openPR Logo
Press release

SONGWON highlights its sustainability focus at K2019

10-21-2019 11:50 AM CET | Industry, Real Estate & Construction

Press release from: Marketing Solutions

With small pragmatic steps, SONGWON seeks to become a sustainability-focused leading player in specialty chemicals. (Photo: Songwo

With small pragmatic steps, SONGWON seeks to become a sustainability-focused leading player in specialty chemicals. (Photo: Songwo

• SONGWON contributes to the circular economy
• SONGWON showcases sustainable solutions
• SONGWON highlights sustainability strategy

Ulsan, South Korea – October 18, 2019 – Songwon Industrial Co., Ltd., the 2nd largest manufacturer of polymer stabilizers in the world and a key global specialty chemicals player will be showcasing its sustainable solutions and highlighting its focus on sustainability and positioning as an enabler of circularity during K2019.

At SONGWON’s core lies the organization’s deep and long-term commitment to sustainability. The company is guided everyday by its sustainability vision, objectives and corporate values and aims to align ecological awareness with economic necessities and a heightened sense of social responsibility across all of its business activities. Dedicated to doing everything it can to contribute to a more sustainable world, SONGWON is using the opportunity at K2019 to demonstrate how its commitment and strategy are contributing to accelerating the transition towards a circular economy in the plastics industry, and how it is positioning itself to be an enabler of circularity.

“Today’s plastics industry players are seeking solutions that can meet the ever-evolving requirements for sustainability. SONGWON is responding to these needs by directing our innovation efforts towards improving the sustainability of plastics as well as supporting customers by applying our additive expertise and using specialty chemistry as a powerful enabler for transforming and reusing materials to create new solutions that close loops,” explains Olivier Keiser, Corporate Sustainability Officer (CSO).
“We’ve identified the major global issues relating to plastics, as well as industry trends and are focused on providing targeted solutions that signal both our confidence in plastic as a material and our aim to develop more sustainable and safer additive solutions within the plastic materials segments.” Keiser points out that SONGWON’s approach is a pragmatic one involving small but highly relevant steps over a period of time.

Sustainability and SONGWON
Keiser is SONGWON’s 1st CSO. He was appointed early this year and the strengthening of SONGWON’s in-house sustainability management function signals the organization’s increasing commitment to pursuing its sustainability strategy in partnership with selected stakeholders. SONGWON’s management drives the overall strategic objective to create lasting value by managing innovation, operations and business practices to meet the changing demands of the company’s markets, stakeholders and society. As one of the forerunners in the industry, SONGWON seeking to become a sustainability-focused leading player in the specialty chemicals.

Plastics add value every day to many areas of daily life and their broad spectrum of properties (flexibility, lightweight, durability and protection etc.) have made them popular. With consumers and policymakers demanding urgent action to stop single-use plastics, SONGWON is responding by looking for alternatives that can significantly contribute to reducing plastics’ negative impact while playing a part in improving recycling and reuse. Furthermore, it aims to raise public awareness of the benefits plastics provide but also of the urgent need for an overall more responsible management of plastics waste.

SONGWON offers a broad portfolio of products that positively contribute to sustainable development activities by extending the service life of plastics by making them more durable and thereby reducing unnecessary waste. The organization is also supporting the development of stronger, lighter weight materials which use less resources due to the use of the most suitable stabilization systems and contribute to reducing emissions in final products.

Keiser underlines that although “repair, refurbishing and recycling of products are already an industry reality, the role of additives and related manufacturing technologies as key circular economy enablers are just as important”.

Sustainable solutions
SONGWON is at K2019 with a spectrum of high-performance products for a wide range of applications that demonstrate its commitment to providing innovative solutions that improve the recyclability of plastics. SONGWON’s range of polymer stabilizers prolongs the lifetime of polymers, contributes to making materials reusable and stabilizes the polymer through the mechanical recycling step. In this way, SONGWON supports its customers to make their processes more ecological, faster and also more efficient and contributes to enabling the plastics industry to make a positive contribution to the environment.

Automotive interiors
For automotive manufacturers, SONGWON is exhibiting its solution for preserving the quality of recycled plastics which enable their use in under-the-hood applications such as engine room covers, cable ducts, battery housing etc. Apart from meeting the industry’s requirements of improved long-term heat stability, SONGWON’s innovative stabilizer blend, SONGXTEND® 2721 increases the quality and upgrades the performance of recycled-PP while extending its service life.

Agricultural films
Contributing to more sustainable agricultural applications, SONGWON will showcase SABO®STAB UV 216 which provides protection and extends the life of agricultural films, even when high levels of pesticides are used. SONGWON’s products are also used in the production of greenhouse and mulch films which both reduce water consumption levels.

