Songwon China Ltd., a wholly owned subsidiary of Songwon Industrial Co., Ltd. based in Hong Kong, is the investment arm into an increasing number of Songwon entities in China. Songwon Shanghai Trading Ltd. is the main operational company where sales and sourcing activities on behalf of the global Songwon group will be conducted. Chemservice Asia Co. Ltd. complements these activities by providing an unparalleled service in regulatory advice and is an authority on REACH compliance in China.
Songwon Baifu Chemical Co. Ltd. is a joint venture with Tangshan Baifu Chemical Co. Ltd. to manufacture and sell Thioester antioxidants and will be fully incorporated by mid 2011 with a fully backward integrated capacity of 6000 tons.
Customer acceptance of the value that Songwon delivers has driven the need for a full analytical laboratory to be located in Shanghai and will be operational by the end of 2011. The new facility will become a centre of excellence for specialty chemical analysis, as well as providing quality control for sourced products.
“We are very pleased with the progress we have made in China in such a short time”, stated Jongho Park, Chairman and President of Songwon Industrial Co., Ltd. “The commitment we made to customers in China has been recognized and we are being rewarded by growth and long term business commitments. This is driving the need for extended services, such as the analytical laboratory, and the extension of our product range. Songwon Baifu will be influential in China and will provide world class Thioester antioxidant products to our other key regions. We are also establishing long term relationships with home based suppliers to ensure a secure stream of raw materials, intermediates and finished products that meet our high standards and competitive market position.”
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