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.
22 Nov 2022
Songwon Industrial Co., Ltd. (www.songwon.com/) announced today that it has appointed Hans Werhonig as Leader Group Commercial and a member of SONGWON’s Executive Committee from December 1st, 2022.
11 Nov 2022
SONGWON Industrial Group today published its financial results for the 3rd quarter of 2022. During the quarter, the Group achieved consolidated sales of 350,731 Million KRW and reported a net profit of 41,376 Million KRW. When compared to the sales (Q3/2021: 260,137 Million KRW) and net profit (Q3/2021: 20,972 Million KRW), recorded in previous year, this marked an increase of 34.8% and 97.3% respectively. In Q3/2022, SONGWON reported a slight decline in its gross profit margin of 1.8%-points compared to Q3/2021.
21 Oct 2022
Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business announces new strategic investments to support global plastic industry growth and to meet its needs.
19 Oct 2022
K is the world's largest trade fair for the plastics and rubber industry. It gathers the most important supplier of plastics and rubber machinery, raw and auxiliary materials and semi-finished products, technical parts and reinforced plastic products under one roof. It is an ideal platform to showcase products and innovations and to make business contacts. K will be followed by a special exhibition under the theme "Visions in Polymers", that presents the trends and innovations of the industry. Special consideration is given to the subjects of energy efficiency and resource conservation.
19 Oct 2022
At the K 2022, Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business is showcasing its latest mechanical recycling stabilization approach for polyolefins (POs) and reaffirming its drive to deliver sustainable solutions to the industry.
12 Oct 2022
Songwon Industrial Co., Ltd., the world’s 2nd largest manufacturer of polymer stabilizers and a key global player in the specialty chemicals business highlights its ongoing commitment to the plastics industry with new product launches at K 2022.
12 Aug 2022
SONGWON Industrial Group today released its financial results for the 2nd quarter ending June 30, 2022. Building on the positive momentum of Q1/2022, the Group achieved consolidated sales of 342,735 Million KRW during Q2/2022 which when compared to Q2/2021, marked a 47.7% rise in revenue. The Group’s YTD June 2022 sales revenues (681,168 Million KRW) increased by 49.8% over the June YTD sales generated in 2021 (454,578 Million KRW). During the 6 months of 2022, the Group realized a gross profit margin increase of 5.2%-points to 25.5% compared to June YTD 2021.
13 May 2022
SONGWON Industrial Group (www.songwon.com) today released its financial results for the 1st quarter of 2022. After a solid end to 2021, SONGWON started the new year strongly with sound growth and increased revenues. In Q1/2022, the Group achieved consolidated sales of 338,433 Million KRW and reported a robust 373.9% increase in net profit (43,427 Million KRW) over the same quarter the previous year (9,164 Million KRW). When compared to the 1st quarter of 2021, the gross profit margin in Q1/2022 increased from 21.6% to 29.4%. In Q1/2022, both EBITDA and EBIT margins increased respectively to 19.4% and to 17.0%.
5 Apr 2022
Songwon Industrial Co., Ltd., is taking part in the American Coatings Show (ACS) at the Indiana Convention Center in the U.S. city of Indianapolis from April 5-7.
22 Mar 2022
Songwon Industrial Co., Ltd. announced today that construction of its new electronic chemicals production line is nearing completion. Located at SONGWON’s Maeam plant in Ulsan, South Korea, construction is expected to be finished by the end of March, with startup planned thereafter.
18 Mar 2022
Songwon Industrial Co., Ltd., today announced that Mr. Dongbek Park was appointed as new outside Director of the Board of Directors at SONGWON’s Annual General Shareholders’ Meeting held in Ulsan, Korea, on March 18. In its subsequent Board meeting, the Board of Directors appointed Dongbek Park as SONGWON’s new Chairman of the Board.
2 Mar 2022
SONGWON Industrial Group today released its financial results for FY 2021. In Q4/2021, revenues continued to grow and totaled 283,475 Million KRW on December 31, 2021, marking a 39.1% increase when compared to the same quarter of 2020 (Q4/2020: 203,843 Million KRW). The net profit of 26,100 Million KRW for Q4/2021 amounted to a record 765.7% rise over the net profit achieved in the final quarter of 2020 (3,015 Million KRW). SONGWON ended 2021 strongly, achieving overall consolidated sales totaling 998,190 Million KRW, 23.6% higher than the previous year (FY 2020: 807,768 Million KRW).