K2010: Songwon Takes Majority of Indian Firm; Plans Joint Investment in Mideast Stabilizer Operation

Songwon Industrial (Ulsan, Korea), the second-largest producer of antioxidants, signed a deal with HPL Additives (Delhi) today at the K2010 plastics exhibition in Düsseldorf, under which HPL will spin off its polymer stabilizers business into a separate entity that will be owned 60% by Songwon and 40% by HPL. The parties expect the the new company, Songwon HPL Additives, to be operational by the second quarter of next year. The partners, through the new joint venture, plan to establish a one-pack systems (OPS) operation in a Mideast country to cater to the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers