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Press Releases from Songwon Industrial Co., Ltd. (47 total)

SONGWON deeply saddened by unexpected death of CEO Maurizio Butti

Ulsan, South Korea – September 10, 2019 – The Board of Directors of SONGWON Industrial Group announced today, with deep sadness, the unexpected death of the company’s CEO, Maurizio Butti on Saturday, September 7th, 2019. Commenting, Jongho Park, Chairman of the Board said: “The entire SONGWON family mourns the sudden loss of our CEO. With the organization since 2006, Maurizio was an inspiring leader, managing the company with humor, integrity and

SONGWON announces new appointments in key leadership positions

Ulsan, South Korea – April 02, 2019 – SONGWON Industrial Co., Ltd. today announced leadership changes which enhance and expand the Company’s management team and optimally position the organization for continued value creation. Elena Scaltritti assumes the position as Division Leader of Industrial Chemicals for SONGWON which includes the Polymer Stabilizers and Fuel and Lubes businesses. She has also been appointed a member of the Executive Committee. Gerard Mulqueen will

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

SONGWON extends and enhances the value of its antioxidant product range

• New SONGNOX® 5057 stabilizer strengthens existing offer for polyols and polyurethanes • Applications include flexible polyurethane slabstock foams, elastomers and hot melt adhesives • Added value through production efficiency and scale Ulsan, South Korea – November 20, 2018 – To strengthen and add value to its range of stabilizers for polyols and polyurethane, SONGWON has developed and launched a new antioxidant, SONGNOX® 5057. SONGNOX® 5057 complements SONGWON’s already broad range of aminic, phenolic, phosphite and

SONGWON Industrial Group announces Financial Results for Q2/2018

• Sales increased by 5.9% over Q2/2017 to 197,841 Mil. KRW • The gross profit margin is at 18.1% (after K-IFRS 1115 applied) • Net profit amounted to 8,179 Mil. KRW Ulsan, South Korea – August 15, 2018 – SONGWON Industrial Group (www.songwon.com) today released its financial results for the second quarter of 2018. The Group achieved consolidated sales of 197,841 Mil. KRW and a gross profit margin of 18.1% (without impact from application of K-IFRS

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 underlines commitment to packaging industry and presents new ink binders …

Ulsan, South Korea – June 13, 2018 – SONGWON Industrial Group is exhibiting its expanding range of ink binders and adhesives at ProPak, Asia’s number one show for food, drink & pharmaceutical processing and packaging. A leading specialist in polyurethane ink binder technology for gravure and flexography printing inks and polyurethane laminating adhesives used in flexible packaging laminates, SONGWON will showcase its latest high-performance products and solutions. “Our presence at ProPak

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

• Solutions designed to match industry needs • Novel “one product one customer” antioxidant blends • Further developments in thermoplastic polyurethanes, PVC stabilizers and plasticizers • Joint ventures ensure manufacturing excellence and consistent supply to the Chinese market 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

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

• In-house manufacture ensures worldwide availability • High molecular weight, multifunctional antioxidant for elastomers and adhesives • Effective in low amounts, virtually no product loss during processing, no staining 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. SONGNOX® 5650 is a high molecular weight, multifunctional phenolic antioxidant primarily used as a post-polymerization process stabilizer for

SONGWON signs exclusive distributorship with Connell Bros. Co. for India

Ulsan, South Korea – February 1, 2018 – SONGWON Industrial Co., Ltd., the second largest manufacturer of polymer stabilizers in the world has signed an exclusive distributorship agreement in India with Connell Brothers, the largest marketer & distributor of specialty chemicals and ingredients in the Asia-Pacific region. Under the agreement, Connell Brothers will exclusively market and distribute SONGWON’s fuels and lubricant additives (including aminic, phenolic and phosphite) throughout India. The agreement

New, high performance binder for lamination inks helps to enhance print quality …

Ulsan, South Korea – October 6, 2017 – The flexible packaging industry is growing in complexity: as the variety of substrates widens and they become increasingly sophisticated, printing inks need to meet numerous, ever more demanding requirements. Inks for laminations have to withstand the lamination process and deliver the bond strength necessary for the respective application. They must also allow high speed printing and ensure excellent graphic quality. Binders are a

