOLUBRIC® polyol ester line of fluids. In June 1978, Quaker made its first major U.S. acquisition - Selby, Battersby & Co., a manufacturer of flooring systems for industrial, commercial and institutional buildings, and marine decking materials.
In 1987, Quaker enters the aerospace coating market with acquisition of AC Products, Inc. in California.
The 1990s saw Quaker expand into markets in France, China and Brazil and celebrate two milestones. First, in 1993, Quaker celebrated 75 years in business. The second saw Quaker file an application to list its common shares for trading on the New York Stock Exchange (“NYSE”) under the ticker symbol KWR..[5] First NYSE trade occurs on August 23, 1996 for 100 shares. The decade was capped off with Quaker entering into a joint venture in India, Quaker Chemical India Limited.
On April 29, 2002, Quaker’s new corporate worldwide headquarters opened in Conshohocken, Pennsylvania - USA.
In 2002, Quaker acquired multiple assets including Quima International, LLC (forming Q2 Technologies, LLC), Epmar Corporation and Quaker Chemical South Africa (Pty) Ltd. Throughout the first decade of the new millennium, Quaker continued with additional strategic acquisitions.
In 2010, Quaker entered the motorsports world by forming a partnership with the Sarah Fisher Hartman Racing (“SFHR”) team to develop new greases for IndyCar. In September 2012, Quaker debuted its new integrated marketing campaign “It’s what’s inside that counts” encompassing an updated brand identity, logo and tagline. The following year, Quaker launched a new website. In April 2014, Quaker launches CoolanTool™, a mobile application that facilitates the monitoring processes of metalworking fluids and organization of the data results in a number of ways.
From 2010 to the present, Quaker has continued its organic growth as well as made many global acquisitions including companies in the hot rolling business, specialty greases, surface treatments and die casting lubricants.
Subsidiaries
Quaker's subsidiaries include Summit Lubricants, AC Products Inc., Epmar, G.W. Smith and Sons, Tecniquimia Mexicana (Mexico), NP Coil Dexter (Italy), Q2Technologies, Kelko Quaker Chemical SA (Venezuela) and most recently ECLI Products, LLC. [6]
Operating Locations
Quaker has multiple operating locations in the Asia/Pacific region including Quaker Chemical (China) Co., Ltd. (Asia/Pacific Headquarters), Quaker Chemical (Australasia) Pty. Limited, Quaker Chemical India Limited, Nippon Quaker Chemical, LTD (Japan) and Quaker (Thailand) Ltd.
Quaker also has a significant presence in the Europe, Middle East and Africa region including Quaker Chemical B.V. (EMEA Headquarters, Netherlands), Quaker Chemical Limited (England), Quaker Chemical S.A. (France and Spain), Npcoil Dexter Industries S.r.l and Quaker Italia S.r.l, Moscow Representative Office of Quaker Chemical B.V. and two Quaker Chemical South Africa (Pty.) locations.
Quaker’s locations in North America include AC Products Inc. and Epmar Corporation (California), Quaker Chemical Corporation (Bingham Farms and Detroit Plants), Summit Lubricants Inc. (New York), G.W. Smith & Sons Inc. (Ohio), Quaker Chemical Corporation (Middletown, Ohio Plant), Q2 Technologies, LLC (Texas), H.L. Blachford Ltd. (Licensee, Canada), TecniQuimia Mexicana S.A de C.V. (Mexico) and the Corporate Headquarters in Conshohocken, PA.
Quaker also has operating locations in South America including Quaker Chemical S.A. (Argentina), Kelko Quaker Chemical, S.A. (Venezuela) and Quaker Chemical Indústria e Comércio Ltda, the South American Headquarters, located in Brazil.
Motorsports
Quaker is an official sponsor and technical partner of Sarah Fisher Hartman Racing. The partnership was formed to develop new greases that would reduce mechanical loss of energy and extend the life of the bearings. The brand has been involved in IndyCar racing since 2011. The driver of the SFHR No. 67 car is 22-year-old Josef Newgarden, the Firestone Indy Lights Series 2011 Champion.
Mobile App - CoolanTool
In 2014, Quaker Chemical released a mobile application called CoolanTool. The app provides a simple tool to monitor metalworking cutting fluids. Additionally, it allows to user to register CNC machines and keep track of coolant concentration and pH values displayed in graphs.
Advertising
It's What's Inside That Counts is the tagline of Quaker Chemical Corporation.[7] The logo was updated along with the tagline to depict fluid inside of a piece of manufacturing equipment. The logo and tagline has been used on most products and materials since the company rebranded itself in September 2012. The Quaker logo and color scheme is readily seen on the company's drum barrel.
References
- ↑ "Quaker Chemical Corp (KWR)". Reuters.com. Retrieved 20 February 2014.
- ↑ "Hydraulic Fluids". Quaker Chemical Corporation. Retrieved 12 December 2014.
- ↑ "Can Making Industry Overview" (PDF). Quaker Chemical Corporation. Retrieved 12 December 2014.
- ↑ "Pit and Quarry Industry Overview" (PDF). Retrieved 12 December 2014.
- ↑ "KWR:US Bloomberg Profile". Bloomberg L.P. Retrieved 20 February 2014.
- ↑ "Quaker Acquires ECLI Products, LLC Specialty Grease Business". quakerchem.com. Retrieved 23 September 2014.
- ↑ "Quaker Corporate Insert" (PDF). quakerchem.com. Retrieved 4 February 2014.