Songwon appoints Optima Kimya Sanayi ve Ticaret Ltd. Sti. as their exclusive distributor in Turkey and Iran

Istanbul, Turkey – March 31, 2008 – Songwon is continuing to meet its commitments to customers, as set out in the strategic plan in 2006, to establish a network of direct channels to its expanding range of products and services.

Optima Kimya Sanayi ve Ticaret Ltd. Sti., based in Istanbul, Turkey are the latest addition to the Songwon network and follow the appointments in 2007 of Banbury Chemicals for South Africa, SUN ACE Australia Pty. Ltd. for Australia and BPC Chemical Technologies for the Russian Federation, Ukraine, Belarus and CIS Countries.

As Dieter Morath, Executive Vice President of Songwon International, is keen to emphasize: “We have chosen a partner with a proven track record in meeting customer commitments and managing long standing relationships. Optima’s culture of customer care and speed to market is a perfect fit with Songwon. They will enable us to deliver our product and service portfolio efficiently to an expanding customer base and become the preferred solutions provider.”

Optima Kimya Sanayi ve Ticaret Ltd. Sti. has built its knowledge over the last 15 years in delivering raw materials and services to compounders who serve the expanding market focused on household appliance and automotive applications.

Optima is managed by two experienced partners Pinar Yeler and Yavuz Tor and, together with a highly competent and motivated team, they will be able to serve their customers from local stock from Songwon’s warehouse in Belgium (Antwerp) as well as from direct imports from Songwon in Korea.

Pinar and Yavuz are proud to have been chosen as the exclusive distributor by Songwon. They commented: “In the field of polymer additives, Songwon is a key player and is internationally known for delivering quality and service. Optima will be able to compliment the comprehensive range of Antioxidants and UV Absorbers to provide unbeatable value. These are exiting times as our market changes and capacity increases, Turkey is becoming an important supplier of compounds and molded parts and we will be ideally positioned to serve our customers as they grow. Turkey will also be the gateway to the Iranian market which is one of the leading antioxidant consuming countries with a very large petrochemical industry.”

Reader enquiries

Songwon Industrial Group
Walzmühlestrasse 48
8500 Frauenfeld
Switzerland
www.songwon.com

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Notes for editors

About Songwon Industrial Co., Ltd.

Songwon Industrial Co., Ltd. is a leading producer of Songnox™ Antioxidants, Songlight™ Hindered Amine Light Stabilizers, Songsorb™ Ultraviolet Light Absorbers, Heat Stabilizers for the plastics industry, as well as plasticizers, lubricants, surface coating agents, polyurethane, alkyl phenols, biphenol, flocculants and other chemicals. The Songwon Group of Companies includes Songwon Industrial Co., Ltd., Songwon International AG, Songwon International – Americas Inc., Shanghai Songwon Brilliant Chemicals Co., Ltd., Songwon International – India, and Matsubara Bussan Co., Ltd.

Songnox, Songsorb and Songlight are trade marks of Songwon Industrial Co., Ltd.

About Optima Kimya Sanayi ve Ticaret Ltd. Sti

Optima Kimya Sanayi ve Ticaret Ltd. Sti is a distributor of polymer additives in Turkey and Iran for the plastics, coatings and specialities market. The management team, led by partners Pinar Yeler and Yavuz Tor, together have more than 20 years experience in the additives arena. Their head office is based in Istanbul.