24 Oct 2014

Songwon and UTS enter cooperation agreement to supply additives to SIBUR

Ulsan, Korea - October 24, 2014 - Songwon Industrial Co., Ltd. (www.songwon.com) and its distributor United Trading System (UTS) have signed a long-term cooperation agreement to supply the Russian petrochemical company, SIBUR with additives used in polypropylene, polyethylene, rubbers, thermoplastic rubbers and PVC. Under the agreement, Songwon will also provide SIBUR with technical support for stabilizers in end-use applications.

14 Aug 2014

Songwon Industrial Group reports stable sales in Q2/2014

• Sales for Q2 with 172,909 Mil. KRW stable compared to 2013
• Gross profit of 23,927 Mil. KRW for Q2, a 25.6% shortfall compared to Q2/2013 due to increased production costs
• Strong recovery reported in U.S., Europe and Japan
• Expansion strategy continues with successful acquisition of SeQuent's specialty chemicals business in India

Ulsan, Korea – August 14, 2014 – Songwon Industrial Group (www.songwon.com) today reported its audited results for Q2 achieving sales of 335,808 Million KRW for the first half of the year. Revenue has increased by 6.14% quarter over quarter when compared to sales of the previous quarter (Q1/2014: 162,899 Mil. KRW).

6 Aug 2014

Songwon successfully completes SeQuent Specialty Chemicals business acquisition and continues expansion strategy

Ulsan, Korea - August 6, 2014 - Songwon Industrial Group's acquisition of SeQuent's Specialty Chemicals business, which includes the polymer stabilizer business, the production site in Panoli and the local R&D division, has been successfully completed according to plan.

22 May 2014

Songwon Industrial Group increases prices for Organo-Tin product range

Ulsan, Korea - May 22, 2014 - Songwon Industrial Co., Ltd. (www.songwon.com) one of the leading global polymer stabilizer manufacturers, has announced an up to 20% price increase for its n-octanol based Organo-Tin products. The increase is effective immediately, or as contracts allow.

15 May 2014

Songwon Industrial Group reports sales decrease for Q1 2014

Ulsan, Korea - May 15, 2014 - Songwon Industrial Group (www.songwon.com) today reported its audited results for Q1 achieving sales of 162,899 Mil. KRW. This is a -6.6% decrease versus the same period last year and a -3.6% slip compared to sales of the previous quarter. The result is mainly due to the unusual global economic situation driven by low economic activity combined with high volatility at the end of 2013. Customers were reducing inventories and were placing orders with shorter lead times than usually.

24 Apr 2014

Songwon Industrial Group acquires the Specialty Chemicals Division of SeQuent Scientific Limited

Songwon Industrial Group, Korea and SeQuent Scientific Limited, India - April 24, 2014 - Songwon Industrial Group and SeQuent Scientific Limited have signed an agreement whereby Songwon will acquire SeQuent's specialty chemicals business. The acquisition includes SeQuent's entire polymer stabilizer business and one production site in Panoli, Gujarat, together with the local R&D team. The parties expect the transaction to be closed in Q3, 2014, subject to few customary closing conditions.

16 Apr 2014

Songwon announces global price increase for its entire range of SONGNOX® Antioxidants

Ulsan, Korea - April 14, 2014 - Songwon Industrial Co., Ltd. (www.songwon.com) one of the leading global polymer stabilizer manufacturers, will increase its global selling price of the SONGNOX® Antioxidants product range by 5 - 8% depending on product family. The increase will be effective on orders received on or after May 15, 2014, or as contracts allow.

2 Apr 2014

Songwon presents new trendsetting-stabilizers at VDI Plastics in Automotive Engineering Congress 2014

Ulsan, Korea - April 2, 2014 - Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world, will introduce its SONGXTEND™ stabilizer solutions tailored to the needs of the automotive industry at the VDI Plastics in Automotive Engineering Congress in Mannheim, Germany (April 2-3, 2014).

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

Ulsan, Korea - March 7, 2014 - Songwon Industrial Group (www.songwon.com) is pleased to announce that sales and profits continued to grow in Q4 2013, contributing to overall growth for the full year. Sales revenues reached 169,062 Mil. KRW for the fourth quarter, an increase of 11.5% on Q4 2012, contributing to total sales of 692,164 Mil. KRW for the full year 2013, an increase of 1.8% compared to 2012.

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

Ulsan, Korea – November 26, 2013 – Songwon Industrial Group (www.songwon.com) is pleased to announce steady progress with improved results for Q3 and the first nine months of 2013. Sales revenues in Q3 2013 of Mil. KRW 175,800 represent an increase of 0.8% in comparison to the same period in 2012. The detailed Q3 2013 financial results report, which is compliant with Korean International Financial Reporting Standards (“K-IFRS”), can be downloaded at: www.songwon.com/en/investors/financialresults.