SABO S.p.A. is pleased to announce today that the worldwide exclusive distributorship (non-exclusive for Europe) with SONGWON Industrial Co., Ltd. for the SABOSTAB® HALS portfolio which includes hindered amine light stabilizers (HALS) and oxanilide UV Absorbers has been extended.
Furthering the cooperation will enable both organizations to maintain their leading 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 & construction sector.
“SABO has enjoyed consistent collaborative success with SONGWON for almost a decade. We are very pleased with the extension of our partnership which has been built on solid trust and shared expertise, and we value the opportunity to continue combining our strengths and capabilities to achieve our ambitious business goals in the polymer additives arena,” says Alberto Vischetti, Vice President – Polymer Additives at SABO S.p.A.
Commenting on the extended partnership, Elena Scaltritti, Leader Group Commercial at SONGWON said: “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. We look forward to building on our already strong partnership and generating further growth and success for both organizations.”
Earlier in 2021, the two industry leaders also renewed their strategic cooperation within the Coatings Business to develop and manufacture new HALS products for high-end applications offered to the markets by SONGWON under the SONGSORB® CS brand.