Songwon completes acquisition of SeQuent Specialty Chemicals

SINGAPORE –  Songwon Industrial Group has successfully completed its acquisition of SeQuent’s Specialty Chemicals business, which includes the polymer stabilizer business, the production site in Panoli and the local R&D division. This acquisition is another milestone for Songwon’s global strategy as it puts the company in a better position to serve customers in India. 

According to Giacomo Sasselli, EVP Manufacturing and Engineering at Songwon, India is one of the fastest growing polymer markets in the world and has great potential for the future. In this market, Songwon will be able to expand its  offering to customers globally with strategic products such as the phosphite stabilizer, SONGNOX PQ and other specialty chemicals.

The Panoli site is large and offers room for Songwon to expand its production base and its product offering.