7 Mar 2014
Songwon Industrial Group concludes 2013 with strong Q4 growth and solid full year financial results
Highlights
- Sales growth of 1.8% in 2013 compared to 2012
- Net profit of 22,927 Mil. KRW, an increase of 12.1% versus 2012
- Strong performance in core business Polymer Stabilizers, growing 12.5% year over year
26 Nov 2013
Songwon Industrial Group achieves steady progress with solid results for the third quarter 2013
Highlights
- Solid financial results for Q3 contribute to the steady progress made by Songwon during 2013
- Strong growth in core Polymer Stabilizers business with sales increasing by 9.3% YTD 2013 compared to 2012
- Gross profit margin adjusted for idle capacity variances slightly increased from 17.6% to 18.3% YTD, driven by planned productivity improvements
- YTD EBIT Margin increases from 6.0% to 6.9% compared to prior year
21 Oct 2013
K 2013: Songwon – Taking the lead in regulatory affairs and product stewardship
Ulsan, Korea - October 21, 2013 - Songwon Industrial Group (www.songwon.com) is dedicated to sustainability which is clearly demonstrated in how it is meeting or exceeding stringent environmental and health & safety regulations and initiatives. This is being driven by a commitment to produce and sell products that use less of the Earth’s resources and which can be safely used by the value chain. Songwon’s global customers can continue to meet their environmental and health & safety goals, being ensured that they do not only use products that meet all these regulations, but will also receive expert support on the complexities of compliance, registration and certification.
18 Oct 2013
K 2013: Songwon launches SONGXTEND™ product line, a new and innovative stabilization package for polymers

- SONGXTEND™ stabilizers, a new product family that offers benefits along the entire value chain from polymer production to end-use
- SONGXTEND™ stabilizers enable more robust and efficient processing as well as outstanding performance in line with todays requirements of the polyolefin industry
16 Oct 2013
K 2013: Songwon further expanding its range of innovative stabilizer solutions

- Songwon - reliably delivering essential and innovative products
- Songwon - expanding its portfolio of world class products – launch of SONGXTEND™ product line at K 2013
- Songwon - investing in technology and capacity to meet the needs of its customers
2 Oct 2013
Rolf Drewes joins Songwon as Vice President Business Sector Specialty Chemicals
Ulsan, Korea - October 2, 2013 - Songwon Industrial Group (www.songwon.com) strengthens its leadership team by appointing Dr. Rolf Drewes as Vice President Business Sector Specialty Chemicals, effective October 1st, 2013. Drewes brings 25 years of industry experience and an excellent international track record of leading technically challenging business units and building up new markets.
18 Sept 2013
ソンウォン、
日本担当テクニカルセールスマネージャーに
大野修氏を任命
ウルサン・韓国 – 2013年9月18日 – プラスチック産業向けの添加剤や化学品の生産・供給のグローバルリーダーであるSongwonグループ(松原産業株式会社・本社:韓国ウルサン市、www.songwon.com、以下Songwon)は、2013年8月1日付けで、日本担当テクニカルセールスマネージャーに大野修氏を任命した。大野氏は、同社日本法人であるソンウォンインターナショナルジャパン株式会社(本社:東京都港区)に所属する。Songwonは、より良い品質、サービスおよび価値の提供を通じて、顧客から選ばれるサプライヤーとなるための取り組みを行っている。大野氏はソンウォンインターナショナルジャパンに新設されたポジションに就き、日本市場におけるSongwonの成功と成長計画を実現する上で重要な役割を担う。
5 Sept 2013
Songwon demonstrates environmental stewardship with its first Sustainability Report
Ulsan, Korea - September 5, 2013 - Songwon Industrial Group (www.songwon.com) is pleased to announce it has completed its first Sustainability Report. The Songwon Sustainability Report is an organizational report that gives information about economic, environmental, social and governance performance and is part of a systematic sustainability reporting initiative that gives comparable data, with agreed disclosures and metrics.
22 Aug 2013
Songwon Industrial Group announces stable gross profit development for first half of 2013
Key Developments
- Sales and gross profit margin remain stable despite challenging market conditions
- Gross profit for the first half year increases 2.4% to 65,570 Mil. KRW compared to the same period in 2012. The adjusted gross profit encompassing capacity variances is significantly higher than in prior half year (+9.5%)
- Net profit for the first half of 2013 at 8,240 Mil. KRW reflects the solid gross profit performance offset by a range of factors, including increased investments in the expansion of the Group and in performance improvement measures leading to higher SG&A expenses, unfavorable FX impacts as well as higher tax expenses due to expected increasing profits in Korea.
19 Aug 2013
Songwon assigned credit rating is upgraded to BBB+ based on solid business results, growth and stability
Ulsan, Korea - August 19, 2013 - Songwon Industrial Co., Ltd. (www.songwon.com) announces that two key Korean rating agencies, Korea Investors Service and Korea Ratings Corporation have assigned the company with BBB+. Songwon's credit outlook is rated as 'Stable' supported by its solid business foundation, good cash generation capacity and financial reserves for planned investments. (Source Korea Investors Service)
18 Jul 2013
Songwon announces global price increases for its range of Polymer Stabilizers and Specialty Antioxidants
Ulsan, Korea - July 18, 2013 - Songwon Industrial Co., Ltd. (www.songwon.com), a leading developer and manufacturer of Polymer Additives, will increase the global selling prices of its Polymer Stabilizers and Specialty Antioxidants products. The increase will range between 5% and 8% effective on orders received on or after August 15, 2013, or as contracts allow.
3 Jul 2013
Songwon has appointed Cord Manegold as Global Business Manager Main Antioxidants and Blends
Ulsan, Korea - July 3, 2013 - Songwon Industrial group (www.songwon.com) has appointed Cord Manegold as Global Business Manager for Main Antioxidants and Blends, a position he started as of July 01, 2013.
