BPC Chemical Technologies signed an exclusive distribution agreement of Songwon polymer stabilizers

Moscow, Russia – November 7, 2007 – BPC Chemical Technologies has been appointed as the exclusive distributor for Songwon products in the Russian Federation, Ukraine, Belarus and CIS countries.

The core of Songwon’s portfolio includes antioxidants, UV-stabilizers, UV-absorbers, acid scavengers and metal deactivators, which are used both in polymer manufacturing and in the prime and recycling processing of polymers. Already a major supplier of phenolic, aminic, phosphite and thioester antioxidants, in April 2007, Songwon added another world scale dedicated facility for antioxidants in Maeam, South Korea.

According to Irina Pavlova, Managing Director of BPC Chemical Technologies: “Having supplied antioxidants and other polymer stabilizers for more than 7 years, it is clear to us that our fast growing markets need to be served by suppliers which share the same commitment to the growth of the industry."

“We are very proud to have been chosen as the exclusive partner for Songwon for this rapidly growing market. Their proven track record and investment in product development will compliment our established position as a respected supplier of a wide range of high quality products,” continued Irina Pavlova. “Today Songwon is a key manufacturer of antioxidants with a total annual production capacity of more than 55,000 tons. Songwon’s products are approved by the most important technology licensors in the field of basic polymer production and sold to all major polymer producers globally. Songwon and BPC Chemical Technologies will be an unbeatable combination in meeting the demands of our customers in terms of quality, quantity and innovation, now and in the future.”

Dieter Morath, Executive Vice President Songwon International, commented, “We are committed to continue to grow our business globally and our vision is to become the preferred solution provider to our customers. Establishing efficient channels to our products and services has led us to invest in new headquarters in Frauenfeld, Switzerland and Houston, Texas as well as a new regional office in Mumbai, India. We have extended our product range and have added a second major antioxidant production facility. We are now extending our reach into the fast growing market of Russia and its neighboring countries. For that we have chosen BPC Chemical Technologies as our exclusive distribution channel, recognizing that BPC Chemical Technologies is the most experienced and professional player in our field of industries in these markets."

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