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News Release


Quaker Chemical Corporation Declares Quarterly Dividend

CONSHOHOCKEN, Pa., Nov. 20 /PRNewswire-FirstCall/ -- The Board of Directors of Quaker Chemical Corporation (NYSE: KWR) today declared a quarterly dividend of $.21 per share, payable on January 31, 2003, to shareholders of record at the close of business on January 17, 2003.

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

/CONTACT: D. Jeffry Benoliel, Vice President, Corporate Secretary and General Counsel of Quaker Chemical, +1-610-832-7850/