Document

SD 1 kwr2025-conflictmineralsre.htm SD Document

Conflict Minerals Report of Quaker Chemical Corporation for the period of January 1, 2025 to December 31, 2025

1. Introduction

This Conflict Minerals Report describes the due diligence process of Quaker Chemical Corporation, doing business as Quaker Houghton, and its subsidiaries and affiliates listed on Exhibit 21 of its 10-K filed with Securities and Exchange Commission (the “Company,” and “Quaker Houghton”), in accordance with the requirements of Rule 13p-1 of the Securities Exchange Act or 1934, as amended. This report combines the activities of Quaker Houghton and its subsidiaries. In 2025, Quaker Houghton completed the acquisition of three companies: 1) Chemical Solutions & Innovations Pty. Ltd. (“CSI”); 2) Dipsol Chemicals Co. Ltd.; and 3) Natech Limited. Consistent with the Securities and Exchange Commission requirements for newly acquired companies, Quaker Houghton is not reporting on the products manufactured by these companies in this report. To the extent these newly acquired companies have products that contain tin, tungsten, tantalum or gold as necessary components for the functionality or production of the products, these products will be included in the report filed next year.

2. Overview

Quaker Houghton was organized in 1918, incorporated as a Pennsylvania business corporation in 1930, and in August 2019 completed a combination with Houghton International Inc. (“Houghton”) to form Quaker Houghton. Quaker Houghton is the global leader in industrial process fluids. With a presence around the world, including operations in over 25 countries, the Company’s customers include thousands of the world’s most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. Quaker Houghton develops, produces, and markets a broad range of formulated specialty chemical products and offers chemical management services for various heavy industrial and manufacturing applications throughout its three segments: Americas; Europe, Middle East, and Africa; and Asia-Pacific.

The major product lines of Quaker Houghton include metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, surface solutions, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, and rod and wire drawing fluids. Certain of Quaker Houghton’s products include tin, tungsten and gold which are necessary to the functionality or production of these products. Tin, tantalum, tungsten, and gold are referred to collectively as “3TG.” Covered Countries refers to the Democratic Republic of the Congo (“DRC”) or an adjoining country, i.e., a country that shares an internationally recognized border with the DRC.

3. Reasonable Country of Origin and Due Diligence

To implement a reasonable country of origin inquiry (“RCOI”) for the 3TG supplied to Quaker Houghton, the Company conducted an internal analysis of its products and components to identify those that contain tin, tungsten, tantalum or gold. Quaker Houghton’s analysis identified

approximately 34 products that contain tin, tungsten, or gold, some of which is sourced from recycled scrap.1 Quaker Houghton did not identify any products that contain tantalum. Quaker Houghton retained a third-party vendor, GreenSoft Technologies (“GreenSoft”), to collect relevant information from the Company’s suppliers of 3TG. Quaker Houghton reviewed and evaluated information provided by its tin, tungsten, or gold suppliers and prepared a Conflict Minerals Reporting Template (“CMRT”) in accordance with the instructions provided by the Responsible Minerals Initiative (“RMI”). The Company received responses from all of its 15 suppliers of 3TG, reflecting a response rate of 100%. Some suppliers provided responsive information through a company-level CMRT. As a result, some of the smelters listed in this report may not be used to source 3TG incorporated into Quaker Houghton products.

Quaker Houghton’s due diligence process is based on the Organization for Economic Co-operation and Development’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and accompanying supplements (the “OECD Framework”), which is an internationally recognized due diligence framework. Quaker Houghton has adopted a Conflict Minerals Policy Statement that expresses the Company’s commitment to the responsible sourcing of 3TG minerals necessary for the production and functionality of its products. The Company’s Conflict Minerals Policy Statement is publicly available on the Company’s website at: https://investors.quakerhoughton.com/corporate-governance under Corporate Governance, Governance Overview. Quaker Houghton has a Supplier Code of Conduct, which is based on the UN Global Compact Initiative and the global chemical Responsible Care program, and is available on the Company’s website: Policies - Quaker Houghton Quaker Houghton’s Supplier Code of Conduct requires suppliers to abide by all applicable laws and regulations related to conflict minerals and to lawfully and ethically source goods and materials consistent with conflict mineral regulations, including but not limited to: 1) Section 1502 of the U.S. Dodd-Frank Act: 2) EU Conflict Minerals Regulation (Regulation EU 2017/821); and 3) OECD Due Diligence Guidelines for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.

