The Ashland Refining Company is founded in Ashland, Ky., USA, as the refining arm of the Swiss Oil Company, of Lexington, Ky., USA. What Ashland does today bears little resemblance to the reason the company was founded in 1924. However, in one very important way, Ashland have remained true to it’s heritage over the intervening decades. While the company have grown and changed from a small refinery in eastern Kentucky to a leading global specialty chemical company with customers in more than 100 countries, Ashland have been – and always will be – as much about the relationships between people as Ashland is about the relationships between chemicals. With fiscal 2012 sales of approximately $8.2 billion, Ashland is a member of the Fortune 500* and S&P Midcap 400*. Ashland provides specialty chemicals, technologies and insights through four commercial units: Ashland Specialty Ingredients, Ashland Water Technologies, Ashland Performance Materials and Ashland Consumer Markets (Valvoline).