Company News

Songwon’s one-pack strategy
In line with its continuing investment in one-packs, South Korean additives supplier Songwon is setting up a partnership in Europe to establish 3,000 tonnes with a yet unnamed partner.

“One-packs represent a market of more than 50.000 tonnes and it is still growing faster than the average stabilisers growth. Therefore, a strong presence in one-packs is critical to be a leader in the stabiliser market,” said Maurizio Butti President/CEO, recently.

Songwon already has a capacity of 3,000 tonnes in Ulsan, South Korea, and In Europe, it is working on a strategic partnership with a technology leader in this market.

Its next phase will be to establish a production presence in the Middle East for one-packs, a project that is actively being pursued, according to Butti.