SONGWON
A leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.
Headquartered in South Korea, SONGWON is one of the world’s leading manufacturers of polymer stabilizers. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.
Songwon Industrial Co., Ltd.Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
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.
14 May 2024
SONGWON announces Q1/2024 financial results
SONGWON Industrial Group today released its financial results for the 1st quarter of 2024. During Q1/2024, the Group achieved consolidated sales of 255,752 Million KRW marking a 4.3% decline in revenue over sales generated in the same quarter of the previous year (Q1/2023: 267,167 Million KRW). SONGWON reported a similar gross profit margin of 15.3% in the first 3 months of the year when compared to the 1st quarter of 2023 (Q1/2023: 15.4%) and a net profit of 6,662 Million KRW (Q1/2023: 10,626 Million KRW).
13 May 2024
SONGWON signs The Antwerp Declaration for a European Industrial Deal
Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, has signed The Antwerp Declaration for a European Industrial Deal. Together with 1000 industry signatories representing 25 sectors across Europe, SONGWON will be strengthening the competitiveness, sustainability and resilience of European industrial production, facilitating the transition towards a greener economy and developing sustainable practices across the industrial value chain in Europe.
6 May 2024
SONGWON NPE 2024 Press Kit
NPE® is the largest plastics trade show in the Americas. With more than 1 million net square feet of exhibit space including must-see technology zones, and over 2,000 exhibiting companies, NPE brings the newest and most innovative plastics solutions together in one space every three years.
30 Apr 2024
SONGWON The American Coatings Show 2024 press kit
The American Coatings Show is the leading North American coatings industry event, setting trends for future developments in the industry. Attending the show facilitates immediate business opportunities, access to a complete portfolio of high-grade competitive products, and myriad networking and connection opportunities.
29 Apr 2024
SONGWON presents its broad range of sustainable additives at NPE 2024
Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, will be exhibiting at the National Plastics Exposition (NPE) 2024 in Orlando, Florida. Over the 5-day event, SONGWON will highlight its commitment as a leading provider of high-performance additives and services designed to help customers in the plastics industry optimize the sustainability of their products.
23 Apr 2024
SONGWON showcases its advanced coatings stabilizers at ACS 2024
Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player, is presenting its sustainable, high-performance coating stabilizers at the American Coatings Show (ACS) 2024 in Indianapolis, USA.
22 Apr 2024
SONGWON presents its high-performance additives at NPE 2024
Songwon Industrial Co., Ltd., one of the largest manufacturers of polymer stabilizers in the world and a key global specialty chemicals player is demonstrating its leading role as an innovative, reliable supplier of high-performance additives for the plastics industry at the National Plastics Exhibition (NPE) 2024 from May 6th -10th. At Booth S11203, visitors can explore SONGWON's comprehensive range of high-performance additives that protect a wide range of polymers and end-products, particularly against the degrading effects of high temperatures and solar radiation.
28 Feb 2024
SONGWON announces FY2023 financial results
SONGWON Industrial Group today released its financial results for FY 2023. In the 4th quarter of 2023, SONGWON Industrial Group recorded consolidated sales of 245,709 Million KRW with a gross profit margin of 11.6%, representing a -17.4% decline in revenue and a -5.5%-points reduction in the gross profit margin compared to Q4/2022. The net profit for Q4/2023 stood at 2,893 Million KRW (Q4/2022: 8,459 Million KRW). SONGWON ended 2023 with overall consolidated sales totaling 1,029,975 Million KRW, 22.5% lower than the previous year (FY2022: 1,329,509 Million KRW).
19 Jan 2024
SONGWON announces price increase and freight surcharge for Polymer Stabilizers and Coatings
Songwon Industrial Co., Ltd. announced today that it is implementing a price increase and adding a freight surcharge on its Polymer Stabilizers and Coatings products in response to the impacts on costs and lead times caused by the current global logistics situation.
14 Nov 2023
SONGWON announces Q3 2023 financial results
SONGWON Industrial Group today released its financial results for the 3rd quarter of 2023. During Q3/2023, the Group achieved consolidated sales of 247,867 Million KRW marking a decline in revenue over sales generated in the same quarter of the previous year (350,731 Million KRW). In the 3rd quarter, SONGWON reported a gross profit margin of 14.7% (Q3/2022: 21.9% Million KRW) and a drop in net profit to 9,372 Million KRW when compared to the 3rd quarter in 2022 (41,376 Million KRW).
