Ulsan, Korea – May 19, 2011 – Songwon Industrial, a leading developer and manufacturer of polymer additives, will increase global prices of its Songnox® antioxidants, Songlight® and Songsorb® UV stabilizers, Songstab acid scavengers as well as of its range of aminic antioxidants between 15 and 20% effective on orders invoiced on or after June 1, 2011, or as contracts allow. This price increase is necessary to recover raw material cost increases and support continued investment in reliable supply.
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