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SONGWON expands in-house production in Suwon, South Korea

SONGWON expands in-house production in Suwon, South KoreaA 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.

SONGWON Industrial Group releases Financial Results for Q3/2018

SONGWONSONGWON 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.

Archroma reinforces its strength management solutions dedicated to packaging and tissue paper with Cartastrength® DST.03

Archroma reinforces its strength management solutions dedicated to packaging and tissue paper with Cartastrength® DST.03. 
(Photo: Archroma)Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced the introduction of its new Cartastrength® DST.03 for stronger packaging and tissue papers and improved stickies management during the production process.

SONGWON Industrial Group announces Financial Results for Q2/2018

SONGWONSONGWON 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).

SONGWON Industrial Group releases Q1/2018 Financial Results

SONGWONSONGWON 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.

SONGWON reiterates its commitment to the Chinese plastics industry at Chinaplas 2018

SONGWON reiterates its commitment to the Chinese plastics industry at Chinaplas 2018.
(Photo: SONGWON Industrial Co., Ltd.)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.

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