Plastics
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.
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.
15 Jul 2025
KRAIBURG TPE sets strong accents in the development of new compounds for food contact and fire protection environments
Soon after it was founded in 1952, the “K” established itself as the world's leading trade fair for the manufacture and processing of plastics and rubber. The extensive three-year cycle in which it has been held ever since ensures an enormously high density of information and innovation within the overall show of exhibits on display there. Expectations are correspondingly high when Düsseldorf hosts around 180,000 trade fair visitors in “K fever” in the second week of October 2025! KRAIBURG TPE has already been preparing for this for several months. 150 square meters of the approximately 175,000 square meters of exhibitor space will once again be reserved for the TPE manufacturer from Waldkraiburg on the renowned “Gummistraße” (with stand location “Hall 6, booth #C58-03”).
30 Jun 2025
Syensqo and Terma strengthen partnership with the signature of a new agreement
Syensqo, a global leader in advanced materials, and Terma, renowned for its mission-critical solutions in aerospace, defense and security, signed a strategic collaboration agreement. Both parties committed to developing a growth framework to foster collaboration and leverage each partner’s expertise and resources to advance joint initiatives.
24 Jun 2025
Syensqo introduces orange-colored grades for critical electric vehicle components
Syensqo, a leader in advanced materials and specialty chemicals, proudly announces the launch of its latest innovation, Amodel® PPA HFFR-4133 Orange (OR).
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