Songwon preparing to open one-pack systems plant in Houston

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: March 25, 2013 12:16 pm ET
Updated: March 25, 2013 12:22 pm ET

Related to this story

Topics Materials, Materials Suppliers

ULSAN, SOUTH KOREA — South Korean additives maker Songwon Industrial Co. Ltd. is setting up a 7,000 metric ton per year plant in Houston in April to make its one-pack systems for combining various additives in a dust-free pellet, the company said in a March 25 statement.

"The North American polymer industry is rebounding strongly with the advent of shale gas-oil and lower energy costs," Doug Excell, vice president of OPS operations for Songwon. "A few years ago the discussion was about rationalization in the North America polyolefin industry and now the discussion is about expansion."

The Houston factory is part of a global expansion of OPS capabilities for the Ulsan, Korea-based firm, although the company has had trouble starting several ventures it had planned for India and China.

Songwon last year doubled capacity of the OPS facility it acquired in Germany with the purchase of Additive Technology Greitz, and plans to set up another 7,000 metric ton per year OPS plant in Kizad, Abu Dhabi, in early 2014. That last facility is a joint venture with Polysys Industries of Adu Dhabi.


Comments

Songwon preparing to open one-pack systems plant in Houston

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: March 25, 2013 12:16 pm ET
Updated: March 25, 2013 12:22 pm ET

Post Your Comments


Back to story


More stories

Image

Westlake adding ethylene capacity in Louisiana

October 23, 2014 9:54 pm ET

Westlake Chemical Corp. will add 250 million pounds of annual ethane-based ethylene capacity as part of a $330 million expansion project in Lake...    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Image

Report: Private equity companies may seek to buy Bayer MaterialScience

October 23, 2014 10:56 am ET

A number of investment groups are reported to be interested buying Bayer AG's MaterialScience operation, valued at around 10 billion euros ($12.6...    More

Image

Plastics lead Dow's quarterly growth

October 23, 2014 10:15 am ET

Dow Chemical Co. has announced its third quarter results for 2014 showing a 5 percent increase on the third quarter of 2013, rising to $14.4 billion f...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events