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SABIC’s new phthalate-free polypropylene impact copolymers enable downgauging and faster processing for thinwall packaging

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“The need for the industry has never been greater to find efficient solutions to the challenges – especially in food packaging – that the world faces today. SABIC understands the need for its packaging customers to not only stay ahead of industry trends and regulations but also meet the demand for lowering weight and cost by reducing packaging thickness with down gauging, faster production cycle times, and minimizing waste and the environmental impact. SABIC’s new impact polypropylene 513MK46 and 512MK46 grades are created to help our customers... Read More »

SONGWON Industrial Group ends a good year with steady growth

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Sales in 2016 totaled 694,326 Mil. KRW Gross profit was 178,049 Mil. KRW Gross profit margin widened to 25.6% EBITDA increased to 16.4% The company achieved sales revenues of 694,326 Mil. KRW and a net profit of 42,244 Mil. KRW. Within polymer stabilizers, the One Pack Systems (OPS) business was the SONGWON’s growth leader in 2016, with its world-class OPS facility in Abu Dhabi coming onstream in January and the new JV OPS plant in Qingdao, China successfully commissioned in November. Sales in plasticizers and tin intermediates also so... Read More »

NEW PP PILOT PLANT ENABLES SABIC TO MEET KEY INDUSTRY NEEDS

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The pilot plant is the latest in a series of investments being made by SABIC at the Brightlands Chemelot R&D and manufacturing campus in Sittard-Geleen. The company opened a new research facility there in May. Lina Prada, Global PP Technology Director, says the pilot plant is a further demonstration of SABIC’s commitment to invest in innovation. “When it starts up next year, we will have considerably more capacity to develop new PP materials for commercialization in our current European assets in Geleen and in Gelsenkirchen, Germany,” says ... Read More »

SABIC EXPANDS ITS PORTFOLIO OF FOAMABLE POLYMERS

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The polymer foam-producing industry currently consumes around 25 million metric tonnes of plastics every year, and is expected to grow by close to 2.5% per year over the next ten years, mainly in building & construction, packaging, transportation, and also furniture. In the building & construction segment, there is a clear need for low-cost, energy-efficient houses that can be built quickly. In packaging, companies must create new designs that minimize the amount of material needed to ensure that packed contents arrive at consumers i... Read More »

SABIC INVESTS IN INNOVATIVE CHEMISTRY AND INAUGURATES STATE-OF-THE-ART RESEARCH CENTRE IN GELEEN, THE NETHERLANDS

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Official opening The 200 guests included Governor Theo Bovens representing the Dutch Province of Limburg, Mr. Sjraar Cox, Mayor of Sittard-Geleen, where SABIC is based, Bert Kip, CEO of Brightlands Chemelot Campus and Henny Jacobs, Director Investment Projects Netherlands, Foreign Investment Agency. With one push of the button, Governor Bovens and Peter Borman unveiled a work of art by Marcel Timmers, symbolizing engagement and expertise.   Bert Groothuis, Director Corporate Sustainability Europe: “This research centre is the lat... Read More »

Songwon Industrial Group announces Financial Results for Q1/2016

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Sales in Q1 totaled 183,074 Mil. KRW Gross profit increased over 2015 to 51,185 Mil. KRW The gross profit margin is at 28.0% Songwon had a promising start to 2016. With business remaining in line with its ambitious expectations, the company saw volumes sold exceeding those sold in Q1/2015. Strong customer demand, raw material and selling price stability, combined with smoothly operating production sites enabled Songwon to achieve acceptable margin results during the first three months of the year. During Q1/2016, EBITDA and EBIT margins ... Read More »

Songwon underlines its commitment to China’s polymer industry at Chinaplas 2016

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Over the past few years, Songwon has focused on strengthening its overall presence in China. With its JV partners, Songwon currently has two manufacturing facilities in China. Fully back integrated with a capacity of 8000MT, the first one is located in Tangshan and produces high quality thioester antioxidants for the Chinese market, as well as other key regions. Currently in the final stages of construction, the second world class facility, dedicated to production of SONGNOX® One Pack Systems, is located in the Qingdao area of Eastern China ... Read More »

SABIC LEXAN™ RESIN brings light and color to award-winning auditorium and conference center

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In addition to its eye-catching architectural design, the building is known for the use of innovative materials, made locally in Cartagena. SABIC supported this award-winning project through the development of a polycarbonate material with special luminescent pigments. The result is a special grade of LEXAN™ resin, a polycarbonate that enables light transmission and the creation of color effects inside and outside the building. Furthermore, LEXAN™ resin helps to absorb sunlight and to illuminate the corridors at night. A total of 110 tons of LE... Read More »

Songwon’s new manufacturing plant in Kizad, Abu Dhabi operational

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The facility is located in Khalifa Industrial Zone Abu Dhabi (Kizad), owned and managed by Abu Dhabi Ports – the master developer, operator and manager of ports in the Emirate. The new plant is dedicated to manufacturing One Pack Systems (OPS) − multicomponent, tailor made blends of additives in a pelletized form and then packaged in a clean, dust free environment, ready for shipping. With an initial capacity of 7’000 MT per annum, the manufacturing facility was specifically designed to allow for future expansion to meet the increasing demand f... Read More »

Songwon Industrial Group releases Financial Results for Q3/2015

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Sales in Q3 totaled 173,897 Mil. KRW Gross profit was 39,898 Mil. KRW Gross profit margin at 22.9% EBITDA increased by 87.5% over Q3/2014 The positive trend set in the first half of 2015 continued in Q3/2015. This was due to lower fuel prices, since early 2015, leading to a higher consumption of fuel and polymers. As a result, demand in the regions remained stable and strong. Songwon’s sales met expectations and its polymer stabilizers business experienced a robust Q3. However, in North, South and East Asia some volume decreases of non... Read More »

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