27 Oct 2014
Songwon increases price on its entire range of Polymer Stabilizers in Japan
Ulsan, Korea - October 27, 2014 - Songwon Industrial Co., Ltd. has announced a 15% price increase for its Polymer Stabilizers in Japan. The increase is effective November 15, 2014, or as contracts allow.
The price adjustment is necessary to offset the unfavorable impact caused by the depreciation of the Japanese yen against the U.S. dollar and other major currencies over the past twenty four months. Dieter Morath, Executive Vice President of Songwon International AG commented: “Until now, Songwon has absorbed these impacts but we are not able to do this any longer. To ensure that we remain in a strong position to face future market challenges, it is necessary to bring our business back to reasonable profit margins.”
The price increase affects all of Songwon’s Polymer Stabilizers, including SONGNOX® Antioxidants and blends, SONGNOX® Thioesters, SABO®STAB HALS, SONGSORB® UVAs, SONGSORB® Hydroxybenzoates and SONGNOX® OPS products.
Further information on Songwon’s products is available at: www.songwon.com.
Reader enquiries
Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
Notes for editors
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is the 2nd largest manufacturer of polymer stabilizers in the world with an almost 50 year history of breakthrough solutions. A leader in the development and production of additives and specialty chemicals, Songwon provides added-value products and innovative solutions to the plastics industry.
The company’s extensive product portfolio includes polymer stabilizers, alkylphenols and alkylcresols, PVC stabilizers, plasticizers, tin intermediates, polyurethanes, SAP and flocculants.
With headquarters in Ulsan, Korea, the Songwon Industrial Group comprises 17 companies including 2 joint ventures and 1 representative office, located in 9 different countries on 3 continents. The company has 7 manufacturing facilities, 3 of which are located in Korea, Germany, China, USA, India as well as a manufacturing JV plant in China. Songwon also has a worldwide network sales and customer service offices, logistics hubs and stocking distributors.
Editorial enquiries
Giulia Boratto
SONGWON Industrial Group
Kevin Noels
Marketing Solutions NV
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