Ulsan, South Korea – October 5, 2021 – Songwon Industrial Co., Ltd. today announced global price increases for its phosphorous based polymer stabilizer products to reflect the sudden rise in raw materials costs. The price increases are effective immediately for SONGWON’s phosphites antioxidants: SONGNOX® 1680, SONGNOX® 6260 and SONGNOX® PQ (including subsequent blends) as well as SONGSORB® 7120.
The price adjustments are aimed at offsetting the higher cost of yellow phosphorous raw materials and their limited availability caused by decree 2021-792 made by provincial authorities of Yunnan, China in September, which restricted the high energy consuming production of yellow phosphorous. Phosphorous trichloride and phosphorus oxychloride (yellow phosphorous derivatives) are key raw materials in SONGWON production and the price for these materials continues to escalate. SONGWON anticipates the global availability of these raw materials to be substantially reduced and is working with high priority to minimize the effects of these exceptional circumstances. It will also be continually monitoring the cost developments and reviewing its prices accordingly
About Songwon Industrial Co., Ltd.
A leader in the development, production and supply of specialty chemicals, SONGWON’s products touch your life every day, everywhere. Since 1965, we’ve been driving innovation, partnering for progress and paving the way for a better more sustainable tomorrow with 360° customized solutions.
Headquartered in South Korea, SONGWON is the 2nd largest manufacturer of polymer stabilizers worldwide. With Group companies and world-class manufacturing facilities across the globe, we are dedicated to providing customers in over 60 countries with high-performance products that meet their individual needs and the best levels of service.
For further information, please go to: www.songwon.com.
For further information, please contact:
SONGWON Industrial Group Marketing Solutions Christine Hug Rita Verschuuren Corporate Communications Manager Walzmühlestrasse 48 Box 6 CH-8500 Frauenfeld 2950 Kapellen Switzerland Belgium Tel: +41 52 635 0000
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