Chemservice and Songwon announce the formation of “Chemservice Asia Company Ltd.” a joint venture regulatory affairs consultancy

Seoul, Korea – March 3, 2010 – Songwon Industrial Co., Ltd., (Ulsan/Korea) and Chemservice S.A. (Grevenmacher/Luxembourg) announced that they have launched the regulatory affairs consulting company "Chemservice Asia Co. Ltd." registered in Seoul, Korea as of February 1st, 2010.

“The fast developing chemical control legislation in the Asian region is driving growing demand for regulatory affairs competence in Asia”, said Dr. Dieter Drohmann, Managing Director of the Chemservice Group. “At Chemservice we have a substantial network and knowledge of the chemical industry and its related value chain, together with outstanding experience in regulatory affairs and international chemical control legislation. To join forces with Songwon, a partner who not only brings expertise and experience in the Asian region, but also excellent laboratory and technology skills, will enable Chemservice Asia to deliver an unparalleled quality of service”.

Jongho Park, Chairman and President of Songwon Group complemented, “Chemservice Asia will combine global regulatory affairs expertise together with EHS skills and chemical process competence. The remit is to be a strategic partner for the chemical and polymer related industry, by identifying opportunities to gain competitive advantage through the regulatory process”.

He continued, “Providing regulatory support in Asia is one of the strategic promises that Songwon made to our rapidly expanding customer base, this joint venture takes us to customers beyond our core business reach. We are very excited to be working with Chemservice S.A. The knowledge they bring puts us once again into a leadership position in delivering a unique and valued service”.

Chemservice Asia will be located in

Songwon Building 59-4

Banpo-4-Dong, Seocho-gu

Seoul, Korea

Phone +82-2-536-6232

www.chemservice-asia.com

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