CONSHOHOCKEN, Pa., June 1, 2012 /PRNewswire/ -- The IZOD IndyCar Series returns to Belle Isle Park in Detroit, Michigan this Sunday, June 3, 2012, after a three year absence for the Chevrolet Detroit Belle Isle Grand Prix. Quaker Chemical, an official sponsor and technical partner of Sarah Fisher Hartman Racing (SFHR) supports the #67 SFHR entry of rookie driver Josef Newgarden as he seeks to continue his impressive debut season. (Photo: http://photos.prnewswire.com/prnh/20120601/PH17694 ) Although Quaker Chemical is headquartered in Conshohocken, Pennsylvania, just outside of Philadelphia, the Motor City is a second home to Quaker since the company is a leading supplier of a range of premium lubricants, coolants, hydraulic fluids, and greases that provide a "start to finish" solution for the world's leading automotive manufacturers. "Quaker has a long-standing relationship with the automotive industry and we are extremely excited to bring this technology to the IZOD IndyCar Series," said Joe Berquist, Quaker VP and Managing Director North America. "Our partnership with Sarah Fisher Hartman Racing builds on more than 90 years of technology leadership. Quaker is focused on one goal: creating more value for our customers." Newgarden made headlines in practice and his qualifying trials for the Indianapolis 500 on May 27, 2012, by posting the fastest speed on three of six practice days and putting the only Honda-powered car into the Fast Nine final segment of Pole Day time trials. Newgarden ultimately recorded the 7th fastest time, setting a start on the inside of row three, ahead of many IndyCar veterans. The tight and twisty 2.1 mile, 14-turn Belle Isle circuit, offers a unique racing experience to the IndyCar drivers in contrast to the 2.5-mile Indianapolis Motor Speedway oval. "I'm interested to see what happens, because I think it feels weird going into a street circuit after being on an oval for a long time. Everything you're doing in the car feels completely different. Now that things are back to a street circuit setting it takes a while to feel normal," said Newgarden. Newgarden is ready for the challenge, he notes that, "You've got to give yourself four to five laps to re-adjust to the street circuit feel. I think we'll be able to adjust really quickly as a team, but I think it will be interesting to see which teams get on top of it the quickest."
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.
Quaker Chemical Corporation (NYSE:KWR) hit a new 52-week high Thursday as it is currently trading at $46.16, above its previous 52-week high of $46.02 with 7,362 shares traded as of 11:19 a.m. ET. Average volume has been 54,400 shares over the past 30 days.