As part of its global expansion strategy, Songwon Industrial Ltd. (Ulsan, South Korea; www.songwon.com) has commissioned a second thermoplastic urethane (TPU) production line, to become operational in the fourth quarter of 2017. The company’s plant in Suwon, South Korea will be extended to increase TPU production capacity from 7,000 to 12,000 metric tons per year (m.t./yr).
The company has established sales organizations in Asia, Europe and North America, and now plans to expand its global business by offering a broad portfolio of technically advanced, customized urethane products. The new production line will allow the manufacture of an extended range of cutting edge TPU extrusion grades for wire & cable and film & sheet applications.
“Songwon is strongly committed to continuous innovation,” says Kyuyeol Lee, Leader of the Performance Polymers business. “We are making use of our extensive R&D capabilities, industry knowledge and manufacturing experience to develop and produce new, groundbreaking TPUs. The second production line in Suwon will enable us to meet the demand for these products and help our customers worldwide to fulfill their end-use requirements.”
The TPU sector continues to be a prime focus for Songwon and work on further products and technologies is ongoing.