SONGWON Industrial Group releases Financial Results for Q2/2017

• Sales in Q2 totaled 186,742 Mil. KRW • Net profit amounted to 12,279 Mil. KRW • The gross profit margin is at 23.6% Ulsan, South Korea – August 15, 2017 – Today, SONGWON Industrial Group (www.songwon.com) released its financial results for the second quarter of 2017. The Group reported consolidated sales of 186,742 Mil. KRW and a net profit margin of 6.6% for Q2 - a decrease of 2.1% compared to Q2/2016. For the

SONGWON to meet key industry needs with its new pilot plant

Ulsan, South Korea – June 14, 2017 – SONGWON Industrial Co., Ltd. (www.songwon.com) announced today that its new pilot plant in Panoli (Gujarat), India has come onstream, thereby strengthening the organization’s overall specialty chemicals development capability. Built on SONGWON’s Indian site with all the necessary main unit operations, the new plant is equipped with the most up-to-date technologies and materials for producing a wide range of chemicals for a broad

SONGWON underlines its industry commitment at Chinaplas 2017

Pursuing its strategy to become a leading stabilizer supplier to the Chinese plastics industry, SONGWON Industrial Group, the 2nd largest manufacturer of polymer stabilizers in the world, is exhibiting at this years’ Chinaplas in Guangzhou, China from May 16-19. The Asia Pacific region’s largest plastics and rubber fair, Chinaplas is widely recognized by the industry as the 2nd most influential trade fair in the world after the K Fair in

SONGWON Industrial Group ends a good year with steady growth

• Sales in 2016 totaled 694,326 Mil. KRW • Gross profit was 178,049 Mil. KRW • Gross profit margin widened to 25.6% • EBITDA increased to 16.4% Ulsan, Korea – March 24, 2017 – SONGWON Industrial Group (www.songwon.com) today released its financial results for FY2016. In terms of sales, it was a very positive year overall for the organization with almost all product lines contributing to the Group’s growth despite the ongoing challenging economic environment. The company

SONGWON appoints Azelis as exclusive distributor for Morocco, Algeria and Tunisi …

Ulsan, Korea – February 2, 2017 – SONGWON Industrial Co., Ltd. (www.songwon.com) today announced that it has signed an agreement with Azelis Morocco for the distribution of SONGWON’s extensive range of products. Based in Casablanca, Azelis Morocco will be responsible for distributing SONGWON’s polymer stabilizers, tin intermediates, PVC stabilizers and polymers, and specialty chemicals products, effective 1st January 2016. SONGWON sees the agreement as an important step to expanding both its presence

SONGWON wins Frost & Sullivan’s 2016 New Product Innovation Award

Ulsan, Korea – October 20, 2016 – SONGWON Industrial Co., Ltd. (www.songwon.com) announced today that it has been honored with a 2016 New Product Innovation Award by Frost & Sullivan for its commitment to innovation in the polymer stabilizers market. Each year, the global consulting company Frost & Sullivan presents the New Product Innovation Award to a company that has developed an innovative element in a product by leveraging leading-edge technologies.

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 Q1/2016

• Sales in Q1 totaled 183,074 Mil. KRW • Gross profit increased over 2015 to 51,185 Mil. KRW • The gross profit margin is at 28.0% Ulsan, Korea – May 13, 2016 – Songwon Industrial Group (www.songwon.com) today reported its audited financial results for Q1/2016. The Group achieved sales of 183,074 Mil. KRW. When compared to sales in Q1/2015 (Mil. KRW 157,045), revenue increased by 16.6%. Songwon had a promising start to 2016. With

Songwon underlines its commitment to China’s polymer industry at Chinaplas 201 …

Ulsan, Korea – March 31, 2016 – Songwon Industrial Group (www.songwon.com), the 2nd largest manufacturer of polymer stabilizers in the world, will be showcasing its high-performance solutions at Chinaplas 2016, together with its Joint Venture (JV) partners, Songwon Baifu – a global leader in thioesters and Qingdao Long Fortune Chemical & Auxiliary Co., Ltd. – a leading stabilizer supplier with a superb reputation among all the major polyolefin manufacturers in

