Exhibit 21

SUBSIDIARIES AND AFFILIATES OF THE REGISTRANT

Jurisdiction of 

Percentage of Voting Securities Owned

Name

Incorporation

Directly or Indirectly by Quaker

*

Quaker Chemical Corporation

Delaware, U.S.A.

100%

+*

SB Decking, Inc. (formerly Selby, Battersby & Co.)

Delaware, U.S.A.

100%

*

AC Products, Inc.

California, U.S.A.

100%

*

Epmar Corporation

California, U.S.A.

100%

*

Summit Lubricants, Inc.

New York, U.S.A.

100%

*

G.W. Smith and Sons, Inc.

Ohio, U.S.A

100%

*

Tecniquimia Mexicana S.A. de C.V.

Mexico

100%

*

Unitek Servicios De Asesoiria Especializad S.A.

Mexico

100%

+*

Quaker Chemical Europe B.V.

Holland

100%

*

Quaker Chemical B.V.

Holland

100%

+*

Quaker Russia B.V. (formerly KWR Holdings B.V.)

Holland

100%

*

Quaker Chemical (China) Co. Ltd.

China

100%

+*

Quaker China Holdings B.V.

Holland

100%

*

Quaker Chemical Canada Limited

Ontario, Canada

100%

*

Quaker Chemical Limited

United Kingdom

100%

*

Quaker Chemical S.A.

France

100%

*

Quaker Chemical, S.A.

Spain

100%

+*

Quaker Denmark ApS

Denmark

100%

*

Quaker Chemical S.A.

Argentina

100%

+*

Quaker Chemical Participacoes, Ltda.

Brazil

100%

*

Quaker Chemical Limited

Hong Kong

100%

+*

Quaker Chemical Holdings South Africa (Pty) Limited

Republic of South Africa

100%

*

Quaker Italia S.r.l.

Italy

100%

*

Quaker Chemical S.r.l.

Italy

100%

+*

Quaker Australia Holdings Pty. Limited

Victoria, Australia

100%

*

Quaker Shanghai Trading Company Limited

China

100%

*

Quaker Chemical Industria e Comercio Ltda.

Brazil

100%

*

Quaker Chemical Operacoes, Ltda.

Brazil

100%

*

Quaker Chemical India Private Limited

India

55%

*

Quaker Chemical (Australasia) Pty. Limited

New South Wales, Australia

100%

*

Quaker (Thailand) Ltd.

Thailand

100%

*

Quaker Chemical South Africa (Pty.) Limited

Republic of South Africa

51%

*

Quaker Chemical Corporation Mexico, S.A. de C.V.

Mexico

100%

*

Quaker Chemical HR Mexico, S.A. de C.V.

Mexico

100%

*

ECLI Products, LLC

Illinois, U.S.A.

100%

*

Engineered Custom Lubricants GmbH

Germany

100%

*

Binol AB

Sweden

100%

*

Binol Biosafe OY

Finland

100%

*

Quaker Chemical MEA FZE

Dubai

100%

*

Verkol S.A.

Spain

100%

+*

Quaker Spain Holding, SLU

Spain

100%

**

Nippon Quaker Chemical, Ltd.

Japan

50%

**

Kelko Quaker Chemical, S.A.

Venezuela

50%

**

Kelko Quaker Chemical, S.A.

Panama

50%

**

Primex, Ltd.

Barbados

33%

+

A non-operating company.

*

Included in the consolidated financial statements.

**

Accounted for in the consolidated financial statements under the equity method.