Songwon reports progress on global expansion

Published: November 27, 2012 6:00 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Suppliers

ULSAN, SOUTH KOREA (Nov. 27, 12:25 p.m. ET) — South Korean polymer additives maker Songwon Industrial Co. Ltd. has announced the location of its new Middle East plant. Also on the overseas expansion front, its joint venture plant in China is now fully operational.

Songwon Additive Technologies AG and Polysys Industries will establish a joint venture Polysys Additive Technologies ME, which will build an OPS (One Pack Systems) manufacturing plant in Kizad (Khalifa Industrial City of Abu Dhabi), Abu Dhabi. Construction is expected to complete in about 12 months. The new facility will have an initial capacity of 7,000 metric tons with potential to expand in the future.

Songwon Additive Technologies AG is a joint venture between Ulsan-based Songwon Industrial Group, Pan Gulf Holding Co. of Saudi Arabia and Polysys Industries of Abu Dhabi.

In Asia, Songwon’s Chinese JV Baifu Chemicals (Tangshan) Co. Ltd. commenced its operations on July 1 with a production capacity of 8,000 metric tons of thioester antioxidants. Thioesters such as DLTDP, DSTDP, DTDTP and DMTDP, are widely used in PE, PP, ABS, HIPS, polyester and polyamide, as well as other materials.


Comments

Songwon reports progress on global expansion

Published: November 27, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Sumitomo Bakelite buying injection molder Vaupell Holdings

April 24, 2014 7:37 pm ET

Private equity firm H.I.G. Capital LLC of Miami has entered into a definitive agreement to sell plastics processor Vaupell Holdings Inc. to Sumitomo...    More

Zimmer buying Biomet in $13 billion deal

April 24, 2014 4:25 pm ET

Orthopedic device giant Zimmer Holdings Inc. is buying rival Biomet Inc. in a $13.35 billion cash and stock deal, the companies announced April 24.    More

Image

PolyOne says new Shanghai center will ease collaboration across segments

April 24, 2014 2:34 pm ET

PolyOne Specialty Engineered Materials is opening an innovation Center in Shanghai's Jinqiao development zone that will serve as its new Asia Pacific ...    More

Biopolymer firms report success with PHA pilot production

April 24, 2014 1:30 pm ET

Biopolymer developer Meridian Inc. and Tate & Lyle plc have reported successful pilot production of Meridian's process to make polyhydroxyalkanoate,...    More

Songwon acquires division of India's SeQuent

April 24, 2014 12:22 pm ET

Songwon Industrial Group of South Korea has signed a deal with SeQuent Scientific Limited, India to acquire SeQuent's specialty chemicals business.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events