Ulsan, Korea – June 18, 2009 – Songwon Industrial Co. Ltd. is pleased to announce that its new
$20 Million isobutylene (IBL) production facility, located at the Maeam site in South Korea, has been successfully commissioned and is now fully in production.

Jongho Park, Chairman and CEO of Songwon Industrial Co., Ltd. commented; “This is a landmark event and demonstrates our determination to deliver on the commitments we have made to our customers. It represents a number of milestones for the chemical world; not only is it the first large scale IBL production facility globally – with a total capacity of 30,000 tons; it is also based on proprietary TBA (t-butanol) cracking technology. This will ensure that our quality is consistently of the highest level and that commercially we will be a strong competitive force in the market place. I am particularly proud of the environmental benefits we have achieved in this new IBL process”.

Songwon has invested heavily in developing ground-breaking proprietary technology to enhance its broad product range. Catalytic cracking of TBA has a number of key advantages in comparison with the other technologies to produce IBL, which are mostly derived from oil. Songwon is no longer affected by the volatile market pricing of IBL, which is an important component in its wide range of antioxidants, and will use less energy to achieve its production volume.

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, please contact:

Europa
Songwon International AG
Dieter Morath, Geschäftsführer & Vizepräsident Europa, Mittelost, Asien (EMEA)
Breitenstraße 16
CH-8501 Frauenfeld, Schweiz
Tel. +41 52 635 0000
E-mail: dmorath@songwonind.com

USA
Songwon International – Americas Inc.
James J. McGinley, Präsident Songwon International – Americas Inc.
Tel. gebührenfrei +1 877 SONGWON
Tel direkt +1 281 648 1585
Fax +1 713 456 1812
E-mail: jmcginley@songwonind.com

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please contact:
Marketing Solutions
Kevin Noels
P.O. Box 58
NL-4600 AB Bergen op Zoom, Niederlande
Tel. +31 164 317 011
E-mail: knoels@marketingsolutions.be

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 173 1931
Fax +86 215 4450 988
E-mail: mtian@songwonind.com

Songwon International – India
Nilesh Mehta, Leiter Songwon International – Indien & Vertriebsleiter Südostasien
Flat No. 307, B-Wing Kalpataru Building
Satya Nagar, Borivali (West)
Mumbai 400 092, Indien
Tel. +91 222 861 2053
Mobil +91 982 055 6971
Fax +91 222 861 2052
E-mail: nmehta@songwonind.com

Songwon Japan KK
47-11 Higashi Nippori 5-Chome
Arakawaku, Tokyo, Japan
Tel: +81 3 3805 2551
Fax: +81 3 3801 9172
E-mail: swtokyo@songwonind.com