NewMarket Corporation through its subsidiaries engages in the petroleum additives business The company offers lubricant additives for use in various vehicle and industrial applications including engine oils transmission fluids offroad powertrain and hydraulic systems gear oils hydraulic oils turbine oils and other applications where metaltometal moving parts are utilized engine oil additives designed for passenger cars motorcycles on and offroad heavy duty commercial equipment locomotives and engines in oceangoing vessels driveline additives designed for products such as transmission fluids axle fluids and offroad powertrain fluids and industrial additives designed for products for industrial applications consisting of hydraulic fluids grease industrial gear fluids and industrial specialty applications such as turbine oils It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline diesel biofuels and other fuels to industry government original equipment manufacturers and individual customers In addition the company engages in the antiknock compounds business as well as contracted manufacturing and services activities and owns and manages a real property in Virginia It operates in North America Latin America the Asia Pacific Europe the Middle East Africa and India NewMarket Corporation was founded in 1887 and is headquartered in Richmond Virginia