SONGWON
German one pack systems producer Additive Technology Greiz acquired
In a deal whose financial terms were not disclosed, Songwon Industrial (Ulsan / Korea; www.songwonind.com) has announced the acquisition of one pack systems (OPS) producer Additive Technology Greiz (ATG, Kerpen / Germany; www.additive-technology-greiz.com). The purchase allows Songwon to start supplying its proprietary “Songnox” OPS to customers in larger volumes immediately. In addition, Songwon Industrial CEO Jongho Park said the acquisition opened the door to raising annual capacity by up to 12,000 t/y in the future. One pack systems combine several additives into an integrated, dust-free pellet form.

Founded five years ago, ATG produces dust-free polymer additive packages at its plant in Greiz / Germany. According to previous shareholder Peter Schmitt-Freise, the German company has enjoyed double-digit annual growth rates, constantly expanding its market share. Schmitt-Freise added that in order for ATG to continue on its growth track, it needs a strategic partner like Songwon, to benefit from a global reach and sales network, expertise and back integration in antioxidant production.
14.12.2011 Plasteurope.com [221088-0]
Published on 14.12.2011
Songwon: Übernahme von Additive Technology GreizGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 02.11.2024 01:18:31   (Ref: 638395697)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp