The group reported a strong first six months before overall demand began weakening in the third quarter as product availability grew and customers’ destocking activities increased in response to declining raw material costs.

Songwon’s new leader group commercial will spearhead the company’s business strategy, and be responsible for the sales, marketing, and commercial operations of Songwon’s Polymer Stabilizers, Fuel and Lubricant Additives, Coatings, Tin Intermediates/PVC, and TPU/SPU business units.

Songwon Industrial Co. Ltd. announced that Dongbek Park has been appointed as the new outside Director of the board of directors. 

Songwon Industrial Co. Ltd. recently announced that it has entered into an exclusive distributor partnership with TCL Hofmann for its Business Unit (BU) Coatings. 

SONGWON Industrial Group recently released its financial results for the third quarter of 2021, reporting a 33.2% rise in revenue over sales recorded in the same quarter of the previous year.