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Songwon Outlines Plans in Plastics Stabilizer Market

2:01 PM MDT | October 15, 2007 | Natasha Alperowicz

Songwon Industrial (Seoul) says it is planning to become a stronger player in the plastics stabilizer market, and plans to triple sales to about $300 million/year by 2010. Achieving that would put the company in the number two slot behind Ciba Specialty Chemicals, whose sales in this business reach some $800 million-$900 million/year, says Maurizio Butti, president and CEO of the recently established subsidiary Songwon International (Frauenfeld, Switzerland). Songwon is currently the fourth-largest producer, trailing Chemtura and Cytec, Butti says. Butti: Fast...

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