Songwon Industrial Co., Ltd. today announced a global price increase of 8% - 12% on a majority of its SONGNOX®, SONGSORB® and SONGXTEND™ product range of polymer stabilizers for the plastics industry.

Ulsan, Korea - November 20, 2014 - Songwon Industrial Co., Ltd. today announced a global price increase of 8% - 12% on a majority of its SONGNOX®, SONGSORB® and SONGXTEND™ product range of polymer stabilizers for the plastics industry.

The increase is effective for all orders invoiced on or after December 15, 2014 or as contracts allow.

However, this price increase does not apply to Japan. Songwon already announced a 15% increase in Japan in line with the different dynamics and economical needs of the region.