Ulsan, Korea – May 18, 2009 – Songwon is pleased to announce the establishment of Songwon Japan KK to confirm its position as global contender and regional leader in the polymer additives market.

Songwon Industrial Co., Ltd. has recently been recognised by Frost and Sulivan for its excellence in growth strategy and subsequent market penetration with the 2008 Frost & Sullivan Global Plastic Packaging Additives Market Growth Strategy Leadership Award.

A clear demonstration why Songwon has won this prestigious award is the incorporation of Songwon Japan KK, which will allow customers in Japan greater efficiency through local distribution of products and high level of local services..

“This is a logical step forward for us to make”, stated Jongho Park, Chairman and CEO of Songwon Industrial Co., Ltd. “It is in line with the Songwon International entities we have put in place in Europe and the Americas to make us a truly global leader in the polymer additives arena. Japan is the third largest plastics market globally, Songwon Japan KK recognizes the demand for our products and the need to meet the highest levels of service for this exciting and sophisticated market in line with Songwon’s global commitment to service excellence”.

Leading the team at Songwon Japan KK. is Mr. Ikuo Wakasugi who joined the Songwon group in April 2009. With more than 30 years of experience in the polymer additives industry in Japan Mr. Wakasugi brings along an intimate understanding and knowledge of customers and market expectations enabling Songwon Japan KK to become a preferred partner to the Plastics Industry in Japan.

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About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Heat Stabilizers for the plastics industry, as well as plasticizers, lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Shanghai Songwon Brilliant Chemicals Co., Ltd., Songwon International – India, and Songwon Japan KK.

Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.

For further information and clippings, please contact:
Europe
Songwon International AG
Dieter Morath, Executive Vice President EMEA
Breitenstrasse 16
CH-8501 Frauenfeld
Switzerland
Tel: +41 52 635 0000
E-mail: dmorath@songwonind.com

Asia
Songwon Industrial Co., Ltd.
737-2 Yochon-dong, Nam-Gu
Ulsan 680090, Korea
Tel: +82 522 739 841
Fax: +82 522 723 528
E-mail: info@songwonind.com

Shanghai Songwon Brilliant Chemicals Co., Ltd.
Min Tian
Shenfu Road, Jiuting
Songjiang District,
Shanghai 201615, China
Tel: +86 1390 1731 931
Fax: +86 215 4450 988
E-mail: mtian@songwonind.com

Songwon International – India
Nilesh Mehta, Manager Songwon International-
India/Sales Manager South East Asia
Flat No. 307, B-Wing Kalpataru Building
Satya Nagar, Borivali (West)
Mumbai 400 092, India
Tel: +91 222 861 2053
Mobile: +91 982 055 6971
Fax: +91 222 861 2052
E-mail: nmehta@songwonind.com

USA
Songwon International – Americas, Inc.
James J. McGinley, President Songwon International - Americas, Inc.
Toll Free: +1 877 SONGWON
Direct: +1 281 648 1585
Fax: +1 713 456 1812
E-mail: jmcginley@songwonind.com

Agency Contact:
Marketing Solutions
Kevin Noels
P.O. Box 58
4600 AB Bergen op Zoom
The Netherlands
Tel: +31 164 317 011
E-mail: knoels@marketingsolutions.be