Additives
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%).
19 Sep 2024
Perstorp completes offer of C8-C10 Oxo Alcohols utilizing synergies with owner PETRONAS Chemicals Group Berhad
Leading specialty chemicals provider Perstorp completes its offer of C8-C10 Oxo Alcohols, by introducing Isononanol (INA), Iso-Dodecene and Oxo Oil 9N to the product portfolio. The new complete offer is made possible by utilizing synergies with Perstorp parent company PETRONAS Chemicals Group Berhad (PCG), one of the largest integrated chemicals producers in Southeast Asia and part of the PETRONAS Group. The plant has been operational since early August.
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.
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.
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.
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