IHS Chemical Week

Regions :: India/Pakistan

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

7:14 AM MDT | October 29, 2010 | Natasha Alperowicz in Düsseldorf

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.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

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




Comments (1) for K2010: Songwon Takes Majority of Indian Firm; Plans Joint Investment in Mideast Stabilizer Operation
Joint venture of Songwon with HPL is expected to achieve market penetration into new areas overtime, enter and develop new product markets, expand into new geographic areas and participate in new technology driven value activities.
Posted by Dr Surendra K Gupta on Friday, October 29, 2010 @ 12:31 PM

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa