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News Release


Quaker Chemical Corporation Announces Quarterly Dividend

CONSHOHOCKEN, Pa., Nov 19, 2003 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Quaker Chemical Corporation (NYSE: KWR) today declared a quarterly dividend of $.21 per share, payable on January 30, 2004, to shareholders of record at the close of business on January 16, 2004.

Quaker Chemical Corporation, headquartered in Conshohocken, Pennsylvania, is a worldwide developer, producer, and marketer of custom-formulated chemical specialty products and a provider of chemical management services for manufacturers around the globe, primarily in the steel and automotive industries.

SOURCE Quaker Chemical Corporation

D. Jeffry Benoliel, Vice President, Corporate Secretary and
General Counsel, Quaker Chemical, +1-610-832-7850
http://www.quakerchem.com