Songwon Raises Prices Across Additives Portfolio
Songwon Industrial Co. announced a global price increase for its polymer stabilizers and coatings product ranges.
Depending on the product and region, the increase will range from 12% to 20% and will take effect April 15, 2026, or as contracts allow.
The company said the adjustment is intended to offset increases in key raw material costs as well as continued pressure on operating margins and rising freight and logistics expenses.
Songwon said the changes will be implemented in accordance with contractual obligations and applicable local regulations.
The company added that it will continue working with customers to implement the adjustments while maintaining supply and service.
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