Additives


SONGWON Industrial Group releases Q1/2018 Financial Results

SONGWONUlsan, South Korea – May 15, 2018 – SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the first quarter of 2018, ended March 31, 2018. Recording a positive start to the year, the Group achieved sales of 190,472 Mil. KRW, marking an increase in revenue of 8.9% when compared to sales in Q1 of the previous year (Mil. KRW 174,965). During Q1/2018, EBITDA and EBIT margins increased to 12.4% and to 8.1% respectively.

SONGWON reiterates its commitment to the Chinese plastics industry at Chinaplas 2018

SONGWON reiterates its commitment to the Chinese plastics industry at Chinaplas 2018.
(Photo: SONGWON Industrial Co., Ltd.)Ulsan, South Korea – April 24, 2018 – SONGWON Industrial Group, the second largest manufacturer of polymer stabilizers in the world, is once again exhibiting at this year’s Chinaplas in Shanghai, China (Stand J45 in Hall 8.2H). The company will be showcasing its solutions designed to match industry needs, including light and heat stabilizers, antioxidants, thermoplastic polyurethanes, PVC stabilizers and plasticizers.

SONGWON Industrial Group reports strong sales performance in FY 2017

SONGWONUlsan, South Korea – March 26, 2018 – SONGWON Industrial Group (www.songwon.com) today reported its financial results for FY2017. In Q4/2017 ended December 31, 2017, sales continued to grow and SONGWON achieved consolidated revenues of 724.9 Billion KRW with a 4.4% increase year-over-year. Although not reaching the same level as the previous year, the results in 2017 were achieved in a far more challenging environment, demonstrating SONGWON’s resilience and ability to continue to deliver a good performance.

SONGWON begins large scale manufacture of functional monomers in Ulsan, South Korea

SONGWON’s Ulsan team after successful startup of the new DCPD phenol monomer production line.
(Photo: SONGWON Industrial Co., Ltd.)Ulsan, South Korea – March 20, 2018 – Having started to develop functional monomers about two years ago, SONGWON has now begun bulk manufacture at its production site in Ulsan, South Korea. These monomers provide resins and polymers with special functions, one of the most important being improvement of the physical and chemical properties of the final product. Applications include resins, sealants, adhesives and engineering plastics designed for use in coatings, the automotive sector and electronic packaging.

SONGWON starts production of SONGNOX® 5650 at its plant in India

SONGWON starts production of SONGNOX® 5650 at its plant in India.
(Photo: SONGWON Industrial Co., Ltd.)Ulsan, South Korea – February 7, 2018 – To ensure the availability of SONGNOX® 5650 worldwide, SONGWON has started to manufacture the product at its Panoli plant in Gujarat, India.

SONGWON announces global price increases for its polymer stabilizers

SONGWONUlsan, South Korea – November 27, 2017 – SONGWON is raising the price of the majority of its polymer stabilizers.

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