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2007-03-15 News Release
Plastics industry leader in antioxidants new European HQ A leading producer of antioxidants and heat stabilizers for the plastics industry announces opening of new headquarters and customer service center in Frauenfeld.
The opening of the European Headquarter of its affiliate Songwon International
AG, in Frauenfeld, Switzerland has been announced by Songwon, Ulsan, Korea.
"This is the culmination of the efforts last year to establish Songwon
International as our direct channel to market in Europe, the Middle East,
Africa, Western Asia, and the Americas," said Jongho Park, Chairman
and CEO of Songwon Industrial Co. Ltd.
Songwon International AG, in Frauenfeld, Switzerland, is conveniently
located just outside of Zurich. From left to right Dr. Hans-Peter Wüest,
Chief Financial Officer Songwon International AG; Maurizio Butti, President
& CEO Songwon International AG; Dieter Morath, Executive Vice President
EMEA Songwon International AG; James Mc.Ginley, President Songwon International
- Americas, Inc.. (shown right) "We have made great progress along the four point plan we announced in September of last year," adds Park. The plan included the investment in a second grass roots antioxidant facility, the establishment of a direct channel to market, the extension and expansion of the product range, and an emphasis on innovation. The construction of the Maeam plant is ahead of schedule and is now scheduled for an April start-up, as announced in January. The Songwon Group of Companies has grown and now includes Songwon International AG and Songwon International - Americas Inc. The product range consists of Songnox antioxidants, Songlight hindered amine light stabilizers, and Songsorb ultraviolet light absorbers. Butti continued, "The goal of our plan is to become a strategic
partner to our customers by positioning ourselves to supply across the
broad range of their polymer stabilizer requirements. We are listening
to our customers' evolving needs and our technical teams are energized
with the opportunities to develop products and solutions to meet those
needs."
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