27 Jan 2011
Songwon focuses on local customer support with Caldic as new distribution partner for France and the Benelux
Ulsan, Korea – January 27, 2011 – Songwon, a global leader in the manufacture and delivery of additives for the plastics industry, has chosen Caldic as its distribution partner in France and the Benelux region. The new partnership took effect on January 1, 2011.
21 Jan 2011
Songwon announces global price increases for its range of Plastic Additives
Ulsan, Korea – January 21, 2011 – Songwon Industrial, a leading developer and manufacturer of polymer additives, will increase global prices of its Songnox® antioxidants, Songlight® and Songsorb® UV stabilizers, Songstab™ acid scavengers as well as of its range of aminic antioxidants between 8 and 15% effective on orders received on or after March 1, 2011, or as contracts allow. This price increase is necessary to recover raw material cost increases and support continued investment in reliable supply.
17 Dec 2010
Songwon Group announces a positive performance for Q3 2010
Ulsan, Korea – December 17, 2010
• Songwon’s Q3 2010 results continued on a positive trend. Songwon Group achieved a net profit of 7.23 Billion KRW for Q3 2010 and a net profit of 20.54 Billion KRW for the first nine months of 2010.
• Songwon signed the definitive agreement to acquire a share in one of the major Chinese Thioesters manufacturers - Tangshan Baifu Chemical Co. Ltd.
• Songwon announced the signature of a MoU to acquire a major share of the Polymer Stabilizers business of HPL Additives Ltd. (India).
• Songwon announced the expansion of its antioxidants capacity at its Maeam facility with an additional 15.000 tons by August 2011, bringing the total to 70.000 tons.
• Songwon has announced the introduction of innovative solutions for PP fibers stabilization and for high heat, low colour and low emissions polyolefin applications.
• Service, cost competitiveness, product range extension and safety remain priorities.
16 Nov 2010
Songwon announces new and innovative additive formulations that boost properties and reduce emissions
Ulsan, Korea – November 16, 2010 – Songwon, a leading additives supplier to the polymer industry, announces the development of a new and innovative range of high heat, low color distortation, and low emission additive formulations for thermoplastics which deliver significant benefits to compounders, molders and end-users.
9 Nov 2010
Songwon introduces a new and innovative solution for PP Fiber Stabilization
Ulsan, Korea – November 9, 2010 – Songwon, a leading additives supplier to the polymer industry, announces the development of a new solution for PP Fiber stabilization in color critical applications.
2 Nov 2010
Songwon announces the expansion of its antioxidants capacity
Ulsan, Korea – November 2, 2010 – Songwon Industrial Co. Ltd. announces the expansion of its antioxidants capacity from 55.000 tons to 70.000 tons. The expanded capacity will be on stream from August 2011. The expansion is the result of the consolidation of the Songnox® 1076 production into Songwon’s new fully backwardintegrated Maeam plant.
29 Oct 2010
Songwon and HPL to form a Joint Venture for Polymer Stabilizers
Ulsan, Korea – October 29, 2010 – Songwon Industrial Co., Ltd. and HPL Additives Ltd. announce that they have signed a Letter of Intent to form Songwon HPL Additives PVT LTD.
Ulsan, Korea – October 29, 2010 – Songwon Industrial Co., Ltd. and HPL Additives Ltd. announce that they have signed a Letter of Intent to form Songwon HPL Additives PVT LTD.28 Oct 2010
Songwon and Tangshan Baifu successfully conclude the formation of a joint venture for the manufacturing and sale of Thioester antioxidants
Ulsan, Korea – October 28, 2010 – Songwon Industrial Co., Ltd. and Tangshan Baifu Chemical Co. Ltd. announce that they have reached a definitive agreement to establish a joint venture to manufacture and sell Thioester antioxidants. The new company will be named Songwon Baifu Chemical Co. Ltd. and will be operational effective Q1, 2011, subject to all necessary legal approvals. The new company will have a capacity of 6.000 tons of Thioester antioxidants. Songwon will initially own a 30% share of the new company with the option to expand its shareholding to 50%. The joint venture will sell the Thioester products directly to the Chinese market, however, it will use the Songwon global network for all sales outside of China.
28 Oct 2010
Songwon and Tangshan Baifu sign agreement to establish a joint venture for the manufacturing and sale of Thioester antioxidants
Ulsan, Korea – October 28, 2010 – At a press conference held today in Düsseldorf, Germany during the K 2010 exhition, Songwon Industrial Co., Ltd. and Tangshan Baifu Chemical Co. Ltd. signed the agreement to establish a joint venture to manufacture and sell Thioester antioxidants. The new company will be named Songwon Baifu Chemical Co. Ltd. and will be operational effective Q1, 2011, subject to all necessary legal approvals. The new company will have a capacity of 6.000 tons of Thioester antioxidants. Songwon will initially own a 30% share of the new company with the option to expand its shareholding to 50%. The joint venture will sell the Thioester products directly to the Chinese market, however, it will use the Songwon global network for all sales outside of China.
K 2010