2014-2016 Exhibitions
Having completed the acquisition of SeQuent’s Specialty Chemicals business, South Korean Songwon Industrial Group says it is now in a stronger position to better meet the needs of current and future customers in India. The acquisition includes the polymer stabiliser business, the production site in Panoli and the local R&D division, has been completed according.
“We are committed to helping our customers in India successfully grow their businesses and our goal is to be a leader in servicing this market,” said Giacomo Sasselli, EVP Manufacturing and Engineering. “This region is one of the fastest growing polymer markets in the world and has great potential for the future. We will be able to expand Songwon’s offering to customers globally with strategic products such as the phosphite stabiliser, Songnox PQ and other speciality chemicals. Leveraging the state-of-the-art facility, the knowledge of Songwon group and the local R&D team’s extensive experience and high level of competence, we will focus on the development of new products and solutions that give our customers globally, and especially in India, a competitive advantage.”
The Panoli site is large and offers room for Songwon to expand its production base and its product offering.
Commenting Nilesh Metha, Managing Director of Songwon India says that with the company’s stronger position in India, it will now be able to offer its customers customised support.
(PRA)