Coatings manufacturing
Demonstrating its commitment to improving sustainability throughout the coatings value chain, SONGWON is showing its new collection of water-miscible products that were developed to meet the increased demand for environmentally acceptable additives. Combining the efficiency of conventional products with the benefits of water miscibility and low-to-zero VOC generation, but also of easy dosing and handling, the light stabilizers and antioxidant: SONGSORB® CS 400 WB, SONGSORB® CS AQ01 and SONGNOX® CS 2450 WB provide a synergistic stabilization package for water-based coating systems.

Flame retardant applications
Flame retardants play a very important role in avoiding fire risks in a broad range of applications ranging from electrical appliances to construction materials. At K2019, SONGWON is launching its first generation of SONGFLAME* synergists.
These enable the design of halogen-free formulations for a broad variety of materials, ranging from foams to various polymers such as polyolefins, acrylonitrile butadiene styrene (ABS) and thermoplastic polyurethane (TPU). Apart from thermoplastics, SONGFLAME technology is also recommended for thermosets, wood, coatings and adhesive applications.

* Trademark registration pending

Packaging
SONGWON’s range of solvent free adhesives for flexible packaging are also on display. Not only economically viable but also high performing, they cater for a wide range of customer needs as well as meet today’s EHS standards. SONGWON’s HI-THANE™ A-7332 / HI-THANE™ A-6200 solvent free polyurethane adhesive system for flexible packaging offers environmental benefits as well as excellent performance. Equipment is easier to clean and the solvent-free adhesive is 100% reactive meaning less energy is used during application, curing and transportation than in conventional systems.

Collaborating for the circular economy
Collaboration has enabled SONGWON to lead the way in sustainable packaging and label printing. Partnering with the German innovative packaging specialists, Berry bpi group, SONGWON is using specially developed heavy-duty PE-bags, made of recycled materials originating from different waste streams, including industrial printed bags that have already been used. SONGWON is one of the 1st chemical companies in the world to package its products in 20kg PE-bags made with 50% recycled PE, and the organization is aiming to increase this percentage to 80% without compromising the quality.

In addition, SONGWON is one of the 1st companies in the industry to use a fiber laser marking technology for full label printing where all the solvents required for de-inking the packaging is also continually recycled in a closed loop process.

“SONGWON has always recognized the value in collaboration,” says Keiser. “To progress we need to work closely with customers, suppliers and other relevant and engaged stakeholders. By collaborating and working together with our partners through the value chain and applying our experience and expertise, we are positioning SONGWON to drive the shift to the circular economy.”

Want to find out more about SONGWON and sustainability? SONGWON’s CSO Olivier Keiser, together with the company’s other global and local representatives will be in Hall 6, Booth B07 at K2019 waiting to share more information with you.

Further information on SONGWON can be found at: www.songwon.com.

Kevin Noels
Marketing Solutions
Box 6
2950 Kapellen
Belgium
Tel: +31 164 317 011
E-Mail: info@marketingsolutions.be

About Songwon Industrial Co., Ltd.
SONGWON, which was founded in 1965 and is headquartered in Ulsan, South Korea, is a leader in the development, production and supply of specialty chemicals. The second largest manufacturer of polymer stabilizers worldwide, SONGWON Industrial Group operates companies all over the world, offering the combined benefits of a global framework and readily accessible local organizations. Dedicated experts work closely together with customers to develop tailor-made solutions that meet individual requirements.

For further information, please go to: www.songwon.com.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release SONGWON highlights its sustainability focus at K2019 here

