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, the 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.SONGWON Industrial Co., Ltd.
+41 52 635 0000
18 May 2018
SONGWON further extends its antioxidant range for fuels and lubricants with the launch of SONGNOX® L570 at the STLE Annual Meeting & Exhibition
Ulsan, South Korea – May 18, 2018 – Following its successful debut at the Annual Meeting & Exhibition of the Society of Tribologists and Lubrication Engineers (STLE) in 2017, SONGWON will once again be present this year. The company will be introducing the latest addition to its range of antioxidants for fuels and lubricants. SONGNOX® L570 complements SONGWON’s broad aminic, phenol, phosphite and thioester antioxidant product range, further extending its breadth and depth.
16 May 2018
Ulsan, 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.
15 May 2018
Ulsan, South Korea – May 15, 2018 – SONGWON Industrial Co., Ltd. announced today that it has signed an exclusive distribution agreement with Bodo Möller Chemie Russia LLC. Effective from May 1, 2018, Bodo Möller Chemie Russia LLC will exclusively distribute SONGWON’s comprehensive range of polymer stabilizers in Russia, Belarus, Ukraine & Kazakhstan.
24 Apr 2018
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.
10 Apr 2018
Ulsan, South Korea – April 10, 2018 – For the first time, SONGWON Industrial Co., Ltd. is present at the American Coatings Show (ACS), showcasing its latest high performance solutions.
26 Mar 2018
Ulsan, 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.
20 Mar 2018
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.
7 Feb 2018
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.
1 Feb 2018
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.
27 Nov 2017
Ulsan, South Korea – November 27, 2017 – SONGWON is raising the price of the majority of its polymer stabilizers.
15 Nov 2017
Ulsan, South Korea – November 15, 2017 – SONGWON is expanding its range of ultraviolet absorbers (UVAs) for high performance coatings and is now launching two new products, SONGSORB® CS 400 and SONGSORB® CS 384-2. The two UVAs can both be used in combination with a hindered amine light stabilizer (HALS) such as SONGSORB® CS AQ01, which was introduced at this year’s European Coatings Show.
10 Nov 2017
Ulsan, South Korea – November 10, 2017 – SONGWON Industrial Group (www.songwon.com) today announced its results for the third quarter of 2017. In Q3/2017, gross profit amounted to 38,621 Mil. KRW, and the Group reported sales totaling 180,832 Mil. KRW – an increase of 6.0% over Q3/2016. SONGWON achieved sales of 542,539 Mil. KRW (YTD September 2016: 532,727 Mil. KRW) in the 9 months ended September 30, 2017 and recorded a net profit of 30,036 Mil. KRW (YTD September 2016: 38,150 Mil. KRW).