Today, Songwon Industrial Group, Pan Gulf Holdings of Saudi Arabia and Polysys Industries of Abu Dhabi proudly announce the establishment of their joint venture, Songwon Additives Technology, for the manufacture and sale of Songnox OPS.

This follows the signature of a Memorandum of Understanding (MoU) among the three partners announced on December 14, 2011.

Songwon Additives Technology, a holding company based in Switzerland, owns 100% of Songwon ATG (formerly Additives Technology Greiz), a European manufacturers of One Pack Systems (OPS), and is at an advanced stage of establishing manufacturing companies in the Middle East and United States.

In addition Songwon Additives Technology will establish a wholly owned subsidiary, Songwon Additives Technology Middle East, for the sale of Songnox OPS and other Songwon products. Sales of Songnox OPS in the rest of the world will be channeled through the existing Songwon sales and distribution network.