Songwon strengthens its presence in the Middle East and Africa

Ulsan, Korea – November 24, 2009 – Songwon Industrial Co. Ltd., a global leader in polymer additives, is pleased to announce the opening of its headquarters for the Middle East and Africa in Bahrain. The opening of the Songwon Industrial Company Limited – Representative Office follows the recent establishment of Songwon’s local warehouse facilities, also in Bahrain. The new regional facility will be lead by Mr. Peter Fleming who has been nominated Sales Director Middle East and Africa.

Jongho Park, Chairman and CEO of Songwon Industrial, said: “It gives me great pleasure to announce the opening of our regional headquarters in Bahrain. Focus on the Middle East is a key element of Songwon’s strategy to develop geographical coverage and service levels.The demand for our core products in the region is growing rapidly and the Middle East is becoming one of the most important markets for us. We have chosen Bahrain because it is particularly well located to efficiently serve the region. The prior opening of our warehouse has allowed us to establish a very efficient and reliable supply chain to support the needs of our customers in the region. With our support team based in the region our ability to understand and respond to customer’s requirements will be greatly enhanced.”

Mr. Park went on to say: “I am also very happy that Mr. Peter Fleming joined us, he is a great addition to our team. Peter has many years of experience in the chemical industry and particularly in additives. The Middle East and Africa is a vast and complex region, Peter has held several key positions in different parts of the world which will allow us to meet the challenges we face with confidence.”

“Having established this firm foundation and commitment to our customers, it is our clear intention to continue developing our presence in the region, Peter and his team will continue to evaluate options to achieve this goal,” he concluded.

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