Press release
Songwon and Tangshan Baifu successfully conclude the formation of a joint venture for the manufacturing and sale of Thioester antioxidants
Joint Venture Thioester Announcement (Photo: Songwon Industrial Co. Ltd.)
Jongho Park, Chairman and President of Songwon Industrial Co., Ltd., when signing the definite agreements said: ”We believe that this is a very important day for the Polymer Stabilizer business and for our customers. The synergies between the partners are far reaching. Tangshan Baifu brings expertise in producing Thioesters with their world scale fully backward integrated production capabilities. Songwon complements this with global sales, technical support, logistic and customer service network, as well as first class regulatory and EH&S expertise. With this venture we have created a major global player in the Thioester market that will have the Songwon trademark approach of high quality products, competitiveness, security and reliability of supply accompanied by strong technical service and application support.”
Weiqi Zhang, President and CEO of Tangshan Baifu Chemical Co. Ltd., stated: “We have built a strong manufacturing foothold and reputation in China for service and quality which we will now be able to deliver globally. In addition the Thioester business will benefit from Songwon’s extensive knowledge and innovation in additives which is complemented by their technology and significant market reach. We will build on each other’s strengths to ensure that Songwon Baifu Chemical Co. Ltd. will become a leading supplier and partner of choice for Thioester antioxidants to the global polymer market.”
About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songnox® One Pack Systems, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™Tin Intermediates, Songbrite™ Optical Brightners, Songcizer™ Plasticizers for the plastics industry, as well as lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Songwon Trading (Shanghai) Ltd., Songwon International – India, and Songwon Japan KK.
Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.
Songcat, Songbrite, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.
About Tangshan Baifu Chemical Co. Ltd.
Tangshan Baifu Chemical Co. Ltd. is a leading manufacturer of Thioesters. Located close to Tianjin, the company has strong research & development as well as manufacturing capabilities. Tangshan Baifu Chemical Co. Ltd. sells its products to both local Chinese and international customers in the plastics industry.
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