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.
Ulsan, Korea – October 24, 2014 – Songwon Industrial Co., Ltd. (www.songwon.com) and its distributor United Trading System (UTS) have signed a long-term cooperation agreement to supply the Russian petrochemical company, SIBUR with additives used in polypropylene, polyethylene, rubbers, thermoplastic rubbers and PVC. Under the agreement, Songwon will also provide SIBUR with technical support for stabilizers in end-use applications.
Songwon Industrial Group’s acquisition of SeQuent’s Specialty Chemicals business, which includes the polymer stabilizer business, the production site in Panoli and the local R&D division, has been successfully completed according to plan.
• 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
Songwon Industrial Group (www.songwon.com) is dedicated to sustainability which is clearly demonstrated in how it is meeting or exceeding stringent environmental and health & safety regulations and initiatives. This is being driven by a commitment to produce and sell products that use less of the Earth’s resources and which can be safely used by the value chain. Songwon’s global customers can continue to meet their environmental and health & safety goals, being ensured that they do not o
• SONGXTEND stabilizers, a new product family that offers benefits along the entire value chain from polymer production to end-use • SONGXTEND stabilizers enable more robust and efficient processing as well as outstanding performance in line with todays requirements of the polyolefin industry
Please join the Songwon press conference, October 18th at 09:00am, CCD South Room 7B
Songwon Industrial Group (www.songwon.com) strengthens its leadership team by appointing Dr. Rolf Drewes as Vice President Business Sector Specialty Chemicals, effective October 1st, 2013. Drewes brings 25 years of industry experience and an excellent international track record of leading technically challenging business units and building up new markets.
Ulsan, Korea – May 31, 2013 – Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world, has appointed Joachim Bayer as their new Global Business Manager for Songwon Specialty Antioxidants & New Products as of the 1st of June 2013.
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 rel