4. Smelters

Quaker Houghton through its consultant, GreenSoft, compared the 3TG smelters identified in the CMRTs provided by its suppliers to the facilities identified by the RMI Responsible Minerals Assurance Process (“RMAP”) as conformant. The RMAP assesses facilities' systems and processes for traceability of ore and demonstration of conflict-free sourcing. The RMAP uses an independent third-party assessment of smelter management systems and sourcing practices to validate conformance with RMAP standards. The RMAP standards are developed to meet the requirements of the OECD Due Diligence Guidance. Information on the RMAP process can be found at: http://www.responsiblemineralsinitiative.org/responsible-minerals-assurance-process/

1 Certain of Quaker Houghton’s products may include organotin compounds. It is our understanding that organotin compounds are not considered metals or alloy derivatives within the scope of Rule 13p-1 under the Securities Exchange Act (17 C.F.R. § 240.13p-1.). Therefore, we have not reported smelters of organotins.

A list of conformant smelters is published and maintained on RMI’s website: RMI Active and Conformant Facilities List.

Smelters

Based on the CMRTs provided to Quaker Houghton, the following smelters were identified as a source of 3TG to Quaker Houghton’s suppliers. As noted above, since some of the CMRTs provided reported on all smelters used by the supplier rather than the smelters used for a particular product, the list below may include smelters that do not source 3TG incorporated into Quaker Houghton products. The smelter ID number for three tin smelters was not provided by the supplier. As a result, we are unable to determine if these smelters are compliant. As indicated below, all of the smelters identified on CMRTs provided to the Company by its suppliers of 3TG were conformant.

Metal

Official Smelter Name

Smelter ID

Conformant Smelter2

Smelter Location

Gold

Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH

CID002779

Yes

AUSTRIA

Gold

WIELAND Edelmetalle GmbH

CID002778

Yes

GERMANY

Gold

Zhongyuan Gold Smelter of Zhongjin Gold Corporation

CID002224

Yes

CHINA

Gold

Western Australian Mint (T/a The Perth Mint)

CID002030

Yes

AUSTRALIA

Gold

United Precious Metal Refining, Inc.

CID001993

Yes

UNITED STATES OF AMERICA

Gold

Umicore S.A. Business Unit Precious Metals Refining

CID001980

Yes

BELGIUM

Gold

Tokuriki Honten Co., Ltd.

CID001938

Yes

JAPAN

Gold

Tanaka Kikinzoku Kogyo K.K.

CID001875

Yes

JAPAN

Gold

Sumitomo Metal Mining Co., Ltd.

CID001798

Yes

JAPAN

Gold

Solar Applied Materials Technology Corp.

CID001761

Yes

TAIWAN, PROVINCE OF CHINA

Gold

Royal Canadian Mint

CID001534

Yes

CANADA

2 Conformant refers to facilities that are listed by RMI as of May 2026 as conformant with RMAP protocols or certified or accredited by a similar independent assessment program cross-recognized by RMAP as confirmed by GreenSoft.

Metal

Official Smelter Name

Smelter ID

Conformant Smelter2

Smelter Location

Gold

Rand Refinery (Pty) Ltd.

CID001512

Yes

SOUTH AFRICA

Gold

MKS PAMP SA

CID001352

Yes

SWITZERLAND

Gold

Nihon Material Co., Ltd.

CID001259

Yes

JAPAN

Gold

Mitsui Mining and Smelting Co., Ltd.

CID001193

Yes

JAPAN

Gold

Mitsubishi Materials Corporation

CID001188

Yes

JAPAN

Gold

Metalurgica Met-Mex Penoles S.A. De C.V.

CID001161

Yes

MEXICO

Gold

Metalor USA Refining Corporation

CID001157

Yes

UNITED STATES OF AMERICA

Gold

Metalor Technologies S.A.

CID001153

Yes

SWITZERLAND

Gold

Metalor Technologies (Singapore) Pte., Ltd.

CID001152

Yes

SINGAPORE

Gold

Metalor Technologies (Hong Kong) Ltd.

CID001149

Yes

CHINA

Gold

Metalor Technologies (Suzhou) Ltd.

CID001147

Yes

CHINA

Gold

Matsuda Sangyo Co., Ltd.

CID001119

Yes

JAPAN

Gold

Materion

CID001113

Yes

UNITED STATES OF AMERICA

Gold

LS MnM Inc.

CID001078

Yes

KOREA, REPUBLIC OF

Gold

Kojima Chemicals Co., Ltd.

CID000981

Yes

JAPAN

Gold

Kennecott Utah Copper LLC

CID000969

Yes

UNITED STATES OF AMERICA

Gold

JX Nippon Mining & Metals Co., Ltd.

CID000937

Yes

JAPAN

Gold

Asahi Refining Canada Ltd.

CID000924

Yes

CANADA

Gold

Asahi Refining USA Inc.

