Chemicals
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.
7 Aug 2025
Clariant advances plastics stabilizer technology with expanded production and new applications
In a strategic move to address escalating global demand, Clariant has unveiled significant advancements in its stabilizer portfolio, combining expanded production capacity in China with innovative applications that enhance performance in artificial turf applications and medical sectors.
29 Jul 2025
Archroma and Veermata Jijabai Technological Institute (V.J.T.I.) forge strategic partnership to advance research and sustainability
Archroma, a global leader in sustainable specialty chemicals, has entered into a strategic collaboration with Veermata Jijabai Technological Institute (V.J.T.I.), Mumbai, to advance research and innovation in green chemistry and sustainable technologies. This strategic partnership brings together industry expertise and academic excellence to tackle some of today’s most pressing environmental challenges.
29 Jul 2025
Clariant Catalysts and Shanghai Electric launch alliance to advance China’s energy transition
Clariant, a sustainability-focused specialty chemical company, today announced that it has signed a strategic cooperation agreement with Shanghai Boiler Works, a full subsidiary of Shanghai Electric, specializing in energy conversion and the development of new energy applications, to jointly foster innovation in sustainable energy solutions. The partners will combine their expertise to advance green energy projects in China. The agreement is the result of close and successful cooperation in Shanghai Electric’s new biomass-to-green methanol plant in Taonan, Jilin Province, China. In addition to supplying its MegaMax catalysts, Clariant provided technical on-site support during the successful startup of the 50,000 tons/y plant. The second phase of the project, with a capacity of 200,000 tons/y green methanol and 10,000 tons/y SAF, is expected to start production in 2027. The ceremony for the official signing of the partnership contract took place last week at the Clariant Innovation Center in Frankfurt, Germany.
24 Jul 2025
Syensqo and cylib reach a milestone in lithium recovery from spent electric vehicle batteries
Syensqo and cylib have reached a significant milestone in circular battery materials processing by producing high-purity lithium hydroxide from spent EV batteries. This collaboration marks a major advancement in the recovery of valuable materials, as very few recycling companies today can produce lithium at battery-grade, especially lithium hydroxide, the preferred form of lithium for new EV batteries.
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