Songwon maintains its high level of commitment to customers with the incorporation of Songwon Japan.

Ulsan, Korea – May 19, 2009 – Songwon is pleased to announce the establishment of Songwon Japan KK to confirm its position as global contender and regional leader in the polymer additives market.

Songwon Industrial Co., Ltd. has recently been recognised by Frost and Sulivan for its excellence in growth strategy and subsequent market penetration with the 2008 Frost & Sullivan Global Plastic Packaging Additives Market Growth Strategy Leadership Award.

A clear demonstration why Songwon has won this prestigious award is the incorporation of Songwon Japan KK, which will allow customers in Japan greater efficiency through local distribution of products and high level of local services..

“This is a logical step forward for us to make”, stated Jongho Park, Chairman and CEO of Songwon Industrial Co., Ltd. “It is in line with the Songwon International entities we have put in place in Europe and the Americas to make us a truly global leader in the polymer additives arena. Japan is the third largest plastics market globally, Songwon Japan KK recognizes the demand for our products and the need to meet the highest levels of service for this exciting and sophisticated market in line with Songwon’s global commitment to service excellence”.

Leading the team at Songwon Japan KK. is Mr. Ikuo Wakasugi who joined the Songwon group in April 2009. With more than 30 years of experience in the polymer additives industry in Japan Mr. Wakasugi brings along an intimate understanding and knowledge of customers and market expectations enabling Songwon Japan KK to become a preferred partner to the Plastics Industry in Japan.

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