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On October 28th Songwon Industrial Co.,Ltd.and Tangshan Baifu Chemical Co. Ltd. (Baifii)announced that they have reached a definitiveagreement to establish a joint venture to manufactureand sell thioester antioxidants. Thenew company will be named Songwon BaifuChemical Co. Ltd. and will be operational effectiveQ1,2011,subject to all necessary legalapprovals. The new company will have acapacity of 6 000 tons of thioester antioxidantsper year. Songwon will initially own a
On October 28th Songwon Industrial Co., Ltd. and Tangshan Baifu Chemical Co. Ltd. (Baifii) announced that they have reached a definitive agreement to establish a joint venture to manufacture and sell thioester antioxidants. The new company will be named Songwon Baifu Chemical Co. Ltd. The new company will have acapacity of 6 000 tons of thioester antioxidantsper year. Songwon will initially own a