News-ID: 1852653 • Views: 280

More Releases from Marketing Solutions

SABIC Helps GRAMMER Lead Rail Industry with New Railway Seating Solution to Proa …
Here at InnoTrans 2012 at the Berlin Messe, Hall 5.1, booth #228, SABIC’s Innovative Plastics business is showcasing GRAMMER Railway Interior GmbH’s tough, new seat back shells and side panels for first-class railcars that comply with Europe’s upcoming CEN/TS 45445 harmonized standard for fire safety. Using SABIC’s new LEXAN™ FST (flame-smoke-toxicity) copolymer – which meets requirements for the highest hazard level (HL3) under CEN/TS 45445-2 – SABIC worked with GRAMMER
Songwon to present paper on High Heat, Low Emission Stabilizers at Innoplast Con …
Ulsan, Korea – September 20, 2012 – At the upcoming InnoPlast Conference “Plastics Modification Technologies via Additives, Compounding, Coatings & Processing”, Songwon will present a paper entitled “Substantial Improvements in the Thermal Stability of Thick-Section PP Parts using a Low Emissions Stabilizer”. The conference will take place in Las Vegas, USA, from October 17 - 19. Dr. John Mara, Manager Global Tech Service, Songwon International-Americas, USA, describes what he will
Raising the Bar with SABIC’s First Thermoplastic for Rail Seat Backs and Cover …
SABIC’s Innovative Plastics business today announced new LEXAN™ FST3403 (flame-smoke-toxicity) polycarbonate (PC) copolymer, the first thermoplastic solution for rail seating applications to meet the strictest fire safety requirements under the CEN/TS 45445 standard. Now commercial a full two years before this European standard goes into effect, new high-performance LEXAN FST3403 copolymer – developed specifically for seat back shells and side covers – achieved the highest possible hazard level rating (HL3)
SABIC’s World-Renowned LEXAN™ PC Resin & Customer Support Helps Fonckel B.V. …
When Fonckel B.V., a start-up company based in the Netherlands, needed expert assistance to turn the stunning design of its Fonckel One lamp – an interactive light emitting diode (LED) luminaire – into a commercial product, SABIC’s Innovative Plastics business was there to deliver its world-class customer support. With its robust portfolio of advanced thermoplastics for lighting applications, its Color Innovation Centre offering more than 18,000 color and diffusion effect

All 5 Releases


More Releases for SONGWON

SONGWON appoints its 1st Corporate Sustainability Officer
Ulsan, South Korea – April 02, 2019 – SONGWON Industrial Co., Ltd. announced today the appointment of Olivier Keiser as the organization's 1st Chief Sustainability Officer. In this newly-created role, Keiser will lead the development of the organization’s global sustainability strategy and ensure that a sustainability framework is embedded and aligned in SONGWON’s corporate strategy and planning. He will report directly to the company’s CEO, Maurizio Butti and also serve
Strong partners, SONGWON & SABO mark another milestone in their collaboration
Ulsan, South Korea – March 20, 2019 – SONGWON Industrial Group (www.songwon.com), the 2nd largest manufacturer of polymer stabilizers in the world and Sabo S.p.A. (www.sabo.com), a world leader in the development and manufacturing of hindered amine light stabilizers (HALS), today marked another milestone in their long-term collaboration. SABO’s recently launched its innovative light stabilizer system, SABO®STAB UV216 which was especially developed for tough agricultural applications and offers the industry
SONGWON announces global price increases for its polymer stabilizers
Ulsan, South Korea – June 29, 2018 – SONGWON Industrial Co., Ltd. announced today that prices for its polymer stabilizers products will be raised by up to 15%. These price increases are a consequence of the rising costs of resources and services, especially raw materials, energy and logistics. The new prices are effective as of July 1, 2018, or as contracts allow. About SONGWON Industrial Co., Ltd. SONGWON, which was founded in 1965 and
Songwon Industrial Group Releases Financial Results for Q2/2016
• Sales in Q2 totaled 179,071 Mil. KRW • Gross profit amounted to 47,988 Mil. KRW • The gross profit margin is at 26.8% • EBITDA increased to 20.0% Ulsan, Korea – August 12, 2016 – Today, Songwon Industrial Group (www.songwon.com) released its financial results for Q2. The Group announced sales of 179,071 Mil. KRW and a gross profit margin of 26.8% for Q2 - an increase of 6.7 percentage points compared to Q2/2015. For the
Songwon Industrial Group announces Financial Results for Q3/2014
• Sales in Q3 totaled 164,868 Mil. KRW • Gross profit amounted to 25,944 Mil. KRW • The gross profit margin for Q3 increased 1.9% points compared to Q2/2014 (13.8%) Ulsan, Korea - November 14, 2014 - Songwon Industrial Group (www.songwon.com) today announced its audited financial results for Q3. The Group achieved sales of 164,868 Mil. KRW. When compared to sales in Q3/2013 (Mil. KRW 175,800), revenue declined by 6.2%. Strong price competition together with a slow
Songwon demonstrates environmental stewardship with its first Sustainability Rep …
• Songwon is committed to contributing to sustainable global economic growth • Songwon’s Sustainability Report fully complies with GRI (Global Reporting Initiative) Ulsan, Korea – September 5, 2013 – Songwon Industrial Group (songwon.com) is pleased to announce it has completed its first Sustainability Report. The Songwon Sustainability Report is an organizational report that gives information about economic, environmental, social and governance performance and is part of a systematic sustainability reporting initiative that gives comparable