Songwon Industrial Co, Ltd has entered a partnership with Disheng Technology Co Ltd, located in Jiangsu Province, China for the production of some of its comprehensive range of UVA light stabilisers.
After successfully co-operating for several years, both companies recognised it was an opportune time to expand their collaboration and enter into a strategic long term agreement for a range of SONGWON’s UV Absorbers.
Disheng is currently in the process of building a new state-of-the-art factory dedicated to light stabilisers in Fujian Province, China, to become one of the largest producers of light stabilisers worldwide.
Within the framework of the partnership, Disheng will supply Songwon with a wide range of its UVAs (Songsorb® and Songsorb® CS) for plastics and coatings applications.
The products will be sold globally under Songwon trademark.
In partnership, the companies will:
- Ensure the availability of best-in-class products, processes and EHS practices
- Further strengthen Songwon’s supply reliability for this product range thanks to reserved production capacities
- Closely cooperate on a technology level for the development of future light stabilisers
“Entering into a partnership with a highly regarded and technically competent company, such as Disheng, that ensures long term and reliable access to additional capacity for key products, represents a significant step towards realising our strategic plans going forward,” said Maurizio Butti, CEO of Songwon Industrial Group.
“It will not only support long term growth but more importantly it will enable Songwon to continue delivering the sustainable supply reliability our customers expect.”
"We are proud to be partnering with Songwon, who will leverage its global reach and leading position in polymer and coatings stabilisers to market the products, while Disheng will focus on managing the manufacturing side.
"In this way we can make the best use of both companies’ complementary strengths” said Mr Xingping Pan, President of Disheng Group.