Songwon receives the 2015 Frost & Sullivan Product Line Strategy Leadership awar …

Ulsan, Korea – May 15, 2015 – Songwon Industrial Co., Ltd. (www.songwon.com) announces that it has received the 2015 Frost & Sullivan Best Practice Excellence Award for leadership in product line strategy. Each year, Frost & Sullivan recognizes the company that has developed a comprehensive product line that caters to the breadth of the market it serves. The award also honors the extent to which the company’s product line meets

Songwon Industrial Group announces Financial Results for Q1/2015

• Sales in Q1 totaled 157’045 Mil. KRW • Gross profit amounted to 24’971 Mil. KRW • The gross profit margin is at 15.9% Ulsan, Korea – May 15, 2015 – Songwon Industrial Group (www.songwon.com) today announced its financial results for Q1. The Group achieved sales of 157’045 Mil. KRW and a gross profit margin of 15.9% - an increase of 3.4% compared to the Q1/2014. Songwon started well into the year 2015, following a

Songwon announces global price increases for the majority of its polymer stabili …

Ulsan, Korea – November 20, 2014 – Songwon Industrial Co., Ltd. today announced a global price increase of 8% - 12% on a majority of its SONGNOX®, SONGSORB® and SONGXTEND™ product range of polymer stabilizers for the plastics industry. The increase is effective for all orders invoiced on or after December 15, 2014 or as contracts allow. However, this price increase does not apply to Japan. Songwon already announced a

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 Industrial Group reports stable sales in Q2/2014

• Sales for Q2 with 172,909 Mil. KRW stable compared to 2013 • Gross profit of 23,927 Mil. KRW for Q2, a 25.6% shortfall compared to Q2/2013 due to increased production costs • Strong recovery reported in U.S., Europe and Japan • Expansion strategy continues with successful acquisition of SeQuent's specialty chemicals business in India Ulsan, Korea – August 14, 2014 – Songwon Industrial Group (www.songwon.com) today reported its audited results for Q2 achieving sales of 335,808

Songwon successfully completes SeQuent Specialty Chemicals business acquisition …

Ulsan, Korea – August 6, 2014 – Songwon Industrial Group’s acquisition of SeQuent’s Specialty Chemicals business, which includes the polymer stabilizer business, the production site in Panoli and the local R&D division, has been successfully completed according to plan. Another milestone in the company’s global strategy, the acquisition places Songwon in a stronger position to better meet the needs of their current and future customers in India. “We are committed to

Songwon Industrial Group reports sales decrease for Q1 2014

• Sales decline of -6.6% in 2014 compared to 2013 • Gross profit of 20,327 Mil. KRW, a 37.1% decrease from 2013 • Positive outlook into Q2 with orders on hand stronger than in Q1 Ulsan, Korea – May 15, 2014 – Songwon Industrial Group (www.songwon.com) today reported its audited results for Q1 achieving sales of 162,899 Mil. KRW. This is a -6.6% decrease versus the same period last year and a -3.6% slip compared to

Songwon Industrial Group acquires the Specialty Chemicals Division of SeQuent Sc …

Songwon Industrial Group, Korea and SeQuent Scientific Limited, India – April 24, 2014 – Songwon Industrial Group and SeQuent Scientific Limited have signed an agreement whereby Songwon will acquire SeQuent's specialty chemicals business. The acquisition includes SeQuent's entire polymer stabilizer business and one production site in Panoli, Gujarat, together with the local R&D team. The parties expect the transaction to be closed in Q3, 2014, subject to few customary closing

Songwon presents new trendsetting-stabilizers at VDI Plastics in Automotive Engi …

• New SONGXTEND™ stabilizer solutions for automotive applications with anti-fogging (anti-FOG) and low volatile organic compounds (VOC) properties • Supporting trend towards plastic materials to reduce vehicle weight, improve recyclability and lower CO2 emissions Ulsan, Korea – April 2, 2014 – Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world, will introduce its SONGXTEND™ stabilizer solutions tailored to the needs of the automotive industry at the VDI Plastics in

Songwon Industrial Group achieves steady progress with solid results for the thi …

Highlights • Solid financial results for Q3 contribute to the steady progress made by Songwon during 2013 • Strong growth in core Polymer Stabilizers business with sales increasing by 9.3% YTD 2013 compared to 2012 • Gross profit margin adjusted for idle capacity variances slightly increased from 17.6% to 18.3% YTD, driven by planned productivity improvements • YTD EBIT Margin increases from 6.0% to 6.9% compared to prior year Ulsan, Korea – November 26, 2013 – Songwon Industrial

K 2013: Songwon – Taking the lead in regulatory affairs and product stewardshi …

Ulsan, Korea – October 21, 2013 – Songwon Industrial Group (songwon.com) is dedicated to sustainability which is clearly demonstrated in how it is meeting or exceeding stringent environmental and health & safety regulations and initiatives. This is being driven by a commitment to produce and sell products that use less of the Earth’s resources and which can be safely used by the value chain. Songwon’s global customers can continue to

K 2013: Songwon launches SONGXTEND™ product line, a new and innovative stabili …

• SONGXTEND™ stabilizers, a new product family that offers benefits along the entire value chain from polymer production to end-use • SONGXTEND™ stabilizers enable more robust and efficient processing as well as outstanding performance in line with todays requirements of the polyolefin industry Ulsan, Korea – October 18, 2013 – Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world, today launches its SONGXTEND™ product line at K 2013 in

K 2013: Songwon further expanding its range of innovative stabilizer solutions

Please join the Songwon press conference, October 18th at 09:00am, CCD South Room 7B • Songwon - reliably delivering essential and innovative products • Songwon - expanding its portfolio of world class products – launch of SONGXTEND™ product line at K 2013 • Songwon - investing in technology and capacity to meet the needs of its customers Ulsan, Korea – October 16, 2013 – At K 2013, Songwon (www.songwon.com), the world’s second largest supplier of additives to

Rolf Drewes joins Songwon as Vice President Business Sector Specialty Chemicals

Ulsan, Korea – October 2, 2013 – Songwon Industrial Group (songwon.com) strengthens its leadership team by appointing Dr. Rolf Drewes as Vice President Business Sector Specialty Chemicals, effective October 1st, 2013. Drewes brings 25 years of industry experience and an excellent international track record of leading technically challenging business units and building up new markets. At Songwon, Drewes will play a pivotal role in developing and implementing a strategy to

Songwon Industrial Group announces stable gross profit development for first hal …

Key Developments • Sales and gross profit margin remain stable despite challenging market conditions • Gross profit for the first half year increases 2.4% to 65,570 Mil. KRW compared to the same period in 2012. The adjusted gross profit encompassing capacity variances is significantly higher than in prior half year (+9.5%) • Net profit for the first half of 2013 at 8,240 Mil. KRW reflects the solid gross profit performance offset by a range of factors,

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

Leading antioxidant producer Songwon Industrial Co., Ltd. to restructure financi …

- Company stabilizes financial structure through new syndicated loan - Anticipates improved credit rating and strong growth potential through more advantageous, long term borrowing Seoul, Korea – February 19, 2013 – Ulsan-based Songwon Industrial Co., Ltd. (CEO Jongho Park), a leading producer of Specialty Chemicals and in particular of plastic antioxidants, announces plans to secure financing that will ensure financial stability and establish a firm foundation for the company’s future growth. The company has

Songwon Baifu Chemicals JV now fully operational in thioester antioxidants

Ulsan, Korea – November 20, 2012 – Songwon Industrial Co., Ltd. (www.songwon.com) and Tangshan Baifu Chemical Co. Ltd. have formalized their joint venture relationship. The new company is called Songwon Baifu Chemicals (Tangshan) Co., Ltd. and has commenced its operations on July 1, 2012. With a production capacity of 8.000 metric tons of thioester antioxidants, and the required key intermediate capacity Songwon Baifu Chemicals (Tangshan) Co., Ltd. is now fully

