5 Feb 2016
Songwon announces price increases for Organo Tin Intermediates
Ulsan, Korea – February 5, 2016 – Songwon Industrial Co., Ltd. today announced price increases up to 15% on its entire range of Organo Tin Intermediates, including SONGCAT® DOTO and SONGCAT® DBTO used in Japan’s PVC-stabilizer and Coating industries.
The increase is effective for all orders invoiced on or after January 1, 2016, or as contracts allow.
The price increase is being implemented to offset the unfavorable impact caused by overall cost changes in the past 24 months. Commenting, Philippe Schlaepfer, EVP Performance Chemicals Division, Songwon Industrial Co., Ltd. said: “Songwon’s commitment to supplying high quality products and customer specific service to the Japanese market remains key to our long term strategy in Japan. Organo Tin Intermediates is a core part of Songwon’s portfolio, so it is important for us to achieve satisfactory profitability that enables us to reinvest and continue to ensure long term supply security to Japan’s industries.”
Further information on Songwon 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 19 companies including 2 joint ventures (JV) and 2 representative offices, located in 10 different countries on 3 continents. The company has 10 manufacturing facilities, 3 of which are located in Korea, and the others in Germany, China, USA, India, UAE, as well as 2 manufacturing JV plants in China, one of which is currently under construction. Songwon also has a worldwide network sales and customer service offices, logistics hubs and stocking distributors.
For more information, please go to: www.songwon.com.
Editorial enquiries
Giulia Boratto
SONGWON Industrial Group
Kevin Noels
Marketing Solutions NV
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