CID000920

Yes

UNITED STATES OF AMERICA

Gold

Istanbul Gold Refinery

CID000814

Yes

TURKEY

Gold

Ishifuku Metal Industry Co., Ltd.

CID000807

Yes

JAPAN

Gold

Heraeus Germany GmbH Co. KG

CID000711

Yes

GERMANY

Gold

Heraeus Metals Hong Kong Ltd.

CID000707

Yes

CHINA

Gold

Heimerle + Meule GmbH

CID000694

Yes

GERMANY

Metal

Official Smelter Name

Smelter ID

Conformant Smelter2

Smelter Location

Gold

Eco-System Recycling Co., Ltd. East Plant

CID000425

Yes

JAPAN

Gold

Dowa

CID000401

Yes

JAPAN

Gold

Chimet S.p.A.

CID000233

Yes

ITALY

Gold

C. Hafner GmbH + Co. KG

CID000176

Yes

GERMANY

Gold

Boliden Ronnskar

CID000157

Yes

SWEDEN

Gold

Aurubis AG

CID000113

Yes

GERMANY

Gold

Asaka Riken Co., Ltd.

CID000090

Yes

JAPAN

Gold

ASAHI METALFINE, Inc.

CID000082

Yes

JAPAN

Gold

Argor-Heraeus S.A.

CID000077

Yes

SWITZERLAND

Gold

AngloGold Ashanti Corrego do Sitio Mineracao

CID000058

Yes

BRAZIL

Gold

Agosi AG

CID000035

Yes

GERMANY

Gold

Aida Chemical Industries Co., Ltd.

CID000019

Yes

JAPAN

Tin

Malaysia Smelting Corporation Berhad (Port Klang)

CID004434

Yes

MALAYSIA

Tin

Mining Minerals Resources SARL

CID004065

Yes

CONGO, DEMOCRATIC REPUBLIC OF THE

Tin

PT Putera Sarana Shakti (PT PSS)

CID003868

Yes

INDONESIA

Tin

Fabrica Auricchio Industria e Comercio Ltda.

CID003582

Yes

BRAZIL

Tin

CRM Synergies

CID003524

Yes

SPAIN

Tin

PT Mitra Sukses Globalindo

CID003449

Yes

INDONESIA

Tin

Luna Smelter, Ltd.

CID003387

Yes

RWANDA

Tin

Tin Technology & Refining

CID003325

Yes

UNITED STATES OF AMERICA

Tin

Guangdong Hanhe Non-Ferrous Metal Co., Ltd.

CID003116

Yes

CHINA

Tin

PT Bangka Prima Tin

CID002776

Yes

INDONESIA

Tin

Aurubis Berango

CID002774

Yes

SPAIN

Tin

Aurubis Beerse

CID002773

Yes

BELGIUM

Tin

PT Cipta Persada Mulia

CID002696

Yes

INDONESIA

Tin

PT ATD Makmur Mandiri Jaya

CID002503

Yes

INDONESIA

Metal

Official Smelter Name

Smelter ID

Conformant Smelter2

Smelter Location

Tin

Magnu's Minerais Metais e Ligas Ltda.

CID002468

Yes

BRAZIL

Tin

Tin Smelting Branch of Yunnan Tin Co., Ltd.

CID002180

Yes

CHINA

Tin

Yunnan Chengfeng Non-ferrous Metals Co., Ltd.

CID002158

Yes

CHINA

Tin

White Solder Metalurgia e Mineracao Ltda.

CID002036

Yes

BRAZIL

Tin

Thaisarco

CID001898

Yes

THAILAND

Tin

Rui Da Hung

CID001539

Yes

TAIWAN, PROVINCE OF CHINA

Tin

PT Timah Tbk Mentok

CID001482

Yes

INDONESIA

Tin

PT Timah Tbk Kundur

CID001477

Yes

INDONESIA

Tin

PT Prima Timah Utama

CID001458

Yes

INDONESIA

Tin

PT Mitra Stania Prima

CID001453

Yes

INDONESIA

Tin

Operaciones Metalurgicas S.A.

CID001337

Yes

BOLIVIA (PLURINATIONAL STATE OF)

Tin

O.M. Manufacturing (Thailand) Co., Ltd.

CID001314

Yes

THAILAND

Tin

Jiangxi New Nanshan Technology Ltd.

CID001231

Yes

CHINA

Tin

Mitsubishi Materials Corporation

CID001191

Yes

JAPAN

Tin

Minsur

CID001182

Yes

PERU

Tin

Mineracao Taboca S.A.

CID001173

Yes

BRAZIL

Tin

Metallic Resources, Inc.

CID001142

Yes

UNITED STATES OF AMERICA

Tin

China Tin Group Co., Ltd.

