Songwon Group’s (SONGWON) revenue and profits declined in the third quarter of 2023
• Total consolidated sales in Q3 2023 reached KRW 247.867 billion • Gross profit margin of 14.7% • Net profit reached KRW 9.372 billion in Q3 2023 SONGWON Industrial Group released its financial resul…
Competition in the bimetallic wear-resistant steel plate industry is fierce and industry profitability has declined.
Bimetallic wear-resistant steel plate is a plate product specially designed for large-area wear conditions. It is a combination of a certain thickness of high hardness and wear resistance on the surfa…
my country’s barium carbonate industry chain has been formed and output has declined.
Barium carbonate is an inorganic substance with the chemical formula BaCO3. It mostly appears as white powder under normal temperature and pressure. It is insoluble in water, but easily soluble in str…
Affected by the downstream market, the demand for nitrocellulose in my country has gradually declined.
The chemical name of nitrocellulose is cellulose nitrate or nitrocellulose. It is one of the nitrate derivatives of cellulose. It mostly appears in the form of white or slightly yellow fibers under no…
my country’s polyester industrial yarn production has gradually increased while exports have declined.
Polyester industrial yarn belongs to a subcategory of synthetic fibers and refers to polyester filaments used in industrial fields. It has the advantages of heat resistance, wear resistance, fatigue r…
The DOTP preparation process has basically matured and the output has declined.
Dioctyl phthalate (DOTP) is a polyvinyl chloride (PVC) plasticizer with excellent performance. It is insoluble in water, but soluble in general organic solvents. It mostly appears as a transparent oil…
Affected by the downstream market, the scale of my country’s water-based printing glue market has gradually declined.
Water-based printing glue is a slurry made by mixing polyurethane emulsion, polyacrylate emulsion, etc. as water-based resin fixatives and additives. Water-based printing glue can be mixed with pigmen…
my country’s petroleum asphalt production has declined, with Shandong having the largest production
Petroleum asphalt is a product of crude oil processing. It mostly appears as a black or dark brown viscous liquid or solid at normal temperatures and pressures. Its components are mostly hydrocarbons …
my country’s polylactic acid production has gradually increased, and its dependence on foreign countries has declined.
Polylactic acid, also known as polylactide, is a polyester polymer made from lactic acid as the main raw material through polymerization. It is one of the subcategories of new biodegradable materials.…
Affected by the real estate market, my country’s cement production gradually declined
Cement, also known as red clay, cement, etc., is a powdery hydraulic inorganic cementitious material. The slurry formed after mixing with water can harden in the air or water. Compared with other buil…
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