Chemical and motor
50 E. RiverCenter Blvd.
Covington, KY 41012
CEO: James O'Brien
Stock Symbol: ASH
Ashland Inc. is a diversified chemical
company provides innovative products, services and solutions
to customers around the globe. Ashland has sales and operations
in the United States and in more than 100 countries worldwide.
The company has operations in 120 countries.
Ashland is organized into four wholly owned divisions: Ashland
Paving And Construction (APAC), Ashland Distribution, Ashland
Specialty Chemical and Valvoline motor oil.
In fiscal 2007, revenues were $7.8 billion
and net income was $230 million.
The company was started in 1924 when Paul
Blazer was named general manager of Ashland Refining Company
of Ashland, KY, a refining arm of Swiss Oil Company of Lexington.
Principal operation was a small refinery in Catlettsburg.
Ashland would grow to include Valvoline,
chemical and petroleum businesses. In 2005, Ashland sold interest
in its petroleum division to Marathon Oil.
Updated March 3, 2008