Ulsan, Korea – November 20, 2014 – Songwon Industrial Co., Ltd. today announced a global price increase of 8% – 12% on a majority of its SONGNOX®, SONGSORB® and SONGXTEND product range of polymer stabilizers for the plastics industry.
• Sales decline of -6.6% in 2014 compared to 2013 • Gross profit of 20,327 Mil. KRW, a 37.1% decrease from 2013 • Positive outlook into Q2 with orders on hand stronger than in Q1
