Songwon Overview
Company Headquarters: Ulsan, South Korea
Workforce: ~1000
Founded: 1965
Company Working: Songwon engages in the production and supply of petrochemical products. The company caters to various end-use industries including adhesives, coatings, agriculture, automotive, building and construction, electrical and electronics, consumer goods, lubricants, packaging, and textiles. The company has nine manufacturing plants, three in South Korea, two in China, and one each in the US, India, and the UAE. It is the world’s second-largest producer of polymer additives and a key player in the global specialty chemicals business. Songwon’s other product lines include lube antioxidants, PVC additives, and polymers.
Strategy
Songwon aims at becoming a major global specialty chemicals company. The company has invested substantially in the research and development of its specialty chemicals product line. For instance, in 2017, it opened a new technological innovation center in Maeam, South Korea.
