13 Aug 2025
SONGWON Industrial Group announces Q2/2025 Financial Results
Today, SONGWON Industrial Group published its Q2 and HY financial results for the 2025 financial year. Over the quarter, the Group achieved consolidated sales of 265,408 million KRW, marking a decrease in revenue of 3.0% over the same quarter of the previous year (Q2/2024: 273,521 million KRW). Year-to-date (YTD), the Group generated consolidated sales of 541,161 million KRW, representing an increase of 2.2% over YTD June 2024 (529,273 million KRW). Impacted by ongoing margin pressure and increased labor costs following a court decision in Korea earlier in the year, SONGWON recorded a loss of 1,481 million KRW in Q2/2025 and a profit of 3,376 million KRW for H1/2025, down from 10,575 million KRW and 17,237 million KRW, respectively, in the corresponding periods of the previous year. The Group achieved a gross profit margin of 14.6% in Q2/2025 and 14.7% in H1/2025.
12 Aug 2025
SONGWON expands partnership with Biesterfeld across Southeastern Europe
Songwon Industrial Co., Ltd. announced today that it has expanded its longstanding partnership with Biesterfeld Spezialchemie GmbH.
10 Jul 2025
SONGWON highlights its long-standing commitment to customers at K 2025
Songwon Industrial Co., Ltd., one of the world’s leading manufacturers of polymer stabilizers and a key global player in specialty chemicals, highlights its commitment to the industry and customers at K2025.
Songwon Industrial Co., Ltd. is pleased to announce that Jaewon Choi has been appointed the new Leader Business Unit Tin Intermediates / PVC, effective July 1st, 2025.13 May 2025
SONGWON Industrial Group releases Q1/2025 financial results
SONGWON Industrial Group today released its financial results for the 1st quarter of 2025. The Group reported an increase in revenue of 7.8% in Q1/2025 (275,753 Million KRW) compared to sales generated in Q1/2024 (255,752 Million KRW). In the first 3 months of 2025, SONGWON delivered a gross profit of 40,743 Million KRW, marking an increase of 4.1% when compared to the gross profit achieved in the same period of the previous year (Q1/2024: 39,134 Million KRW). Net profit in Q1/2025 was 4,857 Million KRW, down from 6,662 million KRW in Q1/2024, primarily due to elevated labor costs following a recent court ruling in Korea that impacted companies operating in the country, as well as ongoing margin pressure.
Songwon Industrial Co., Ltd. announces the completion of a planned CFO succession, effective April 1st, 2025.5 Mar 2025
SONGWON announces FY2024 financial results
SONGWON Industrial Group today reported its financial results for FY 2024. The Group achieved revenues of 255,148 Million KRW in the 4th quarter of 2024, 3.8% higher than revenues achieved in the final quarter of 2023. (Q4/2023: 245,709 Million KRW). In Q4/2024, the Group achieved a net profit of 16,359 Million KRW, 465.5% higher than the prior-year quarter (Q4/2023: 2,893 Million KRW). SONGWON recorded a gross profit margin of 16.6% in Q4/2024, representing a 5.0%-point increase compared to the gross profit margin in Q4/2023 (11.6%). SONGWON reported strong consolidated sales of 1,070,200 Million KRW in FY2024, a 3.9% rise when compared to FY2023 (1,029,975 Million KRW) and a gross profit margin of 16.5% (FY 2023: 14.6%). SONGWON ended FY/2024 with a net profit of 45,088 Million KRW, 29.4% higher than the previous year (FY2023: 34,847 Million KRW).
12 Feb 2025
SONGWON presents advanced coatings stabilizers at ECS 2025
Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, will present its sustainable, high-performance coatings stabilizers at the European Coatings Show (ECS) 2025 in Nuremberg, Germany.
6 Jan 2025
SONGWON partners with Altek International to distribute PVC in the Middle East
Songwon Industrial Co., Ltd. is pleased to announce that its Sub Business Unit PVC has entered into a new distribution partnership with Altek International FZE in the Middle East to respond to the region’s growing demand for innovative and sustainable PVC solutions. Effective January 1st, 2025, the collaboration will significantly enhance SONGWON's presence in the region.
13 Nov 2024
SONGWON Industrial Group announces Q3/2024 Financial Results
SONGWON Industrial Group today published its Q3 financial results for 2024. During the quarter, SONGWON achieved consolidated sales of 285,779 Million KRW and reported a net profit of 11,492 Million KRW. When compared to the sales (Q3/2023: 247,867 Million KRW) and net profit (Q3/2023: 9,372 Million KRW) recorded in the previous year, this marked an increase of 15.3% and 22.6% respectively. For Q3/2024, SONGWON reported a gross profit margin of 17.6%, an increase of 2.9%-points from Q3/2023 (14.7%).
14 Aug 2024
SONGWON Industrial Group releases Q2/2024 Financial Results
SONGWON Industrial Group today released its Q2 and HY financial results for 2024. In the 2nd quarter of 2024, SONGWON achieved consolidated sales of 273,521 Million KRW, reflecting a 1.6% increase over Q2/2023 (269,232 Million KRW). Year-to-date (YTD), the Group realized consolidated sales of 529,273 Million KRW, marking a slight decrease of 1.3% over YTD June 2023 (536,399 Million KRW). For YTD June 2024, the Group’s gross profit margin was 15.9%, maintaining the same level as the corresponding period in 2023.
22 Jul 2024
SONGWON awarded platinum level by EcoVadis for its sustainability achievements
Songwon Industrial Co., Ltd., one of the world’s largest manufacturers of polymer stabilizers is proud to announce that it has been awarded a Platinum medal from EcoVadis for its sustainability performance. Scoring 85 out of a maximum of 100 points, this rating places SONGWON in the top 1% of the 73,000 companies assessed by EcoVadis across the globe.
