The extended cooperation will allow the companies to focus on opportunities outside of Europe, particularly in automotive and agricultural applications and in the building and construction sector.
SONGWON Industrial Co. Ltd. recently announced that the worldwide exclusive distributorship (non-exclusive for Europe) with SABO S.p.A. for the SABOSTAB® HALS portfolio, which includes hindered amine light stabilizers (HALS) and oxanilide UV absorbers, has been extended. According to the company, furthering the cooperation will enable both organizations to maintain their market position and to continue pursuing their shared strategy for growth by focusing on opportunities outside of Europe, particularly in the areas of automotive and agricultural applications as well as in the building and construction sector.
“Over the years, the close collaboration between SONGWON and SABO is a fine and unique example of what can be achieved when two market leaders with a common mindset and shared values are driven by their deep joint commitment to respond to the demands of the industry and to the needs of their global customers,” said Elena Scaltritti, leader Group Commercial for SONGWON. “We look forward to building on our already strong partnership and generating further growth and success for both organizations.”