Ashland,Inc.operatesasachemicalandtransportationconstructioncompany.Itoperatesinfoursegments:AshlandDistribution,AshlandSpecialtyChemical,Valvoline,andAshlandPavingandConstruction(APAC)segment.TheAshlandDistributionsegmentdistributeschemicals,plastics,andresinsinNorthAmericaandplasticsinEurope,aswellasprovidesenvironmentalservices.TheAshlandSpecialtyChemicalsegmentsuppliesspecialtychemicalsandcustomizedservicesforindustries,includingbuildingandconstruction,metalcasting,packagingandconverting,chemicalprocessing,powergeneration,automotive,commercialandinstitutionalfacilitymanagement,foodprocessing,mining,pulpandpaper,paintandcoatings,merchantmarine,recreationalmarine,andtransportation.TheValvolinesegmentproducesandmarketspackagedmotoroilandautomotivechemicals,includingappearanceproducts,antifreeze,filters,andautomotivefragrances.ItalsoprovidesfastoilchangeservicesthroughValvolineInstantOilChangeoutlets.TheAPACsegmentperformsasphaltandconcretecontractconstructionwork,includinghighwaypavingandrepair,excavationandgrading,andbridgeconstruction,aswellasproducesasphalticandready-mixconcrete,crushedstone,andotheraggregateinthesouthernandmid-continentUnitedStates.Thecompanyalsohas38%interestinMarathonPetroleumCompanyLLC,whichoperatessevenrefinerieswithatotalcrudeoilrefiningcapacityof948,000barrelsperday.Ashlandwasfoundedin1918andisheadquarteredinCovington,Kentucky.
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