13 Nov 2020
SONGWON Industrial Group (www.songwon.com) today announced its financial results for the 3rd quarter ending September 30, 2020. In Q3/2020, the Group achieved consolidated sales of 195,237 Mil. KRW, marking a 6.3% decline in revenue compared to sales for Q3/2019 (208,388 Mil. KRW). During Q3/2020, the EBITDA increased by 7.3% to 24,349 Mil. KRW and the Group recorded a net profit increase of 19.8% (8,746 Mil. KRW) over Q3/2019. SONGWON achieved YTD September 2020 consolidated sales of 603,925 Mil. KRW.
23 Sep 2020
Following the launch of SONGFLAME® at K-2019, SONGWON has further developed its proprietary halogen-free technology and is adding a new product to its portfolio of flame-retardant synergists.
8 Sep 2020
SONGWON Industrial Co., Ltd. (www.songwon.com) today announced that it has signed an exclusive distribution agreement with First Quality Chemicals, a leading specialty chemicals distributor in Mexico, for the coatings, adhesives, sealants and elastomers (CASE) markets.
14 Aug 2020
SONGWON Industrial Group (www.songwon.com) today announced its financial results for the second quarter of 2020. Over the quarter, the Group achieved consolidated sales of 198,145 Mil. KRW which, when compared to Q2/2019, marked a 9.3% decrease in revenue. However, the year-to-date (YTD) June 2020 sales revenues of 408,688 Mil. KRW were comparably in line with and remained almost at the same level as the first six months of 2019 (408,884 Mil. KRW). In Q2/2020, the Group saw its gross profit margin increase by 1.4%-points to 21.1% over Q1/2020.
25 May 2020
Songwon Industrial Co., Ltd. announced today that it has signed an exclusive distribution agreement with Biesterfeld France. As from May 1, 2020, Biesterfeld France has been exclusively distributing the SONGWON polymer stabilizer range in France.
19 May 2020
SONGWON Industrial Co., Ltd. announced today that it has signed two exclusive distribution agreements for the distribution of its comprehensive range of polymer stabilizers: Bodo Möller Chemie Benelux N.V. has been supplying customers in Belgium, Luxemburg and the Netherlands since January 1, 2020, and Bodo Möller Chemie UK Ltd took on responsibility in the United Kingdom and Ireland on May 1.
15 May 2020
SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the first quarter of 2020, ended March 31, 2020. After a challenging finish to 2019, SONGWON experienced a solid start to the new year with sound growth and increased revenue: In Q1/2020, the Group achieved consolidated sales of 210,543 Mil. KRW and reported a 27.4% increase in net profit (11,182 Mil. KRW) in the first quarter 2020 over Q1/2019. Compared to the first quarter of 2019, the gross profit margin in Q1/2020 decreased slightly from 20.9% to 19.7%. However, both the EBITDA and EBIT margins increased respectively in the first quarter to 12.8% and to 8.8%.
9 Apr 2020
To ensure reliable supply of its products and provide on-the-spot services for customers in the growing Canadian market, SONGWON has entered a partnership with A. S. Paterson Company Ltd., an established distributor of performance chemicals across the region.
8 Apr 2020
SONGWON Industrial Group has signed an exclusive agreement with Bodo Möller Chemie Russia LLC for the distribution of SONGNOX® fuel & lubricant antioxidant additives in Russia, Belarus and Kazakhstan.
3 Apr 2020
Songwon Industrial Co., Ltd. (www.songwon.com) the 2nd largest manufacturer of polymer stabilizers in the world, and key global player in the specialty chemicals business announced today that it has made changes to its leadership structure to streamline the company moving forward.
5 Mar 2020
SONGWON Industrial Group (www.songwon.com) today reported its financial results for FY 2019. SONGWON’s overall consolidated sales revenues for FY 2019 amounting to 814,340 Mil. KRW which marks a 3.2% increase compared to the consolidated sales for FY 2018 (788,738). After continuing to concentrate on its core business throughout the year, the result achieved in FY 2019 was SONGWON’s highest sales result since the company was founded.
19 Dec 2019
As announced at the European Coatings Show (ECS) this year, SONGWON is further developing and expanding its range of bisphenol (BP) monomers and dicyclopentadiene (DCPD) phenol resins. High-purity BP-Z crystalline bisphenol and tetramethyl (modified) bisphenol (TMBP) are now being produced on an industrial scale, while the dicyclopentadiene epoxy resin modifier range ERM-6100, introduced at the ECS, is already well established in the market and being used, for example, in specialty resins in Asia.