Songwon Industrial Co., Ltd. announced that it has appointed Hans Werhonig as Leader Group Commercial and a member of SONGWON’s Executive Committee from December 1st, 2022. Reporting directly to the Group CEO, Werhonig will spearhead SONGWON’s strategy and be responsible for the sales, marketing and commercial operations of SONGWON’s businesses Polymer Stabilizers, Fuel and Lubricant Additives, Coatings, Tin Intermediates/PVC and TPU/SPU. A Swiss national, Werhonig has more than 20 years of experience in commercial and marketing leadership roles, mostly in the Asia-Pacific region, and brings vast expertise and knowledge of the polymer industry, including antioxidants, flame retardants and plasticizers to his new role at SONGWON. He will be based in Frauenfeld, Switzerland. SONGWON also announced the appointment of Peter Schmitt-Freise who has been with SONGWON since 2012, as the new Business Unit Leader Polymer Stabilizers, effective November 1st, 202...

Chemplast Sanmar Limited (CSL), a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors, proposes to open its Initial Public Offering (IPO) on August 10, 2021. The price band of the offer has been fixed at Rs. 530 – Rs. 541 per equity share. Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter. The offer consists of equity shares of face value of Rs. 5 each of Chemplast Sanmar Limited aggregating up to Rs. 3,850 crore. The offer consists of a fresh issue aggregating up to Rs. 1,300 crore by the company and an offer for sale aggregating up to Rs. 2,463.44 crore by Sanmar Holdings Limited and up to Rs. 86.56 crore by Sanmar Engineering Services limited.  The company proposes to utilise the net proceeds from the fresh issue towards – Early redemption of NCDs issued by the co...