- Songwon Industrial Co., Ltd. (www.songwon.com) one of the leading global polymer stabilizer manufacturers, will increase its global selling price of the SONGNOX® Antioxidants product range of by 5 – 8% depending on product family. The increase will be effective on orders received on or after May 15, 2014, or as contracts allow.
- Ulsan, Korea – April 14, 2014 –
- SWPR114EN0414 Price Increase
The primary driver for this necessary increase is to re-establish reinvestment value of this business to support the growing demand in the market following the recent cost increases for raw materials and others.
Within the SONGNOX® Antioxidants product range, the increase will apply to Phenolics, Phosphites, Thioesters and Blends.