10/14/2010

Songwon International AG

Songwon chosen to be part of the Kospi 200 Index and received an upgrade of its credit rating

Ulsan, Korea – October 13, 2010 – Songwon Industrial Co. Ltd has announced that its credit rating has been upgraded to A- effective September 6th, 2010.

In addition to the upgraded credit rating, Songwon Industrial Co. Ltd announced that its stock has been chosen by KRX(Korea Stock Exchange) to be part of the Kospi 200 Index. KOSPI 200 is the underlying index for stock index futures and options and consists of 200 constituents selected from all issues listed on the KRX-Stock Market. Constituents are chosen based on factors such as liquidity and how well they represent their respective markets and industries.

Jongho Park, Chairman and CEO of Songwon Industrial Co., Ltd. commented: “We are extremely proud of the improved credit rating and honored that our stock has been chosen to be a constituent of the Kospi 200 index. This reflects the significant strengthening of the Group’s financial position over the last two years and recognizes the impact of our business and operations around the world. These achievements are a confirmation that the strategic direction we have implemented in the last three years has been extremely effective. This is a tremendous boost for our confidence and reinforces our commitment and determination to strive for excellence in our business and for our customers”.

Songwon Industrial Co., Ltd. is exhibiting at K’ 2010 in Düsseldorf, Germany
in Hall 6, Stand C79.

Please join the Songwon press conference, October 29 at 11:00am, CCD South Room 7B.

This press release can be downloaded from www.PressReleaseFinder.com
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About Songwon Industrial Co., Ltd.
Songwon Industrial Co., Ltd. is a leading producer of Songnox® Antioxidants, Songnox® One pack systems, Songlight® Hindered Amine Light Stabilizers, Songsorb® Ultraviolet Light Absorbers, Songstab™ Acid Scavengers, Songstab™ PVC Stabilizers, Songcat™ Tin Intermediates, Songcizer™ Plasticizers for the plastics industry, as well as lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Songwon Trading (Shanghai) Ltd., Songwon International – India, and Songwon Japan KK.

Songnox, Songsorb and Songlight are registered trade marks of Songwon Industrial Co., Ltd.
Songcat, Songcizer and Songstab are trade marks of Songwon Industrial Co., Ltd.
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