ULSAN, SOUTH KOREA: Songwon Industrial Co Ltd, a leading developer and manufacturer of polymer additives said that it will increase the global selling prices of its polymer stabilisers and speciality antioxidants products.
The increase will range between 5 percent and 8 percent.
Recent cost escalations in key raw materials combined with the need to reach profitability that supports reinvestment have made the increase inevitable.
Within the polymer stabilisers product range, the increase will apply primarily to SONGNOX 6260, SONGNOX 6280, SONGNOX 2590, SONGNOX PTBP, SONGNOX 1077 and SONGNOX 6180 as well as to AO FR and AO RD within the speciality antioxidants product range.
© Worldofchemicals News
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