23 Mar 2011
Songwon announces global price increases for its range of Thioester Antioxidants
Ulsan, Korea – March 23, 2011 – Songwon Industrial, a leading developer and manufacturer of polymer additives, will increase global prices for its range of Songnox® Thioester Antioxidants - Songnox® DSTDP, Songnox® DLTDP, and Songnox® DTDTP. The increases will range between 10 to 25% effective on orders received on or after March 27, 2011, or as contracts allow.
These adjustments are the result of very rapid and significant increases in the cost of Stearyl and Laurel based raw materials. Additionally, in the first two months of 2011, the Malaysian PKO index - Palm Kernel Oil, a precursor to the alcohols required to produce the Thioesters - was up by over 40% compared to the fourth quarter of 2010.
Songnox® Thioesters are produced at the Songwon Baifu Chemical Co. Ltd. Plant in China.
Reader enquiries
Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
Notes for editors
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songnox® One Pack Systems, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™Tin Intermediates, Songbrite™ Optical Brighteners, Songcizer™ Plasticizers for the plastics industry, as well as lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Songwon China Ltd., Songwon Trading (Shanghai) Ltd., SSBC Songwon Shanghai Brilliant Chemicals Ltd., Songwon International – India, and Songwon Japan KK.
Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.
Songcat, Songbrite, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.
Editorial enquiries
Giulia Boratto
SONGWON Industrial Group
Kevin Noels
Marketing Solutions NV