Songwon introduces new products to extend its current range of Antioxidants and UV Absorbers at K 2007

Ulsan, Korea, October 12, 2007 – Following the introduction earlier this year of a series of new Antioxidant and UV Absorbers, the Songwon Group is pleased to announce a further expansion of its key product ranges tailored to specific industry needs.

Songwon demonstrates its commitment to customer value.
Meet the strengthened team at K 2007

Ulsan, Korea, September 4, 2007 – In September of 2006, Songwon announced a strategic plan that included establishing direct channels to the market, significantly expanding antioxidant capacity, extending the product range, and providing innovation. Over the last year, Songwon has delivered on the first three elements of this strategy. In particular the last step taken to strengthen the regional focus of Songwon has been the establishment of Songwon International-India in August 2007. Songwon is now pleased to announce four new additions to the global team, consistent with the strategic element of driving innovation and customer value.

Songwon announces introduction of new products

Ulsan, Korea, June 12, 2007 – Songwon Industrial Co., Ltd. announced today the introduction of a series of new products, which are specifically designed for the Polyolefins and Compounding markets. The products are commercially available for immediate shipment. Songwon will be showcasing these new products at K 2007.

Songwon’s new antioxidant plant in production

SONGWONUlsan, Korea, May 14, 2007 – The new Songwon Industrial Co., Ltd. grass roots antioxidant manufacturing site in Maeam, Korea which was completed ahead of schedule at the beginning of April 2007 is now in commercial operation.

Songwon opens new Swiss European Headquarter and Customer Service Center

Songwon announces the opening of the European Headquarter and Customer Service Centre of its affiliate Songwon International AG, in Frauenfeld, Switzerland, which is conveniently located just outside of Zurich. From left to right Dr. Hans-Peter Wüest, Chief Financial Officer Songwon International AG; Maurizio Butti, President & CEO Songwon International AG; Dieter Morath, Executive Vice President EMEA Songwon International AG; James Mc.Ginley, President Songwon International - Americas, Inc..Ulsan, Korea, March 15, 2007 – Songwon announces the opening of the European Headquarter of its affiliate Songwon International AG, in Frauenfeld, Switzerland. “This is the culmination of the efforts last year to establish Songwon International as our direct channel to market in Europe, the Middle East, Africa, Western Asia, and the Americas”, said Jongho Park, Chairman and CEO of Songwon Industrial Co. Ltd.

Construction of Songwon new world-scale antioxidant plant is ahead of schedule

The construction of Songwon’s second dedicated manufacturing site for the production of phenolic and phosphite antioxidants is ahead of schedule and the plant start-up is now set for April 2007. In the first phase, this new manufacturing site will increase the Songwon capacity to about 55.000 tons, a 60% increase over the current capability. Ulsan, Korea, January 16, 2007 – Songwon Industrial Co., Ltd. announced today that the construction of its second dedicated manufacturing site for the production of phenolic and phosphite antioxidants is ahead of schedule and the plant start-up is now set for April 2007. Consistent with Songwon’s manufacturing strategy to provide economy of scale and security of supply, the project includes the back integration of key raw materials. In the first phase, this new manufacturing site will increase the Songwon capacity to about 55.000 tons, a 60% increase over the current capability. A second phase of expansion is already planned to bring total capacity to 80.000 tons and will be implemented as soon as the market demand will justify it.

Songwon announces a new strategic approach and increased commitment to the Polymer Industry

Songwon Industrial Co., Ltd. manufacturing facilities are located in Ulsan, South Korea. Songwon produces antioxidants for the polymer industry as well as additives for PVC and functional monomers for engineering thermoplastics.Ulsan, Korea, September 22, 2006 - Songwon announced today the completion of its strategic review and a number of related initiatives which will be a quantum leap in its commitment to the polymer industry. Songwon Industrial Co., Ltd., with manufacturing facilities in Ulsan South Korea, is a major producer of antioxidants and is serving the global markets indirectly through a distribution agreement with Clariant. Songwon began producing additives for the PVC industry in the mid 1960’s and antioxidants for the polymer industry in the mid 1980’s.

Antioxidants Cooperation to End

Ulsan, Korea, September 15, 2006 - Songwon Industrial Co., Ltd. and Clariant International Ltd. (Muttenz, Switzerland) announced today that they mutually agreed to end their cooperation in antioxidants after many years of a successful partnership as of January 31, 2008. The decision follows as a result of a strategic re-orientation of both companies based on the global market development.