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| 2026-03-11, 08:13 |
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Songwon: Global Price Adjustment for Polymer Stabilizers and Coatings
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The South Korean specialty chemicals manufacturer Songwon Industrial Co., Ltd. has announced a global price adjustment for its polymer stabilizers and coatings product lines. Depending on the product and region, the increase will range between 12 and 20 percent and will take effect from April 15, 2026, where existing contracts permit. According to the company, the measure is a response to significantly increased costs for key raw materials. Songwon also pointed to ongoing pressure on operating margins as well as continuously rising transportation and logistics costs. The price adjustment is necessary to offset these cost developments. Advert The implementation of the price increase will take place in accordance with the respective contractual agreements with customers and in compliance with regional regulatory requirements. Songwon also stated that the company will work closely with its customers during the implementation of the changes. According to the company, the move comes against the backdrop of an overall volatile market environment.
More information: www.songwon.com |
Songwon Industrial Co., Ltd., Ulsan, Korea
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