Song won Industrial: Going Global in Plastic Stabilizers

摘要

Songwon Industrial (Ulsan. Korea) has announced a series of investment plans that aim to establish the company as a larger force in the global polymer stabilizers market. The company signed two joint venture agreements in October 2010 and announced plans to expand capacity to meet rising demand. Songwon expects to generate 2010 sales of $500 million and operating income of $50 million. The company's main product is antioxidants, which account for about 60% of total sales. Songwon is the second-largest supplier of antioxidants worldwide, behind BASF.