South Korea’s Songwon Industrial Group (Ulsan; www.songwonind.com) has completed its purchase of the specialty business of SeQuent Scientific (Bangalore / India; www.sequent.in) – see Plasteurope.com of 29.04.2014. The acquisition includes the polymer stabiliser business, a large production site in Panoli, Gujarat / India with room to expand, and local R&D assets. Songwon said the purchase puts it in a stronger position to better meet the needs of its customers in India.

Giacomo Sasselli, Songwon’s executive vice-president manufacturing and engineering, said: “We are committed to helping our customers in India successfully grow their businesses and our goal is to be a leader in servicing this market. This region is one of the fastest growing polymer markets in the world and has great potential for the future.” He added that Songwon will focus on developing new products and solutions that give its customers, globally and especially in India, a competitive advantage.