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2006-09-15 News Release

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JV antioxidants production for the plastics industry to end

A leading producer of antioxidants and heat stabilizers for the plastics industry and a global player in pigments and additives for the polymer industry to end partnership.

A joint announcement by Songwon Industrial Co., Ltd. and Clariant International Ltd. that they mutually agree to end their cooperation in antioxidants after many years of a successful partnership as of January 31, 2008. The decision follows as a result of a strategic re-orientation of both companies based on the global market development.

Find Information and Suppliers of antioxidants for plastics.

Songwon Industrial Co., Ltd., Frauenfeld, Switzerland and Korea, is a leading producer of antioxidants and heat stabilizers for the plastics industry, as well as plasticizers, lubricants, surface coating agents, polyurethane, antioxidants, alkyl phenols, biphenol, flocculants and other chemicals.

Find more information about Songwon International AG

Until January 2008 Clariant group will continue to distribute antioxidants (1010, 1076, and 168 type) and related blends produced by Songwon Industrial. After the termination of the existing agreement, Clariant and Songwon will pursue their activities in antioxidants for the polymer markets independently.

Clariant, Muttenz, Switzerland, is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers. Clariant's Plastics Business is a global player in pigments and additives for the polymer industry.

Find more information about Clariant International Ltd.

Following this announcement, each company will communicate its own strategic approach individually to the market.

Read a recent press release about - World market leader in specialty chemicals expands integrated production complex for Plexiglas specialties, polymers and methacrylates.

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