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.

For further information, please go to: www.songwon.com.

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

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.

SONGWON implements new, leaner leadership structure

SONGWON Industrial Co., Ltd. (www.songwon.com) the 2nd largest manufacturer of polymer stabilizers in the world, and key global player in the specialty chemicals business announced today that it has made changes to its leadership structure to streamline the company moving forward.

SONGWON Industrial Group delivers another solid result for FY 2019

SONGWON Industrial Group (www.songwon.com) today reported its financial results for FY 2019. SONGWON’s overall consolidated sales revenues for FY 2019 amounting to 814,340 Mil. KRW which marks a 3.2% increase compared to the consolidated sales for FY 2018 (788,738). After continuing to concentrate on its core business throughout the year, the result achieved in FY 2019 was SONGWON’s highest sales result since the company was founded.

SONGWON expands functional monomer range

SONGWON expands functional monomer range.
(Photo: Songwon Industrial Co., Ltd.)
As announced at the European Coatings Show (ECS) this year, SONGWON is further developing and expanding its range of bisphenol (BP) monomers and dicyclopentadiene (DCPD) phenol resins. High-purity BP-Z crystalline bisphenol and tetramethyl (modified) bisphenol (TMBP) are now being produced on an industrial scale, while the dicyclopentadiene epoxy resin modifier range ERM-6100, introduced at the ECS, is already well established in the market and being used, for example, in specialty resins in Asia.

SONGWON continues to strengthen its in-house sustainability efforts

SONGWON continues to strengthen its in-house sustainability efforts.
(Photo: Songwon Industrial Co., Ltd.)
SONGWON Industrial Co., Ltd. (www.songwon.com) today reported some of its successful in-house sustainability efforts relating to both energy conservation and efficiency, and emphasized its commitment to the environment across the organization.

SONGWON partners with Uniwel to enhance PVC stabilizer business

JiangSu Uniwel Chemistry Co., Ltd. headquarters.
(Photo: Songwon Industrial Co., Ltd.)
Songwon Industrial Co., Ltd., the second largest manufacturer of polymer stabilizers in the world and a key global player in the polyvinyl chloride (PVC) stabilizer industry since 1965, has entered into a strategic co-operation agreement with JiangSu Uniwel Chemistry Co., Ltd., effective as of July 2019, to meet the ever-increasing need for PVC stabilizers. Both SONGWON and Uniwel will develop and manufacture the products, which will be sold under the companies’ respective brand names.

SONGWON Industrial Group announces Financial Results for Q3/2019

SONGWON Industrial Group (www.songwon.com) today released its financial results for the third quarter of 2019. In Q3/2019, the Group achieved sales of 208,388 Mil. KRW marking a 1.9% increase in revenue over sales recorded in the same quarter of the previous year (204,403 Mil. KRW), however, the Group reported a decline in its gross profit margin in Q3 to 19,7%. Comparing the YTD September 2018 consolidated sales (592,716 Mil. KRW), SONGWON saw a 4.1% increase in its YTD September 2019 consolidated sales (617,272 Mil. KRW) and a decrease in net profit of 12% (28,905 Mil. KRW).

SONGWON underlines its continued commitment to the coatings industry

SONGWON underlines its continued commitment to the coatings industry.
(Photo: Songwon Industrial Co., Ltd.)
SONGWON Industrial Group (www.songwon.com), the 2nd largest manufacturer of polymer stabilizers in the world, highlights the strengthening of its commitment to the coatings industry. With the start-up of its Technical Service Coating Lab at its world-class manufacturing facility, Maeam in South Korea, SONGWON now has all the necessary devices, tools and stations for both powder and liquid coating applications. Located next to SONGWON’s R&D headquarters and Global Application Community, means that the organization can take advantage of the innovation synergy. With several newly added weathering devices, SONGWON is fully equipped to support customers develop and find solutions to formulation issues relating to UV and temperature stabilization, as well as UV curing.

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