Songwon Industrial Group announces a solid financial performance in Q3 2012

Ulsan, Korea – November 12, 2012 – Songwon Industrial Group (www.songwon.com), the second largest manufacturer of polymer stabilizers in the world and a leading global producer and supplier of additives and other chemicals to the plastic industry, announces total sales revenues of 528’044 Mil. KRW for the first nine months of 2012 and a net profit after tax of 16’466 Mil. KRW (3.1% of sales), of which 5’697 Mil. KRW

Songwon, Pan Gulf and Polysys form Songwon Additives Technology AG for global ma …

Ulsan, Korea – October 16, 2012 – Today, Songwon Industrial Group, Pan Gulf Holdings of Saudi Arabia and Polysys Industries of Abu Dhabi proudly announce the establishment of their Joint Venture, Songwon Additives Technology AG, for the manufacture and sale of Songnox® OPS. This follows the signature of a Memorandum of Understanding (MoU) among the three partners announced on December 14, 2011. Songwon Additives Technology AG, a holding company based in

Songwon and Sabo join forces to establish a global presence for Light Stabilizer …

Ulsan, Korea – October 10, 2012 – Songwon is pleased to announce it has entered into long term distribution arrangements with Sabo SpA representing a further milestone in its long-term strategic ambition to be a leading supplier of polymer stabilizer solutions to the global polymer industry. Sabo SpA, based in Levate, Italy, is a leading producer of monomeric and polymeric HALS (Hindered Amine Light Stabilizer) and enjoys a reputation as

Songwon announces completion of One Pack Systems capacity increase at its facili …

Ulsan, Korea – October 4, 2012 – Today, Songwon Industrial Co., Ltd. has announced it has completed the capacity expansion of its OPS (One Pack Systems) production facility in Greiz, Germany. The capacity expansion project was completed on time, and doubles the current production capacity of Songnox® OPS products from 7.000 metric tons to 14.000 metric tons. The Greiz OPS operation has produced dust free polymer additive products since 2006, and

Songwon launches a new website that reflects its consolidated market approach an …

Ulsan, Korea – October 2, 2012 – As part of Songwon‘s commitment to provide customers with excellent service across the globe, the company launched on October 1, 2012, its completely new and significantly extended website – www.songwon.com. Customers will now benefit from easy access to comprehensive product data which is presented in a format that is user-friendly and can be easily understood. The new website is a result of the company’s

Songwon and Chinaplas 2012 are fully aligned to demonstrate growth as its main t …

Ulsan, Korea – March 8, 2012– Songwon will be participating at Chinaplas 2012, which takes place on 18 - 21 April, 2012 at Shanghai New International Expo Centre, and can be found at Chinaplas Hall N2 Booth K31. “The Growth Engine for Your Industry” is the main theme of Chinaplas 2012. In line with this Songwon Industrial Group finished 2011 on a high note having announced a number of key events

Salient in Additives - a clear demonstration of commitment to the customer from …

Ulsan, Korea – September 30, 2010 – The K2010 exhibition will provide an opportunity for Songwon to demonstrate its continued commitment to the Polymers industry through its key initiatives of providing customers security of supply, focusing on economy of scale and backward integration, developing and innovating its product portfolio, creating a global presence, delivering One-Pack Systems (OPS) and complying with current and future product regulations. To Songwon Salient in Additives

Songwon announces a new range of unique UV additive systems and solutions for pl …

Ulsan, Korea – May 27, 2010 – Songwon, a leading additives supplier to the polymer industry, announces the development of a new range of unique and innovative UV additive solutions. The new products named SONGLIGHT® 2790 GR and SONGLIGHT 2930 GR are 100% UV active systems consisting of synergistic blends of several additives. The innovative new combinations deliver superior UV protection of plastics compared with standard UV formulations and are

At Chinaplas 2010, Songwon will demonstrate it’s leadership as a global suppli …

Ulsan, Korea – March 18, 2010 – Songwon Industrial, a leading, global developer and manufacturer of polymer additives, will demonstrate its continued commitment to meeting the rapidly increasing needs and importance of its customers in China at the Chinaplas tradeshow in Shanghai on 19 - 22 April, 2010. Songwon can be found on stand number: W3L61. The additives market in China is growing at a tremendous pace and Songwon has already