31 Aug 2011

Songwon announces global price increases for its Songnox^® Range of Antioxidants

Ulsan, Korea – August 31, 2011 – Songwon Industrial, a leading developer and manufacturer of polymer additives, will increase global prices of its Songnox® antioxidants between 10 and 20% effective October 1, 2011, or as contracts allow. This price increase is necessary to recover the unprecedented raw material cost increases over the last two years and to support continued investment in reliable supply.

Reader enquiries

Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland

+41 52 635 0000

marketing@songwon.com

www.songwon.com

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.