20 Apr 2011
At Chinaplas 2011 Songwon confirms its successfully executed China strategy and announces the next steps in establishing a market leading position
Ulsan, Korea – April 20, 2011 – Just 12 months after the announcement of its business structure in China, Songwon Industrial Co., Ltd. is pleased to be attending Chinaplas 2011 as an established and respected player in the Chinese polymer additives market. Songwon can be found at Chinaplas Hall 12.2, Booth: D11.
Songwon China Ltd., a wholly owned subsidiary of Songwon Industrial Co., Ltd. based in Hong Kong, is the investment arm into an increasing number of Songwon entities in China. Songwon Shanghai Trading Ltd. is the main operational company where sales and sourcing activities on behalf of the global Songwon group will be conducted. Chemservice Asia Co. Ltd. complements these activities by providing an unparalleled service in regulatory advice and is an authority on REACH compliance in China.
Songwon Baifu Chemical Co. Ltd. is a joint venture with Tangshan Baifu Chemical Co. Ltd. to manufacture and sell Thioester antioxidants and will be fully incorporated by mid 2011 with a fully backward integrated capacity of 6000 tons.
Customer acceptance of the value that Songwon delivers has driven the need for a full analytical laboratory to be located in Shanghai and will be operational by the end of 2011. The new facility will become a centre of excellence for specialty chemical analysis, as well as providing quality control for sourced products.
“We are very pleased with the progress we have made in China in such a short time”, stated Jongho Park, Chairman and President of Songwon Industrial Co., Ltd. “The commitment we made to customers in China has been recognized and we are being rewarded by growth and long term business commitments. This is driving the need for extended services, such as the analytical laboratory, and the extension of our product range. Songwon Baifu will be influential in China and will provide world class Thioester antioxidant products to our other key regions. We are also establishing long term relationships with home based suppliers to ensure a secure stream of raw materials, intermediates and finished products that meet our high standards and competitive market position.”
Reader enquiriesSONGWON Industrial Co., Ltd.
+41 52 635 0000
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.