NEU · CIK 1282637
What NewMarket Corporation told the SEC could break it.
NewMarket's disclosures center on the raw materials behind its products and how it can source and export them. Its Afton petroleum-additives business depends on petrochemical-derived inputs — base oil, polyisobutylene, olefins and others — whose cost and availability it cannot assure passing through to customers. For some highly specialized materials it sources from a single supplier, cushioning with safety stock or qualifying alternates, so a supply disruption could still impair its ability to meet demand. On top of that, parts of its specialty-materials segment — including AMPAC's ammonium perchlorate and solid-rocket-motor inputs — fall under ITAR, requiring case-by-case U.S. export licenses for international sales.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- ITAR export controlsmedium
Portions of NewMarket's specialty materials segment (AMPAC ammonium perchlorate / solid rocket motor inputs) are subject to ITAR; international sales require case-by-case U.S. export licenses.
“Certain portions of our specialty materials segment are subject to the International Traffic in Arms Regulations, a set of U.S. government regulations that controls the export of defense and military technologies, and its international sales require export licenses on a case-by-case basis.”
SEC filing →As of 2026
Sole-source dependency
- single-source raw material suppliersmedium
For some highly specialized raw materials NewMarket sources from a single supplier, mitigating with safety stock or qualifying alternates; a supply disruption could impair raw-material availability.
“In addition, in some cases, we choose to source from a single supplier. Any significant disruption in supply, for any reason, could adversely affect our ability to obtain raw materials, which in turn could adversely affect our ability to ensure continued supply for our customers and to meet customer demand.”
SEC filing →As of 2026
Commodity & input dependence
- base oil and petrochemical raw materialslow
Afton petroleum-additives production depends on base oil, polyisobutylene, olefins and other petrochemical-derived raw materials whose cost and availability NewMarket cannot assure passing through to customers.
“The primary raw materials for Afton are base oil, polyisobutylene, antioxidants, alcohols, solvents, detergents, friction modifiers, olefins, and copolymers.”
SEC filing →As of 2026
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