Songwon extends its additives manufacturing and customer support capabilities in China for Songnox antioxidant products
The JV will be operational by January 1st, 2011 and will initially focus on the manufacture of Songnox DLTDP and Songox DSTDP thioesters for the Chinese and global market. With Songwon’s global reach and Tangshan Baifu’s expertise in manufacturing these products customers around the globe will benefit from an integrated supply chain and increased supply security for these products.
Jongho Park, Chairman and President of Songwon Group, when signing the MoU said: “This JV marks the first step towards building an active manufacturing presence in China and our long term commitment to backwards integrate into the production of Polymer Additives which we don’t produce ourselves in our factories in Ulsan, South Korea. Committed to offer a full range of Polymer Additives we are proud to partner with such a reputable manufacturer as Tangshan Baifu enabling customers around the world to have easier access and secured supply for this important family of products.”
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