Ulsan, South Korea – PU additives and polyurethane producer Songwon reported an increase in sales of polyurethanes during Q3, 2014 compared to Q3, 2013.
Polyurethane sales were KRW12,355m (EUR9m) during this year's third quarter, a 14.4% hike on Q3, 2013.
Over the nine month period to September, 2014, the company’s polyurethanes sales reached KRW35,625m, 6.8% higher than the first nine months of last year.
The company produces materials for synthetic leather, adhesives and ink binders, catalysts - hardeners and accelerators for adhesive systems, surface coating agents and thermoplastic polyurethanes. Overall, the polyurethanes segment accounted for 7.5% of company sales during Q3, 2014, the report said.
XE Currency conversion: 14 November, 2014