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 »
Tag: Songwon Industrial Co.
Increasing the prices is a necessary step to offset the rising cost of key raw materials including Octyl- and tin- feedstock and utilities. Driven by solid demand and tight supply, Songwon anticipates that both feedstock and utility prices will remain unpredictably volatile and high. The price increase affects all Songwon’s Octyl tin products including mono-, di-, tri- and tetra-octyl tin. Further information on Songwon products is available at: www.songwon.com. About Songwon Industrial Co., Ltd. Songwon Industrial Co., Ltd. is a l... Read More »
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. ... Read More »