Additives
23 Sep 2020
SONGWON expands its range of SONGFLAME® WB flame-retardant synergists
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.
30 Jul 2020
CHEMLOGIS and SANITIZED AG: New strategic sales partnership for the Sanitized® antimicrobial polymer additives in Mexico
SANITIZED customers in the polymer industry in Mexico will profit from CHEMLOGIS’s expertise and established sales network. The Sanitized® antimicrobial additives for hygiene function and material protection for polymers will be marketed in Mexico by our new sales partner.
29 May 2020
ELIX Polymers joins the fight against COVID-19 with biocompatible ABS grades for medical devices
Leading ABS producer ELIX Polymers is collaborating with a large group of companies within ClusterMAV, the Advanced Materials Cluster of Catalonia, Spain, in the fight against COVID-19. The partners are working in collaboration with the National Federation of Innovative Business Groups and Clusters (FENAEIC), which focuses on promoting collaboration between federations, clusters and their partners, within the European Cluster collaboration platform.
25 May 2020
SONGWON enters a new distribution agreement with Biesterfeld Spezialchemie
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 enters two new distribution agreements with Bodo Möller Chemie
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 announces solid Q1/2020 financial results
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%.
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