Press release
Songwon announces the expansion of its antioxidants capacity
Songwon announces the expansion of its antioxidants capacity (Photo: Songwon Industrial Co. Ltd.)
Jongho Park, Chairman and CEO of Songwon Industrial Co., Ltd. commented; “In 2006 we made a commitment to customers to drive reliability of supply and competitiveness through economies of scale and backward integration from a state of the art facility in Maeam, Korea. Maeam was from the outset dedicated to key antioxidants with critical intermediates fully integrated into the manufacturing process. In 2009 we took backward integration a step further by investing in an isobutylene plant based on proprietary technology. In order to enhance our competiveness and to consolidate our position as partner of choice for the polymer industry, we have now decided to integrate the production of Songnox® 1076 into Maeam. This will create the best possible manufacturing platform for this product in line with our strategy to maximize backward integration and economies of scale. We believe that Maeam is now the biggest plant in the world dedicated to key anitoxidants based on a fully integrated manufacturing process.”
Maurizio Butti, CEO of Songwon International added: “In 2007 we told the market that they could “count on us” for their polymer stabilizers requirements. This move once more shows our continuous commitment to support the polymer industry. This decision is particularly important because this allows Songwon to create additional capacity, not only for Songnox® 1076, but for all our antioxidants as well as enhancing our production flexibility. These two aspects are paramount to our commitment to customers in periods of strong demand, when product availability is critical”. Maurizio concluded: “Last but not least, we will take this opportunity to introduce a new enhanced physical form for Songnox® 1076. The new product, Songnox® 1076 SB will upgrade critical properties making it more robust and easier to handle and will deliver clear benefits for our customers”.
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songnox® One Pack Systems, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™Tin Intermediates, Songbrite™ Optical Brightners, Songcizer™ Plasticizers for the plastics industry, as well as lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Songwon Trading (Shanghai) Ltd., Songwon International – India, and Songwon Japan KK.
Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.
Songcat, Songbrite, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.
Marketing Solutions
Kevin Noels
P.O. Box 58
4600 AB Bergen op Zoom
The Netherlands
Tel: +31 164 317 011
E-mail: knoels@marketingsolutions.be
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