ULSAN, South Korea—MegaChem Ltd. will sell Songwon Industrial Co. Ltd. antioxidants for fuels and lubricants to countries in the Association of Southeast Asian Nations.
MegaChem will be the exclusive supplier of some of Songwon's phenolic antioxidants, aminic antioxidants, phosphite antioxidants and thioester antioxidants in the region, according to a Songwon news release.
The agreement covers Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Papua New Guinea, the Philippines, Singapore, Thailand and Vietnam. The products include: Songnox L101, L107, L115 and L135 phenolic antioxidants; Songnox L670 and L570 aminic antioxidants; Songnox L416 phosphite antioxidant; and Songnox L224 and L226 thioester antioxidants.
The agreement will ensure that Songwon's customers in the region will continue to receive reliable supply and local support as the firm's global reach expands, according to Gerard Mulqueen, business unit leader for fuel and lube additives at Songwon.
Songwon is a producer and supplier of specialty chemicals headquartered in Ulsan.
Megachem has headquarters in Singapore and offices in the ASEAN region. It is a provider of customized blending services and a chemical distributor.