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Clariant Antioxidants Cooperation to End

Published on 2006-09-18. Author : SpecialChem

Muttenz, Switzerland -- Clariant International Ltd and Songwon Industrial Co. Ltd. (Ulsan, Korea) announced that they mutually agreed to end their cooperation in antioxidants after many years of a successful partnership as of January 31, 2008. The decision follows as a result of a strategic re-orientation of both companies based on the global market development.

Until January 2008 Clariant group will continue to distribute antioxidants (1010, 1076, and 168 type) and related blends produced by Songwon Industrial. After the termination of the existing agreement, Clariant and Songwon will pursue their activities in antioxidants for the polymer markets independently.

Following this announcement, each company will communicate its own strategic approach individually to the market.

Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers. Clariant's Plastics Business is a global player in pigments and additives for the polymer industry.

Songwon Industrial Ltd. is a leading producer of antioxidants and heat stabilizers for the plastics industry, as well as plasticizers, lubricants, surface coating agents, polyurethane, antioxidants, alkyl phenols, biphenol, flocculants and other chemicals.

Clariant - Exactly your chemistry

Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.

Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play a key role in its customers' manufacturing and treatment processes or else add value to their end products. The company's success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions. Clariant, which is represented on five continents with over 100 group companies, employs about 23,000 people.

Clariant's businesses are organized in five divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Functional Chemicals, Life Science Chemicals and Masterbatches. The Pigments & Additives Division offers a wide range of high-quality organic pigments, pigment preparations, dyes, and additives for industrial and automotive coatings, paints, printing inks, plastics, and specialized applications, such as cosmetics, detergents, and agro.

Source: Clariant International Ltd


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