Additives
1 Jul 2025
SONGWON appoints new Leader Business Unit Tin Intermediates / PVC
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.
10 Jun 2025
Palsgaard introduces Einar® 987 anti-fouling additive for the PE and PP polymerisation process as a safer alternative to ethoxylated amines
Palsgaard A/S, a leader in plant-based additives for the plastics industry, has introduced a safe, sustainable anti-fouling additive for the polypropylene and polyethylene polymerisation process. Developed from renewable raw materials, the food-grade additive Einar® 987 has been developed to address concerns about the ethoxylated amine (EA) chemistry currently used.
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.
24 Apr 2025
SONGWON appoints new CFO
Songwon Industrial Co., Ltd. announces the completion of a planned CFO succession, effective April 1st, 2025.
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.
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%).
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