Ulsan, Korea - April 18, 2012: Songwon Industrial Group, the global number two supplier of polymer additives, extends its lead in the delivery of OPS (One Pack Systems) products by commissioning an additional 7.000 metric tons capacity.

Following the announcement in December of 2011 of the acquisition of Additives Technology Greiz (ATG) in Germany, making Songwon a leading supplier of OPS product solutions, the promised expansion of the current capacity is now confirmend and will be up and running as of the middle of this year.

"The new capacity doubles the current volume to 14.000 metric tons", stated Jongho Park, Chairman and CEO of Songwon Industrial Group. "We made a promise when we acquired ATG to extend the capacity of our Songnox® OPS products up to 12.000 metric tons. However, the reaction we have had from our customers has led us to commit additional investment such that we can now deliver an additional 7.000 metric tons of product to meet their demands."

The Songnox® High Heat OPS range offers customers a complete toolbox for designing tailor-made solutions to meet the requirements of longer service life and durability under harsh conditions for end-use applications such as in the automotive industry.

OPS products combine a wide variety of complex additives into an integrated dust free, pellet form, can be custom formulated and offer a number of key advantages such as uniformity and certified composition. OPS are also extremely cost effective as they reduce the actual dosage of individual additives due to more accurate feeding as well as simplified quality control procedures.

Jongho Park continued: "Songnox® OPS can make a significant difference to the quality and cost of the products that our customers manufacture, such that they are able to meet very stringent requirements which are stipulated by their customers. Songnox® OPS offers a combination of additives in a convenient and accurate form for safe and cost effective processing. This is ideal for the automotive industry where we are gaining ground and finding favour due to the high quality and performance that Songnox® High Heat OPS offers. Therefore China with its fast growing automotive industry represents an excellent opportunity for Songwon's innovative solutions.

About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songnox® One Pack Systems, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™ Tin Intermediates, Songcizer™ Plasticizers for the plastics industry, as well as lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon Holdings AG, Songwon International AG, Songwon International - Japan K.K., Songwon China Ltd., Songwon Industrial Co. Ltd. Representative Office Bahrain, Songwon Additive Technologies AG, Songwon International - Americas Inc., Songwon International - India Pvt. Ltd., Songwon Trading Co. Ltd. and Songwon Chemicals Co. Ltd.

Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.

Songcat, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.


Songnox® OPS delivers a wide variety of complex additives in a convenient and accurate form for safe and cost effective processing. (Photo: Songwon Industrial Co., Ltd.)

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For further information, please contact:
Europa
Songwon International AG               
Dieter Morath, Executive Vice President Sales, Member of the Group Executive Committee
Breitenstrasse 16               
CH-8501 Frauenfeld
Switzerland
Tel: +41 52 635 0000
E-mail: dmorath@songwonind.com

USA
Songwon International - Americas Inc.
James J. McGinley, President Songwon International - Americas Inc.
Toll Free: +1 877 SONGWON
Direct: +1 281 648 1585
Fax: +1 713 456 1812
E-mail: jmcginley@songwonind.com

MEA
Songwon Industrial Co., Ltd.
Representative Office Bahrain
Peter Fleming, Director of Sales
Suite 706, 7th Floor, Trust Tower
Building 125, Road 1702
Diplomatic Area, Manama
Kingdom of Bahrain
Tel: +973 1650 0755
Fax: +973 1650 0501
E-mail: pfleming@songwonind.com

For editorial inquiries and clippings,
please contact:
Marketing Solutions
Kevin Noels
P.O. Box 58
4600 AB Bergen op Zoom
The Netherlands
Tel: +31 164 317 011
E-mail: knoels@marketingsolutions.be

Asia
Songwon Industrial Co., Ltd.
737-2 Yochon-dong, Nam-Gu
Ulsan 680090, Korea
Tel: +82 522 739 841
Fax: +82 522 723 528
E-mail: info@songwonind.com

Songwon Trading Co. Ltd.
Min Tian
3rd Floor, Unit 2
159 Tianzhou Road
Shanghai 200233, China
Tel. +86 21 5445 2218
Mobile +86 139 0173 1931
Fax +86 21 5445 2217
E-mail: mtian@songwonind.com

Songwon International - India Pvt. Ltd.
701 - Purva Plaza, Shimpoli Road, Borivali (West)
Mumbai 400 092, India
Tel: +91-22-28997419 / +91-22-28991029
Mobile: +91 982 055 6971
Fax: +91-22-28997508
E-mail: nmehta@songwonind.biz

Songwon International - Japan K.K.
Jaewon Choi
Nishi Shinbashi 1Chome Kawate Bill 8F 801
1-5-8, Nishi Shinbashi, Minato-Ku, Tokyo
105-0003 Japan
Tel: +81 3 6268 8721
Fax: +81 3 6206 1302
E-mail: jwchoi@songwonind.com

© Press Release 2012