Polymers
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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.
Syensqo, a global leader in advanced performance materials and chemical solutions, has introduced the market’s first peroxide-curable FFKM polymers made entirely without fluorosurfactants from the PFAs family of chemicals, using its proprietary Non-Fluorosurfactant (NFS) technology.
Syensqo, a leading global provider of high-performance materials and chemical solutions, is pleased to announce that Pigeon Corporation has decided to use its circular Duradex™ polyphenylsulfone (PPSU) ECHO for their premium SofTouch™ nursing bottles. This high-purity food-contact polymer is produced with 38% certified circular feedstock, attributed by mass balance and verified under the International Sustainability and Carbon Certification (ISCC) PLUS regime.
Syensqo, a leader in specialty polymers, announces a capital investment to expand Ryton® PPS (polyphenylene sulfide) compounding capability at the Augusta manufacturing site in Georgia, US.
Syensqo, a leading global provider of high-performance materials and chemical solutions, has introduced White Radel®, the latest innovation in its portfolio of Radel® polyphenyl sulfone (PPSU) solutions for durable biopharma applications, surgical instruments and medical devices. The new product is considerably whiter than traditional medical grade Radel® PPSU compounds.