Ashland is a multinational specialty chemicals company based in the United States. Founded in 1924 as Ashland Refining Company, it started as a small refinery in Ashland, Kentucky, producing gasoline and other petroleum products. Over the years, Ashland expanded its operations and transformed into a global leader in specialty chemicals.

Currently headquartered in Covington, Kentucky, Ashland operates through four segments: Specialty Ingredients, Intermediates & Solvents, Composites, and Performance Adhesives. The company offers a wide range of products and services to various industries such as personal care, pharmaceutical, automotive, construction, and energy. Its specialty ingredients division manufactures polymers, surfactants, and additives used in personal care products and pharmaceuticals.

The intermediates and solvents segment produces chemicals used in various industrial processes. The composites division manufactures resins and composite materials for automotive, marine, and construction applications. The performance adhesives segment offers adhesives and sealants for industrial applications.

Ashland has a significant presence on a global scale, with operations spanning over 100 countries. The company has several noteworthy subsidiaries, joint ventures, and partnerships. One of its notable subsidiaries is Valvoline, a leading supplier of automotive lubricants and chemicals.

Additionally, Ashland has joint ventures with companies like Saudi Arabian Oil Company and Arkema, expanding its reach in the Middle East and Europe. In terms of market position, Ashland is recognized as a major player in the specialty chemicals industry. The company reported global sales of over $2.

5 billion in the fiscal year 2020. It faces competition from prominent chemical companies like BASF, Dow, and DuPont. Over the years, Ashland has undertaken strategic initiatives to drive growth and enhance its product lineup.

In 2019, the company divested its Composites business to focus on its core specialty ingredients and intermediates businesses. This move allowed Ashland to streamline its operations and allocate resources towards innovative solutions. As of the latest updates, Ashland continues to expand its product portfolio and invest in research and development to meet evolving customer needs.

The company remains committed to sustainability and has set goals to reduce greenhouse gas emissions and increase the use of renewable energy sources. In conclusion, Ashland is a multinational specialty chemicals company with a rich history and a diverse range of products and services. With a strong global presence, strategic partnerships, and a focus on innovation, Ashland continues to thrive in the competitive chemical industry