Adhesives
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.
10 Apr 2025
Syensqo’s Heanor site in the UK achieves ISCC-PLUS accreditation
Syensqo, a global leader in advanced materials and chemical solutions, proudly announces that its Heanor site[1] in the United Kingdom has achieved third-party accreditation for the production of its ReGen portfolio of composite materials.
5 Feb 2025
Syensqo presents its latest high-performing and sustainable coating solutions at ECS 2025
Syensqo, formerly part of Solvay Group, will showcase new additives, specialty monomers and green solvents at this year’s European Coatings Show (ECS) in Nuremberg, Germany. The company’s latest innovations are designed to enable step-change improvements in the durability and sustainability profile of paint and coating formulations.
3 Dec 2024
Archroma Packaging Technologies Joins NC State's SAFI Consortium
Archroma Packaging Technologies is proud to announce that they have joined North Carolina State's College of Natural resources research consortium, the Sustainable and Alternative Fibers Initiative (SAFI) which aims to study, develop and promote the utilization of alternative fibers for packaging, hygiene, textiles and other products. Archroma Packaging Technologies is the latest to join the more than 20 global entities who have partnered with SAFI across the fiber, packaging, tissue, and textile markets.
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%).
25 Jul 2024
Syensqo and Orbex sign collaboration agreement to develop next-generation space launch systems
Syensqo, a global provider of advanced materials, and Orbex, a leader in private space launch services, signed a strategic collaboration agreement to enhance the development and deployment of next-generation aerospace technologies. Syensqo and Orbex will collaborate on the integration of Syensqo's advanced adhesive, composite and specialty polymer materials into Orbex's launch vehicles to drive advancements in the performance, durability and sustainability of orbital launch systems.
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