5 Dec 2018
SONGWON Industrial Co., Ltd. (www.songwon.com) announced today that it has entered a partnership with Disheng Technology Co., Ltd, located in Jiangsu Province, China for the production of some of its comprehensive range of UVA light stabilizers.
4 Dec 2018
A new production line at SONGWON’s site in Suwon, South Korea for the manufacture and distillation of SONGSORB® CS 400 UV stabilizer has become operational. With a total capacity of about 1’000 metric tons, it allows fully backward integrated in-house manufacture of SONGSORB® CS 400 at all stages from intermediate to finished product.
20 Nov 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.
14 Nov 2018
SONGWON Industrial Group (www.songwon.com) today released its financial results for the 3rd quarter of 2018. In Q3/2018, gross profit amounted to 42,974 Mil. KRW, with sales for the quarter totaling 204,403 Mil. KRW. Profit for the period rose over 2017 by 38.4%, and the Group announced a 12.6% EBITDA for the 3rd quarter of the year.
16 Aug 2018
SONGWON Industrial Co., Ltd. is pleased to announce that it has entered into an exclusive distributor agreement with Sea-Land Chemical Company. Under the terms of the agreement, which takes effect in August, Sea-Land will be the official distribution channel for SONGWON’s products for the market segments: industrial lubricants, transportation lubricants and grease in North America (USA, Canada & Mexico).
15 Aug 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 1115: 19.4%) for Q2/2018 – marking a decrease of 5.5%pts (without impact from application of K-IFRS 1115: 4.2%pts) compared to Q2/2017. In the two quarters of the year, the Group realized consolidated sales of 388,313 Mil. KRW which is a 7.4% increase over the first six months of 2017 (361,707 Mil. KRW).
2 Aug 2018
SONGWON names Connell Brothers Company its exclusive distributor for fuel and lubricant additives in China
SONGWON has signed an exclusive distributor agreement with Connell Bros. ‒ the largest marketer & distributor of specialty chemicals and ingredients in the Asia-Pacific region. This further extends the relationship between the two companies, SONGWON having appointed Connell Bros. as its exclusive distributor in India in 2018. Under the terms of the agreement, which takes effect in August, Connell Bros. will be exclusively responsible for marketing and distributing SONGWON’s fuel and lubricant additives, which include aminic, phenolic, phosphite and thioester antioxidants, throughout China.
29 Jun 2018
SONGWON Industrial Co., Ltd. announced today that prices for its polymer stabilizers products will be raised by up to 15%.
13 Jun 2018
SONGWON underlines commitment to packaging industry and presents new ink binders and adhesives at ProPak
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.
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
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
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
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.