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K 2013: Songwon evaluates options for its next major investment, launches PP stabilizer range

8:19 AM MDT | October 18, 2013 | Francinia Protti-Alvarez in Düsseldorf

Songwon (Ulsan, South Korea) is evaluating its next major investment and will make a decision within 18 months to two years, Johgho Park, CEO told CW during the K plastics fair, currently being held in Düsseldorf. Park did not disclose details but, together with COO Maurizio Butti, discussed the possibilities under consideration. Korea, where the company has infrastructure and market presence, is one possibility, and the importance of polyolefins in the Mideast makes that region attractive, they say. However, the absence in the Mideast of isobutylene and...

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