SONGWON increase prices due higher freight rates

SONGWON to increase prices due to higher freight rates

9:35 AM, 8th December 2020
SONGWON-headquarters-Ulsan-South-Korea
SONGWON Industrial Co Ltd's headquarters in Ulsan, South Korea. (File Photo)

ULSAN, SOUTH KOREA: SONGWON Industrial Co Ltd said its prices for all products will be raised by 2 to 5 percent, depending on the business line and region.

These price increases are a consequence of the sudden escalation of freight rates that took place on most routes and are effective as of 1 January or as contracts allow.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


IFF gets nod to combine with DuPont's Nutrition & Biosciences business

IFF gets nod to combine with DuPont’s Nutrition & Biosciences business NEW YORK/WILMINGTON, US: IFF and DuPont said it intention to co ...

Read more
Equinor shuts down Tjeldbergodden methanol plant on fire incident

STAVANGER, NORWAY: A fire with smoke development was reported on 2 December at 14:40 pm in a compressor house at the methanol plant at Tjeldbergodden, ...

Read more
Brenntag to distribute Elementis' products in Canada

READING, US: Brenntag Canada Inc, part of Brenntag Group, said it has signed an agreement with Elementis Specialties Inc for distribution in Canada. ...

Read more
NMDC's Donimalai iron ore mine resumes operations in Karnataka, India

HYDERABAD, TELANGANA: The long pending issue of Donimalai iron ore mine of NMDC Ltd, which was suspended since November 2018, has finally concluded th ...

Read more
Odfjell to acquire Lindsay Goldberg's JV stake in Korea terminal

BERGEN, NORWAY: Odfjell SE said it has agreed with Lindsay Goldberg (LG) to acquire their indirect 24.5 percent shareholding in Odfjell Terminals Kore ...

Read more
LG Chem launches new battery firm LG Energy Solution

SEOUL, SOUTH KOREA: LG Chem Ltd said it has officially separated the battery business and launched it as LG Energy Solution - a separate business unit ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X