Songwon appointed Dongbek Park as its new chairman of the board of directors, said the company.
Dongbek Park will take over responsibility as chairman and outside director from CEO Jongho Park, who will remain a member of the board of directors. Before retiring in 2014 Dongbek Park amassed extensive experience working in the chemicals industry and held various senior management positions at Songwon over the years.
“We welcome his broad background and vast experience in the industry, which will allow us to further strengthen the Songwon Group,” said CEO Johngho Park. As part of this restructuring, Songwon’s board will consist of four directors.
As well as Jongho Park, Hans-Peter Wuest and Choung-Sik Kim will continue to serve as Songwon’s executive board members and inside directors. “Songwon’s Board of Directors thanks the former members of the Board, Dieter Morath, Markus Oppliger and Gerhard Schlosser for their many years of dedication and commitment to Songwon,” the company said in a statement.
As per MRC, in October 2021, Gazprom Neftekhim Salavat LLC (GNS) signed an agreement for the development of a basic design and a license agreement for the use of Songwon Industrial technology. The contract makes it possible to organize the production of superabsorbent polymers (SAP) based on acrylic acid at the enterprise. The new production will be a continuation of the chain of processing of acrylates into superabsorbent polymers. In the manufacture of products will be used its own raw materials - butanol and propylene.
Songwon Industrial Co., Ltd. - the second in the world in terms of production of polymer stabilizers. The company's product range includes polymer stabilizers, alkylphenols and alkylcresols, PVC stabilizers, plasticizers, organotin, polyurethanes, flocculants. The company's headquarters is located in Ulsan, Korea.
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