Additives
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13 Aug 2025
SONGWON Industrial Group announces Q2/2025 Financial Results
Today, SONGWON Industrial Group published its Q2 and HY financial results for the 2025 financial year. Over the quarter, the Group achieved consolidated sales of 265,408 million KRW, marking a decrease in revenue of 3.0% over the same quarter of the previous year (Q2/2024: 273,521 million KRW). Year-to-date (YTD), the Group generated consolidated sales of 541,161 million KRW, representing an increase of 2.2% over YTD June 2024 (529,273 million KRW). Impacted by ongoing margin pressure and increased labor costs following a court decision in Korea earlier in the year, SONGWON recorded a loss of 1,481 million KRW in Q2/2025 and a profit of 3,376 million KRW for H1/2025, down from 10,575 million KRW and 17,237 million KRW, respectively, in the corresponding periods of the previous year. The Group achieved a gross profit margin of 14.6% in Q2/2025 and 14.7% in H1/2025.
12 Aug 2025
SONGWON expands partnership with Biesterfeld across Southeastern Europe
Songwon Industrial Co., Ltd. announced today that it has expanded its longstanding partnership with Biesterfeld Spezialchemie GmbH.
Songwon Industrial Co., Ltd., one of the world’s leading manufacturers of polymer stabilizers and a key global player in specialty chemicals, highlights its commitment to the industry and customers at K2025.
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.
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.