ULSAN, Korea – Songwon has announced the establishment of Songwon International - India Pvt. Ltd. Located in Mumbai, the company will be the headquarters for Songwon activities in India and Southeast Asia.
Dieter Morath, Executive Vice-President EMEA of Songwon International AG, said, “The establishment of Songwon International - India Pvt. Ltd. is a new milestone in our strategy to develop local presence in high-growth regions. Demand for our products is growing rapidly, and the region is fast becoming a very important market for us. We have chosen India because it is one of the key driving forces of global economic development; and in particular, we expect a continuous growth in the plastic-related industries. India offers the perfect combination of a growing local and regional demand with an abundance of skilled and educated human resources.”
Songwon Industrial Co. Ltd. is a producer of Songnox® antioxidants, Songlight® hindered amine light stabilizers, Songsorb® ultraviolet light absorbers, heat stabilizers for the plastics industry, as well as plasticizers, lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals.