Press release
Songwon Baifu Chemicals JV now fully operational in thioester antioxidants
(Photo: Songwon Industrial Co., Ltd.)
“Songwon Baifu Chemicals (Tangshan) Co., Ltd. delivers an important component to our product portfolio,” stated Jongho Park, Chairman and CEO and Head of the Songwon Industrial Group Executive Committee. “We are committed to supplying the global market with a broad range of state of the art thioester products to complement our extensive range of polymer stabilizers. Our customers will benefit from the strong technical capabilities of our partner, Tangshan Baifu Chemical Co. Ltd., who, like ourselves, has had the foresight to invest in worldscale capacity and backwards integration of key intermediates. In combination with Songwon’s global reach this results in world class economics, quality and security of supply.”
Weiqi Zhang, Chairman of Tangshan Baifu Chemical Co. Ltd. and now Chairman of Songwon Baifu Chemicals (Tangshan) Co., Ltd., commented: “Our strong commitment and long standing expertise in operating a world class thioester plant, is perfectly balanced with Songwon’s global presence, broad product range and complementary technologies. We are very happy to be able to contribute all of Baifu’s key production assets, buildings and land to the newly formed JV. The synergies of both partners will be of great benefit to the customer having access to leading edge thioester antioxidant technology through a trustworthy, global sales and support network.”
Thioesters such as DLTDP, DSTDP, DTDTP and DMTDP, marketed and sold as Songnox® Thioester Antioxidants, are widely used in PE, PP, ABS, HIPS, polyester and polyamide, as well as other materials.
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer and seller of Songnox® Antioxidants, Songnox® One Pack Systems, Sabostab® and Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™ Tin Intermediates, 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 Holdings AG, Songwon International AG, Songwon International – Japan K.K., Songwon China Ltd., Songwon Industrial Co. Ltd. Representative Office Bahrain, Songwon Additive Technologies AG, Songwon ATG GmbH, Songwon International – Americas Inc., Songwon International – India Pvt. Ltd., Songwon Trading Co. Ltd, Songwon Chemicals Co. Ltd. and Songwon Baifu Chemicals (Tangshan) Co., Ltd.
Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.
Songcat, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.
Sabostab is a registered trade mark of Sabo S.p.A.
Lelyweg 6
4612 PS
Bergen op Zoom
The Netherlands
Tel: 0031 164 317 211
Email: info@marketingsolutions.be
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