07.05.2015 • NewsDede WillamsSongwonjoint venture

Songwon Agrees One-Pack Systems JV in China

Korean chemical producer Songwon has signed a joint agreement with China's Qingdao Long Fortune Chemical & Auxiliary (QLF) covering production and sale of its One Pack Systems (OPS) and the sale of polymer stabilizers in China.

The jv will be based in the Qingdao area of eastern China, and the agreement further includes investment in a state-of-the-art OPS plant in the Pingdu County industrial park. Construction is planned to start at the end of the second quarter with full run expected by the end of the first quarter of 2016.

Songwon said the new facility will provide customers with innovative additive formulations in customized, dust free and easy disposable product forms. This, it said, positions the jv to become a preferred supplier to the polymer industry in China.

Jongho Park, CEO of the Korean company, said the partnership with "a competent partner that has such a superb reputation among all the major Chinese polyolefin manufacturers," offers Songwon the opportunity to build a manufacturing presence in China and further strengthens its ambition to become a leading polymer stabilizer supplier in this important region."

Free Virtual Event

Vaccine Manufacturing
Bioprocess Forum

Vaccine Manufacturing

Join global experts and innovators for a two-day virtual event exploring the latest breakthroughs and best practices in vaccine manufacturing. Discover how new technologies and process innovations are shaping the future of vaccine production, safety, and scalability.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

most read

Photo
22.04.2025 • News

BASF Divests Two Joint Ventures in China

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd.

Photo
13.03.2025 • News

Roche and Zealand Pharma Collaborate on Weight Management Drug

Swiss pharma heavyweight Roche announced has entered into an exclusive collaboration and licensing agreement with Denmark’s Zealand Pharma. Under the terms of this agreement, the two companies will collaborate to co-develop and co-commercialize petrelintide, Zealand Pharma’s amylin analog as a standalone therapy as well as a fixed-dose combination with Roche’s lead incretin asset CT-388.