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Categories
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Pharmaceutical Intermediates
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Active Pharmaceutical Ingredients
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Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
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Organic Chemistry
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Biochemical Engineering
- Analytical Chemistry
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Cosmetic Ingredient
- Water Treatment Chemical
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Pharmaceutical Intermediates
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Sales in 2019 totaled a record 814.
340 billion won
340 billion won
Fiscal year net profit totaled KRW 35.
008 billion
008 billion
SONGWON's gross margin maintained at 20.
4%
4% SONGWON's gross profit margin maintained at 20.
4%
March 05, 2020 – SONGWON Industry Group reported its financial results for the 2019 fiscal year
.
core
Against the backdrop of ongoing geopolitical challenges and macroeconomic uncertainty in FY2019, SONGWON noted weak and volatile demand across the industry, while competition in some markets was brutal
.
A slowdown in global demand, especially in industries such as automotive and electronics, coupled with a year-end compression of inventories, had a negative impact on the overall performance of SONGWON Industrial Group's Performance Chemicals division in 2019
.
During the year, SONGWON further strengthened its competitive position by focusing on developing a more comprehensive portfolio of high-quality sustainable solutions
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Going forward, SONGWON expects challenging environments, political uncertainty and market volatility to continue throughout fiscal 2020, resulting in unpredictable demand
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Going forward, the Group intends to continue its current strategy of ensuring the highest level of operational efficiency by investing in the latest technologies, while still focusing on properly managing its global business and expenses to further enhance its position in the industry
.
Chinese fine
