2010•Additives for PolymersRequires access

Songwon signs joint venture agreements with HPL Additives and Tangshan Baifu

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Abstract

Polymer additives specialist Songwon Industrial Co, Ltd of South Korea has signed a letter of intent with India's HPL Additives Ltd concerning the formation of Songwon HPL Additives PVT Ltd as a joint venture (JV) for the production and marketing of polymer stabilizers. Elsewhere, the company has also finalized an agreement with Tangshan Baifu Chemical Co Ltd to establish an antioxidants JV in China. Together these initiatives will improve Songwon's access to fast-growing markets in India, the Middle East and China.

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Key concepts: Joint venture, China, Business, Joint (building), Production (economics), Commerce, Finance, Agricultural economics