Construction of Songwon new world-scale antioxidant plant is ahead of schedule
Songwon Industrial Co., Ltd. announced that the construction of its second dedicated manufacturing site for the production of phenolic and phosphite antioxidants is ahead of schedule and the plant start-up is now set for April 2007. Consistent with Songwon's manufacturing strategy to provide economy of scale and security of supply, the project includes the back integration of key raw materials. In the first phase, this new manufacturing site will increase the Songwon capacity to about 55.000 tons, a 60% increase over the current capability. A second phase of expansion is already planned to bring total capacity to 80.000 tons and will be implemented as soon as the market demand will justify it.
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