Speciality chemicals producer Songwon has started production of its Songnox multifunctional phenolic antioxidant at its Panoli plant in Gujarat, India. The Panoli site was acquired from Sequent in 2014. In the last three years, the company has invested in the Panoli site to develop it into a hub for specialty chemicals, including Songnox.
Songwon has completed the acquisition of Sequent’s Specialty Chemicals business, including the polymer stabilizer business, the production site in Panoli and the local R&D division. Now, the Koreans have set their sights n the Indian markets.
Songwon's integrated antioxidants polymer additives production plant in Maeam announces full production status ahead of time, increasing its production capacity for antioxidants from 55.000 to 70.000 tons.