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NewMarket Corporation Announces Approval of AMPAC Expansion

1. NewMarket's AMPAC to invest $100 million to expand ammonium perchlorate production. 2. Expansion aims to meet rising demand for solid rocket motors.

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FAQ

Why Bullish?

The investment expands production capability, likely leading to increased sales, similar to past expansions that drove revenue growth.

How important is it?

The article suggests significant growth potential for NewMarket through enhanced production capabilities, which may positively influence investor sentiment.

Why Long Term?

The capacity increase will position AMPAC for sustained revenue growth as demand rises over time.

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NEUNPKALBHUN
RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation announced its approval of the capital investment by its subsidiary American Pacific Corporation (AMPAC) of up to $100 million to expand AMPAC's ammonium perchlorate production capabilities in support of growing solid rocket motor demand. This investment will allow AMPAC to construct an additional production line, increasing capacity by more than 50%. The increased capacity will allow AMPAC to meet the domestic deman.

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