15 May 2014

Songwon Industrial Group reports sales decrease for Q1 2014

Ulsan, Korea - May 15, 2014 - Songwon Industrial Group (www.songwon.com) today reported its audited results for Q1 achieving sales of 162,899 Mil. KRW. This is a -6.6% decrease versus the same period last year and a -3.6% slip compared to sales of the previous quarter. The result is mainly due to the unusual global economic situation driven by low economic activity combined with high volatility at the end of 2013. Customers were reducing inventories and were placing orders with shorter lead times than usually.

24 Apr 2014

Songwon Industrial Group acquires the Specialty Chemicals Division of SeQuent Scientific Limited

Songwon Industrial Group, Korea and SeQuent Scientific Limited, India - April 24, 2014 - Songwon Industrial Group and SeQuent Scientific Limited have signed an agreement whereby Songwon will acquire SeQuent's specialty chemicals business. The acquisition includes SeQuent's entire polymer stabilizer business and one production site in Panoli, Gujarat, together with the local R&D team. The parties expect the transaction to be closed in Q3, 2014, subject to few customary closing conditions.

16 Apr 2014

Songwon announces global price increase for its entire range of SONGNOX® Antioxidants

Ulsan, Korea - April 14, 2014 - Songwon Industrial Co., Ltd. (www.songwon.com) one of the leading global polymer stabilizer manufacturers, will increase its global selling price of the SONGNOX® Antioxidants product range by 5 - 8% depending on product family. The increase will be effective on orders received on or after May 15, 2014, or as contracts allow.

2 Apr 2014

Songwon presents new trendsetting-stabilizers at VDI Plastics in Automotive Engineering Congress 2014

Ulsan, Korea - April 2, 2014 - Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world, will introduce its SONGXTEND™ stabilizer solutions tailored to the needs of the automotive industry at the VDI Plastics in Automotive Engineering Congress in Mannheim, Germany (April 2-3, 2014).

7 Mar 2014

Songwon Industrial Group concludes 2013 with strong Q4 growth and solid full year financial results

Highlights

• Sales growth of 1.8% in 2013 compared to 2012
• Net profit of 22,927 Mil. KRW, an increase of 12.1% versus 2012
• Strong performance in core business Polymer Stabilizers, growing 12.5% year over year

Ulsan, Korea - March 7, 2014 - Songwon Industrial Group (www.songwon.com) is pleased to announce that sales and profits continued to grow in Q4 2013, contributing to overall growth for the full year. Sales revenues reached 169,062 Mil. KRW for the fourth quarter, an increase of 11.5% on Q4 2012, contributing to total sales of 692,164 Mil. KRW for the full year 2013, an increase of 1.8% compared to 2012.

26 Nov 2013

Songwon Industrial Group achieves steady progress with solid results for the third quarter 2013

Highlights

• Solid financial results for Q3 contribute to the steady progress made by Songwon during 2013
• Strong growth in core Polymer Stabilizers business with sales increasing by 9.3% YTD 2013 compared to 2012
• Gross profit margin adjusted for idle capacity variances slightly increased from 17.6% to 18.3% YTD, driven by planned productivity improvements
• YTD EBIT Margin increases from 6.0% to 6.9% compared to prior year

Ulsan, Korea – November 26, 2013 – Songwon Industrial Group (www.songwon.com) is pleased to announce steady progress with improved results for Q3 and the first nine months of 2013. Sales revenues in Q3 2013 of Mil. KRW 175,800 represent an increase of 0.8% in comparison to the same period in 2012. The detailed Q3 2013 financial results report, which is compliant with Korean International Financial Reporting Standards (“K-IFRS”), can be downloaded at: www.songwon.com/en/investors/financialresults.

21 Oct 2013

K 2013: Songwon – Taking the lead in regulatory affairs and product stewardship

Ulsan, Korea - October 21, 2013 - 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 only use products that meet all these regulations, but will also receive expert support on the complexities of compliance, registration and certification.

18 Oct 2013

K 2013: Songwon launches SONGXTEND™ product line, a new and innovative stabilization package for polymers

• 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

Ulsan, Korea - October 18, 2013 - Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world, today launches its SONGXTEND™ product line at K 2013 in Düsseldorf. The SONGXTEND™ product family offers innovative stabilization packages that solve a number of key issues encountered during processing, conversion and the end-use life cycle of polyolefins. SONGXTEND™ products are commercially available today and the product range will be expanded continuously to meet emerging customer needs.

16 Oct 2013

K 2013: Songwon further expanding its range of innovative stabilizer solutions

• Songwon - reliably delivering essential and innovative products
• Songwon - expanding its portfolio of world class products – launch of SONGXTEND™ product line at K 2013
• Songwon - investing in technology and capacity to meet the needs of its customers

Ulsan, Korea - October 16, 2013 - At K 2013, Songwon (www.songwon.com), the world’s second largest supplier of additives to the global polymer industry, is demonstrating how their continued investment is meeting the needs of their customers for the security of supply of reliable and innovative stabilizer solutions.

2 Oct 2013

Rolf Drewes joins Songwon as Vice President Business Sector Specialty Chemicals

Ulsan, Korea - October 2, 2013 - 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.