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News Release


Quaker Chemical Corporation Increases Quarterly Dividend

CONSHOHOCKEN, Pa., March 10 /PRNewswire-FirstCall/ -- The Board of Directors of Quaker Chemical Corporation (NYSE: KWR) today declared a quarterly dividend of $.215 per share, payable on April 30, 2004, to shareholders of record at the close of business on April 16, 2004. Mr. Ronald J. Naples, Chairman and Chief Executive Officer, noted that the Company has increased its dividend to shareholders annually for 32 consecutive years since it became a publicly held company.

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
    -0-                             03/10/2004
    /CONTACT:  D. Jeffry Benoliel, Vice President, Corporate Secretary and
General Counsel of Quaker Chemical Corporation, +1-610-832-7850/
    /Web site:  http://www.quakerchem.com/
    (KWR)

CO:  Quaker Chemical Corporation
ST:  Pennsylvania
IN:  CHM MNG AUT
SU:  DIV


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4200 03/10/2004 16:59 EST http://www.prnewswire.com