Additives
The companies featured on PressReleaseFinder are active in several industries.
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.
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%).
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.
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.