Songwon: Antioxidant Plant ahead of Schedule
Songwon Industrial Co., Ltd., Korea, announced that the construction of its second dedicated manufacturing site for the production of phenolic and phosphite antioxidants in Ulsan/Korea is ahead of schedule and the plant start-up is now set for April 2007. The project includes the back integration of key raw materials. In the first phase, the new site will increase the Songwon capacity to about 55,000 tons, a 60% increase over the current capability. A second phase of expansion is planned to bring total capacity to 80,000 tons and will implemented as soon as the market demand will justify it.
Songwon is a leading producer of antioxidants and heat stabilisers for the plastics industry.
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