Our supply chain is unsurpassed in the industry. We have world-class manufacturing facilities in three key demand areas around the globe, supplemented by regional plants and plants where we hold shareholder interest. The strategic locations and scale of our operations have us well positioned today, but we are also working to grow and evolve our supply chain for the future.
Oronite forged an early leadership position in the Asia Pacific region in the 1990s by establishing an additives manufacturing plant that has significantly expanded over the years and remains the largest in the region.
In mid-2014, Oronite completed a major expansion of its additives manufacturing facility on Jurong Island in Singapore. Learn more about the scope of the project, the safe and successful execution while working in an operating facility and how Oronite is well positioned to meet the needs of our customers throughout the Asia Pacific region.
The Singapore Manufacturing facility, opened in 1999, has roughly doubled in size since start-up and is helping meet increasing additive market demand in the Asia Pacific region, projected to grow 74% by 2023*.
*Projected market demand for automotive, industrial and marine lubricant additives based on Kline data and Oronite analysis.
To further strengthen our position in the Asia Pacific region, design and engineering work is underway for a planned manufacturing plant in Ningbo, China, currently expected to begin operations in 2021. And we've grown our technology center of expertise in Shanghai to continually expand our technical support, field testing and product development capabilities.
One of the most important investments we make is in our people, who work around the globe and bring extensive industry knowledge and innovation to our portfolio.
20 percent of our workforce is involved in the ethical development of products.
The hard work and applied expertise of our people pays off when we're acknowledged by the fuel and lubricants additives industry for our innovative technology and product development strengths. In 2017, we received the first ever Fuels + Lubes Asia (F+L) "Product Development of the Year" award for our OLOA® 55516 passenger car motor oil additive. This award recognizes significant improvements to products and related processes rendering the product more efficient and having improved ecological use. With the approval of this product, Oronite was the first company to develop additive chemistry meeting the new requirements for next generation General Motors® engines. Further recognition came in 2018 when Jirong Xiao of Oronite was recognized as the Fuels + Lubes Asia (F+L) “Person of the Year.”