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IN <br />Elizabeth B. Russell. <br />Tax Counsel <br />February 6, 2019 <br />Ryan Cramer <br />Economic Development Coordinator <br />City of La Porte, Texas <br />City Hall <br />604 W Fairmont Parkway <br />W.-I 7:M <br />100 Valvoline Way <br />Lexington, KY 40509 <br />valvoline.com <br />859-357-7240 <br />Office of the Governor <br />Economic Development and Tourism <br />Texas Economic Development Bank <br />Texas Enterprise Zone Program <br />1100 San Jacinto <br />LaPorte, Texas 77571 Austin, Texas 78701 <br />RE: Valvoline LLC Texas Enterprise Project Application <br />Tab 12 — Project Description Letter <br />On behalf of Valvoline LLC, I am pleased to provide the following Project Description in support of our <br />Enterprise Project Application, specifically Section XVI. <br />Valvoline LLC (the "Company") is a subsidiary of Valvoline Inc. ("Valvoline"), a leading worldwide <br />marketer and supplier of premium branded lubricants and automotive services, with sales in more than <br />140 countries. Valvoline is headquartered in Lexington, Kentucky and reported net annual sales of $181 <br />million in 2017. Established in 1866, Valvoline's heritage spans over 150 years, during which it has <br />developed powerful brand recognition across multiple product and service channels. <br />The highly trusted brand ranks as the No. 3 passenger car motor oil brand in the DIY market by volume, <br />the No. 2 quick-lube chain by number of stores in the United States and the No. 3 quick-lube chain by <br />number of stores in Canada. Valvoline operates and franchises more than 1,140 Valvoline Instant Oil <br />Change centers in the United States and more the 70 Great Canadian Oil Change locations in Canada. <br />It also markets Valvoline lubricants and automotive chemicals, including the new Valvoline Modern <br />Engine Full Synthetic Motor Oil, which is specifically engineered to protect against carbon build-up in <br />Gasoline Direct Injection, turbo and other engines manufactured since 2012. Valvoline manufactures a <br />variety of other oils and antifreeze, as well. <br />The Company is planning to invest in a distribution facility in La Porte, Texas located in Building B2 of <br />the Port Crossing Commerce Center at 1302 Wharton Weems Boulevard. The facility will be involved <br />in the distribution of packaged lubricant products to both domestic and international destinations, <br />serving the Southwest United States, Latin America, and Chinese markets. The Company has existing <br />operations in 13 Texas locations and employs 307 in the state (a list of which you can find under Section <br />