Songwon and QuingdaoLong Fortune in jv for China market

South Korean additives manufacturer, SongwonIndustrial Group,and Qingdao Long Fortune Chemical & Auxiliary Co. Ltd partnered for the production and sales for its One Pack Systems (OPS), and the sale of polymer stabilisers in China. The joint venture will be based in the Qingdao area of Eastern China. It will also set up an OPS plant, to be sited in the Pingdu County industrial park. Construction is expected to begin in the second quarter of this year; meanwhile, the plant is expected to be fully operational by the end of the first quarter in 2016.


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