CID001070

Yes

CHINA

Tin

Gejiu Non-Ferrous Metal Processing Co., Ltd.

CID000538

Yes

CHINA

Tin

Fenix Metals

CID000468

Yes

POLAND

Tin

EM Vinto

CID000438

Yes

BOLIVIA (PLURINATIONAL STATE OF)

Tin

Dowa

CID000402

Yes

JAPAN

Tin

PT Premium Tin Indonesia

CID000313

Yes

INDONESIA

Tin

Alpha Assembly Solutions Inc

CID000292

Yes

UNITED STATES OF AMERICA

Metal

Official Smelter Name

Smelter ID

Conformant Smelter2

Smelter Location

Tin

Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.

CID000228

Yes

CHINA

Tin

CV Ayi Jaya

Smelter ID not listed

Unknown

INDONESIA

Tin

PT Aries Kencana Sejahtera

Smelter ID not listed

Unknown

INDONESIA

Tin

PT Artha Cipta Langgeng

Smelter ID not listed

Unknown

INDONESIA

Tungsten

China Molybdenum Tungsten Co., Ltd.

CID002641

Yes

CHINA

Tungsten

Niagara Refining LLC

CID002589

Yes

UNITED STATES OF AMERICA

Tungsten

Jiangwu H.C. Starck Tungsten Products Co., Ltd.

CID002551

Yes

CHINA

Tungsten

Masan High-Tech Materials

CID002543

Yes

VIET NAM

Tungsten

TANIOBIS Smelting GmbH & Co. KG

CID002542

Yes

GERMANY

Tungsten

H.C. Starck Tungsten GmbH

CID002541

Yes

GERMANY

Tungsten

Hunan Shizhuyuan Nonferrous Metals Co., Ltd. Chenzhou Tungsten Products Branch

CID002513

Yes

CHINA

Tungsten

Ganzhou Seadragon W & Mo Co., Ltd.

CID002494

Yes

CHINA

Tungsten

Jiangxi Gan Bei Tungsten Co., Ltd.

CID002321

Yes

CHINA

Tungsten

Xiamen Tungsten (H.C.) Co., Ltd.

CID002320

Yes

CHINA

Tungsten

Jiangxi Yaosheng Tungsten Co., Ltd.

CID002316

Yes

CHINA

Tungsten

Ganzhou Jiangwu Ferrotungsten Co., Ltd.

CID002315

Yes

CHINA

Tungsten

Xiamen Tungsten Co., Ltd.

CID002082

Yes

CHINA

Tungsten

Wolfram Bergbau und Hutten AG

CID002044

Yes

AUSTRIA

Tungsten

Japan New Metals Co., Ltd.

CID000825

Yes

JAPAN

Tungsten

Global Tungsten & Powders LLC

CID000568

Yes

UNITED STATES OF AMERICA

Tungsten

Chongyi Zhangyuan Tungsten Co., Ltd.

CID000258

Yes

CHINA

Metal

Official Smelter Name

Smelter ID

Conformant Smelter2

Smelter Location

Tungsten

Kennametal Huntsville

CID000105

Yes

UNITED STATES OF AMERICA

Tungsten

A.L.M.T. Corp.

CID000004

Yes

JAPAN

5. Steps to Improve Due Diligence

Quaker Houghton will continue to conduct supplier diligence regarding 3TG and will monitor its products and components to identify new products or components that may include any 3TG. Quaker Houghton will continue to monitor its supply chains to identify any new suppliers and to bring such suppliers within the scope of its conflict minerals programs. Quaker Houghton will maintain open lines of communication with its suppliers, so they are notified promptly if there are any changes in the source of the 3TG supplied to Quaker Houghton.

Forward-Looking Statements

This Conflict Minerals Report includes “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and such forward-looking statements involve risks and uncertainties. These forward-looking statements include, but are not limited to, statements relating to the Company’s intention to enhance its efforts to obtain from its suppliers complete, correct, and trustworthy information regarding the sources of the conflict minerals used in the Company’s products. These statements are subject to various risks, uncertainties and other factors, including, among other matters, the Company’s suppliers’ responsiveness and cooperation with the Company’s due diligence efforts, the Company’s ability to identify and mitigate risks in its supply chain, whether smelters and refiners and other market participants responsibly source conflict minerals, political and regulatory developments in the Covered Countries, the United States or elsewhere, and whether industry organizations and initiatives remain effective as a source of external guidance and support to us in the conflict minerals compliance process. Forward-looking statements are based on management’s current views, beliefs and expectations of future events based on certain assumptions. Forward-looking statements are not guarantees of future performance. We assume no obligation to revise or update any forward-looking statements for any reason, except as required by law.

SEC Form SD filed by Quaker Houghton