30 Apr 2021
SONGWON establishes new entity in China
Songwon Industrial Co., Ltd., announces the establishment of its new business entity in China, SONGWON International-Qingdao Co., Ltd. The new organization will ensure that SONGWON remains well-positioned to continue providing customers in this important strategic region with high quality products and service.
15 Apr 2021
SONGWON announces exclusive distribution partnership with Chemo International Inc.
Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and key global player in the specialty chemicals business is pleased to announce that it has entered a distribution partnership with Chemo International Inc., for its Business Unit (BU) Coatings.
3 Mar 2021
SONGWON Industrial Group reports stable results for FY 2020
SONGWON Industrial Group (www.songwon.com) today released its financial results for FY 2020. During Q4/2020, revenues recovered and amounted to 203,843 Million KRW on December 31, 2020, marking a 3.4% increase compared to the same quarter of 2019. SONGWON recorded overall consolidated sales of 807,768 Million KRW for FY 2020 which was slightly lower (-0.8%) than the consolidated sales in FY 2019 (814,340 Million KRW).
18 Feb 2021
SONGWON further streamlines its leadership structure
Songwon Industrial Co., Ltd. (www.songwon.com) the 2nd largest manufacturer of polymer stabilizers in the world, and key global player in the specialty chemicals business announced today that it has made further changes to its leadership structure to streamline the company moving forward.
8 Feb 2021
SONGWON announces global price increases for its polymer stabilizers
SONGWON Industrial Co., Ltd. announced today that prices for all its polymer stabilizers products will be raised by up to 10%, depending on the product line and region.
13 Jan 2021
SONGWON appoints Makwell Plastisizers as its exclusive distributor for PVC additives in India
SONGWON Industrial Co., Ltd. announced today that as of December 2020, Makwell Plastisizers Pvt Ltd (Makwell) based in Mumbai is its exclusive distributor for PVC additives in India.
10 Dec 2020
SONGWON further strengthens its ongoing commitment to China’s coatings industry
Over the past year, SONGWON Industrial Group www.songwon.com, the 2nd largest manufacturer of polymer stabilizers in the world, has continued to strengthen its commitment to the coatings industry in China. In order to better serve customers, SONGWON has steadily built up an extensive network of highly competent and experienced distributors throughout China to expand and promote its offering to the region’s Coatings market.
7 Dec 2020
SONGWON announces global price increases due to higher freight rates
SONGWON Industrial Co., Ltd. announced today that prices for all its products will be raised by 2-5%, depending on business line and region.
13 Nov 2020
SONGWON Industrial Group reports Financial Results for Q3/2020
SONGWON Industrial Group (www.songwon.com) today announced its financial results for the 3rd quarter ending September 30, 2020. In Q3/2020, the Group achieved consolidated sales of 195,237 Mil. KRW, marking a 6.3% decline in revenue compared to sales for Q3/2019 (208,388 Mil. KRW). During Q3/2020, the EBITDA increased by 7.3% to 24,349 Mil. KRW and the Group recorded a net profit increase of 19.8% (8,746 Mil. KRW) over Q3/2019. SONGWON achieved YTD September 2020 consolidated sales of 603,925 Mil. KRW.
23 Sept 2020
SONGWON expands its range of SONGFLAME® WB flame-retardant synergists
Following the launch of SONGFLAME® at K-2019, SONGWON has further developed its proprietary halogen-free technology and is adding a new product to its portfolio of flame-retardant synergists.
8 Sept 2020
SONGWON and First Quality Chemicals enter distribution partnership for Mexico
SONGWON Industrial Co., Ltd. (www.songwon.com) today announced that it has signed an exclusive distribution agreement with First Quality Chemicals, a leading specialty chemicals distributor in Mexico, for the coatings, adhesives, sealants and elastomers (CASE) markets.
