ULSAN, South Korea – Songwon Industrial Co. Ltd. recently announced that the worldwide exclusive distributor agreement (non-exclusive for Europe) with SABO S.p.A. for the SABOSTAB^® HALS portfolio, which includes hindered amine light stabilizers (HALS) and oxanilide UV absorbers, has been extended. Furthering the cooperation will enable both organizations to maintain their leading market position and to continue pursuing their shared strategy for growth by focusing on opportunities outside of Europe, particularly in the areas of automotive and agricultural applications as well as in the building and construction sector.

Commenting on the extended partnership, Elena Scaltritti, Leader Group Commercial at SONGWON, said, “Over the years, the close collaboration between SONGWON and SABO is a fine and unique example of what can be achieved when two market leaders with a common mindset and shared values are driven by their deep joint commitment to respond to the demands of the industry and to the needs of their global customers. We look forward to building on our already strong partnership and generating further growth and success for both organizations.”

“SABO has enjoyed consistent collaborative success with SONGWON for almost a decade. We are very pleased with the extension of our partnership which has been built on solid trust and shared expertise, and we value the opportunity to continue combining our strengths and capabilities to achieve our ambitious business goals in the polymer additives arena,” said Alberto Vischetti, Vice President – Polymer Additives, SABO S.p.A.