NEWS


Weaker 2025 results for Songwon


South Korean chemical company Songwon’s full year financial report for 2025 shows revenue totalling 1,039,162m KRW (€603m), a 2.9% decline compared to FY 2024, and EBITDA of 61,409m KRW (€36m), down 40% from the previous year. The company indicated


that overall it started 2025 strongly, but as the year progressed market conditions steadily deterio- rated. In the fourth quarter, macroeconomic challeng- es, combined with weak end-market demand and currency pressures, had a serious adverse effect. The Industrial Chemi- cals division in particular faced a challenging Q4 2025, with slowing demand, intensified competition, high energy costs in Europe, and US trade measures affecting Asian markets. Polymer Stabilizers recorded lower revenues due to increased product availability and heightened pricing pressure from Asia. � https://songwon.com


Global Polymer Solutions gets new member in Spain


Spanish PVC stabiliser and additives producer Asúa has become the latest company to join the expanding Global Polymer Solutions masterbatch and com- pounds group. Founded in 1954 and


headquartered in Bilbao, Spain, Asúa manufactures tailor-made one-packs of calcium zinc heat stabilisers and other additives for PVC applications, and has a strong presence in Europe and the Americas. Ignacio Trueba will continue as CEO.


In joining the Global


Polymer Solutions group, Asúa contributes expertise in customised heat stabilis- ing systems, strong formula- tion and application


know-how, as well as long-standing relationships with blue-chip customers, particularly in pipes/fittings


and wire/cable applications, said the new owner. Giuseppe Giusto,


Executive Chairman of Global Polymer Solutions said Asúa’s expertise in heat stabilisers and other


additives complements the group’s strengths in colour, additives and specialty compounds. Global Polymer Solutions


has brought together Asúa (Spain), Delta Tecnic (Spain), Ultrabatch (Italy), Master- batch (Italy), Eurocolor (Italy) and Polytechs (France) in a group that generates more than €220m in annual revenue and operates eight production sites in Spain, France, Italy, and Mexico. �www.asua.com � https://deltatecnic.com


Grupa Azoty reaches agreement


Grupa Azoty has signed a preliminary agreement with Orlen for the sale of GA Polyolefins for a sum of PLN 1.183bn (€278m). The agreement was made possible through a settle- ment with Hyundai Engi- neering, a shareholder of GA Polyolefins, which prompted the withdrawal of claims previously filed with the Vienna International Arbitral Centre (VIAC). “Resolving the Polimery


Police Project is a turning point for Grupa Azoty and addresses one of our most significant investment and financial challenges,” said Marcin Celejewski, President of the Management Board of Grupa Azoty. “By transfer- ring the project to a partner with strong downstream petrochemical capabilities, we are relieving the organi- sation of part of the debt that has been limiting our operational flexibility.”


As part of the transaction, Orlen will provide capital to finance the implementation of the arrangement and repay liabilities. In addition, the investor will grant GA Polyolefins a loan to finance ongoing operations, ensuring liquidity until completion of the process. Grupa Azoty companies will continue commercial relationships with GA Polyolefins on market terms. � https://grupaazoty.com


Polykemi plant adds recycling capacity


Polykemi and Rondo Plast have installed a ReadyMac recycling machine at their Swedish plant, adding 2,500 tonnes/yr of capacity. Until now, the focus of PCR materi- als had been on PP and PE but in future, engineering plastics such as PC, ABS, PS, and PA can also be processed. According to the companies involved,


12 COMPOUNDING WORLD | May 2026


this is made possible in part by high performance laser filters. “With the ReadyMac, we manage a


larger part of the process and can handle recycled plastic at an earlier stage than before,” said Magnus Andersson, Production Manager at Polykemi Group. He said the invest- ment allows it to add process stabilis-


ers to the material during upgrading and improve quality. Over the past two years, Polykemi


and Rondo have invested almost SEK 25m (€2.3m) with a view to increasing production capacity by around 7,500 tonnes/yr. �www.polykemi.se �www.rondoplast.se


www.compoundingworld.com


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