SONGWON

A leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.

Headquartered in South Korea, SONGWON is the 2nd largest manufacturer of polymer stabilizers worldwide. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.

Songwon Industrial Co., Ltd.
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
+41 52 635 0000
www.songwon.com

SONGWON appoints Makwell Plastisizers as its exclusive distributor for PVC additives in India

SONGWON appoints Makwell Plastisizers as its exclusive distributor for PVC additives in India. 
(Photo: Songwon Industrial Co., Ltd.)
SONGWON Industrial Co., Ltd. announced today that as of December 2020, Makwell Plastisizers Pvt Ltd (Makwell) based in Mumbai is its exclusive distributor for PVC additives in India.

SONGWON further strengthens its ongoing commitment to China’s coatings industry

SONGWON further strengthens its ongoing commitment to China’s coatings industry (Photo: Songwon Industrial Co., Ltd.)Over the past year, SONGWON Industrial Group www.songwon.com, the 2nd largest manufacturer of polymer stabilizers in the world, has continued to strengthen its commitment to the coatings industry in China. In order to better serve customers, SONGWON has steadily built up an extensive network of highly competent and experienced distributors throughout China to expand and promote its offering to the region’s Coatings market.

SONGWON announces global price increases due to higher freight rates

SONGWON Industrial Co., Ltd. announced today that prices for all its products will be raised by 2-5%, depending on business line and region.

SONGWON Industrial Group reports Financial Results for Q3/2020

SONGWON Industrial Group (www.songwon.com) today announced its financial results for the 3rd quarter ending September 30, 2020. In Q3/2020, the Group achieved consolidated sales of 195,237 Mil. KRW, marking a 6.3% decline in revenue compared to sales for Q3/2019 (208,388 Mil. KRW). During Q3/2020, the EBITDA increased by 7.3% to 24,349 Mil. KRW and the Group recorded a net profit increase of 19.8% (8,746 Mil. KRW) over Q3/2019. SONGWON achieved YTD September 2020 consolidated sales of 603,925 Mil. KRW.

SONGWON expands its range of SONGFLAME® WB flame-retardant synergists

SONGWON expands its range of SONGFLAME® WB flame-retardant synergists.
(Photo: Songwon Industrial Co., Ltd.)Following the launch of SONGFLAME® at K-2019, SONGWON has further developed its proprietary halogen-free technology and is adding a new product to its portfolio of flame-retardant synergists.

SONGWON and First Quality Chemicals enter distribution partnership for Mexico

SONGWON and First Quality Chemicals enter distribution partnership for Mexico
(Photo: Songwon Industrial Co., Ltd.)
SONGWON Industrial Co., Ltd. (www.songwon.com) today announced that it has signed an exclusive distribution agreement with First Quality Chemicals, a leading specialty chemicals distributor in Mexico, for the coatings, adhesives, sealants and elastomers (CASE) markets.

SONGWON Industrial Group publishes Financial Results for Q2/2020

SONGWON Industrial Group (www.songwon.com) today announced its financial results for the second quarter of 2020. Over the quarter, the Group achieved consolidated sales of 198,145 Mil. KRW which, when compared to Q2/2019, marked a 9.3% decrease in revenue. However, the year-to-date (YTD) June 2020 sales revenues of 408,688 Mil. KRW were comparably in line with and remained almost at the same level as the first six months of 2019 (408,884 Mil. KRW). In Q2/2020, the Group saw its gross profit margin increase by 1.4%-points to 21.1% over Q1/2020.

SONGWON enters a new distribution agreement with Biesterfeld Spezialchemie

Songwon Industrial Co., Ltd. announced today that it has signed an exclusive distribution agreement with Biesterfeld France. As from May 1, 2020, Biesterfeld France has been exclusively distributing the SONGWON polymer stabilizer range in France.

SONGWON enters two new distribution agreements with Bodo Möller Chemie

SONGWON Industrial Co., Ltd. announced today that it has signed two exclusive distribution agreements for the distribution of its comprehensive range of polymer stabilizers: Bodo Möller Chemie Benelux N.V. has been supplying customers in Belgium, Luxemburg and the Netherlands since January 1, 2020, and Bodo Möller Chemie UK Ltd took on responsibility in the United Kingdom and Ireland on May 1.

SONGWON Industrial Group announces solid Q1/2020 financial results

SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the first quarter of 2020, ended March 31, 2020. After a challenging finish to 2019, SONGWON experienced a solid start to the new year with sound growth and increased revenue: In Q1/2020, the Group achieved consolidated sales of 210,543 Mil. KRW and reported a 27.4% increase in net profit (11,182 Mil. KRW) in the first quarter 2020 over Q1/2019. Compared to the first quarter of 2019, the gross profit margin in Q1/2020 decreased slightly from 20.9% to 19.7%. However, both the EBITDA and EBIT margins increased respectively in the first quarter to 12.8% and to 8.8%. 

SONGWON announces new distribution partnership in Canada to support growth in the region

SONGWON announces new distribution partnership in Canada to support growth in the region. (Photo: Songwon Industrial Co., Ltd.)
To ensure reliable supply of its products and provide on-the-spot services for customers in the growing Canadian market, SONGWON has entered a partnership with A. S. Paterson Company Ltd., an established distributor of performance chemicals across the region.

SONGWON appoints Bodo Möller Chemie Russia LLC as distributor for fuel and lubricant additives

SONGWON appoints Bodo Möller Chemie Russia LLC as distributor for fuel and lubricant additives.
(Photo: Songwon Industrial Co., Ltd.)SONGWON Industrial Group has signed an exclusive agreement with Bodo Möller Chemie Russia LLC for the distribution of SONGNOX® fuel & lubricant antioxidant additives in Russia, Belarus and Kazakhstan.

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