Songwon’s thioester antioxidants JV operational in China

Songwon’s thioester antioxidants JV operational in China

5:59 AM, 21st November 2012
Songwon’s thioester antioxidants JV operational in China
Jongho Park, Chairman, CEO and Head of Songwon Industrial Group Executive Committee and Weiqi Zhang, Chairman of Tangshan Baifu Chemical Co Ltd, signing the agreement in 2010, to establish a joint venture to manufacture and sell Thioester antioxidants.

ULSAN, KOREA: Songwon Industrial Co Ltd and Tangshan Baifu Chemical Co Ltd joint venture has formed a new company, Songwon Baifu Chemicals (Tangshan) Co Ltd, commencing operations on July 1, 2012. With production capacity of 8.000 metric tonne of thioester antioxidants and the required key intermediate capacity Songwon Baifu Chemicals (Tangshan) Co Ltd is now fully integrated into Songwon’s global operational processes. 

“Songwon Baifu Chemicals (Tangshan) delivers an important component to our product portfolio. We are committed to supplying the global market with a broad range of thioester products to complement our extensive range of polymer stabilizers,” said said Jongho Park, Chairman, CEO and Head, Executive Committee, Songwon Industrial Group.

“Our customers will benefit from the strong technical capabilities of our partner, Tangshan Baifu Chemical, who has invested in worldscale capacity and backwards integration of key intermediates,” added Park.

“Our strong commitment and long standing expertise in operating a world class thioester plant, is perfectly balanced with Songwon’s global presence, broad product range and complementary technologies,” said Weiqi Zhang, Chairman of Tangshan Baifu Chemical Co Ltd and also the Chairman of Songwon Baifu Chemicals (Tangshan) Co Ltd.

Thioesters such as DLTDP, DSTDP, DTDTP and DMTDP, marketed and sold as Songnox Thioester Antioxidants, are widely used in PE, PP, ABS, HIPS, polyester and polyamide, as well as other materials.

© WOC News

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