9 Nov 2010
Songwon introduces a new and innovative solution for PP Fiber Stabilization
Ulsan, Korea – November 9, 2010 – Songwon, a leading additives supplier to the polymer industry, announces the development of a new solution for PP Fiber stabilization in color critical applications.
2 Nov 2010
Songwon announces the expansion of its antioxidants capacity
Ulsan, Korea – November 2, 2010 – Songwon Industrial Co. Ltd. announces the expansion of its antioxidants capacity from 55.000 tons to 70.000 tons. The expanded capacity will be on stream from August 2011. The expansion is the result of the consolidation of the Songnox® 1076 production into Songwon’s new fully backwardintegrated Maeam plant.
29 Oct 2010
Songwon and HPL to form a Joint Venture for Polymer Stabilizers
Ulsan, Korea – October 29, 2010 – Songwon Industrial Co., Ltd. and HPL Additives Ltd. announce that they have signed a Letter of Intent to form Songwon HPL Additives PVT LTD.
Ulsan, Korea – October 29, 2010 – Songwon Industrial Co., Ltd. and HPL Additives Ltd. announce that they have signed a Letter of Intent to form Songwon HPL Additives PVT LTD.28 Oct 2010
Songwon and Tangshan Baifu successfully conclude the formation of a joint venture for the manufacturing and sale of Thioester antioxidants
Ulsan, Korea – October 28, 2010 – Songwon Industrial Co., Ltd. and Tangshan Baifu Chemical Co. Ltd. announce that they have reached a definitive agreement to establish a joint venture to manufacture and sell Thioester antioxidants. The new company will be named Songwon Baifu Chemical Co. Ltd. and will be operational effective Q1, 2011, subject to all necessary legal approvals. The new company will have a capacity of 6.000 tons of Thioester antioxidants. Songwon will initially own a 30% share of the new company with the option to expand its shareholding to 50%. The joint venture will sell the Thioester products directly to the Chinese market, however, it will use the Songwon global network for all sales outside of China.
28 Oct 2010
Songwon and Tangshan Baifu sign agreement to establish a joint venture for the manufacturing and sale of Thioester antioxidants
Ulsan, Korea – October 28, 2010 – At a press conference held today in Düsseldorf, Germany during the K 2010 exhition, Songwon Industrial Co., Ltd. and Tangshan Baifu Chemical Co. Ltd. signed the agreement to establish a joint venture to manufacture and sell Thioester antioxidants. The new company will be named Songwon Baifu Chemical Co. Ltd. and will be operational effective Q1, 2011, subject to all necessary legal approvals. The new company will have a capacity of 6.000 tons of Thioester antioxidants. Songwon will initially own a 30% share of the new company with the option to expand its shareholding to 50%. The joint venture will sell the Thioester products directly to the Chinese market, however, it will use the Songwon global network for all sales outside of China.
K 20106 Oct 2010
Songwon Group announces a positive performance for Q2 2010
Ulsan, Korea – October 6, 2010
• Songwon’s Q2 2010 results continue on a positive trend. Songwon Group achieved a net profit of 7.0 Billion KRW for Q2 2010 and a net profit of 13.3 Billion KRW for the first half of 2010.
• Songwon announced an LOI to acquire a share in one of the major Chinese Thioesters manufactures as part of its Chinese and Global strategy.
• Songwon has announced the introduction of innovative solution for the UV stabilization of PP surface protection.
• Service, cost competitiveness, product range extension and safety remain key priorities.
30 Sept 2010
Salient in Additives - a clear demonstration of commitment to the customer from Songwon - on show at K2010 in Hall 6, Stand C79
Ulsan, Korea – September 30, 2010 – The K2010 exhibition will provide an opportunity for Songwon to demonstrate its continued commitment to the Polymers industry through its key initiatives of providing customers security of supply, focusing on economy of scale and backward integration, developing and innovating its product portfolio, creating a global presence, delivering One-Pack Systems (OPS) and complying with current and future product regulations. To Songwon Salient in Additives means to establish role model performance in the supply of additives!
18 Aug 2010
Songwon announces global price increases for its range of Plastic Additives
Ulsan, Korea – August 18, 2010 – 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 5 and 15% effective on orders received on or after September 1, 2010, or as contracts allow.
29 Jul 2010
Songwon continues to lead on environmental protection and energy savings
Ulsan, Korea – July 29, 2010 – Songwon Industrial Co. Ltd. has announced the start up of its third incinerator and the installation of photovoltaic solar panels at its Ulsan production site.
