Hanwha Chemical is established in 1965. As the very first company to produce PVC, LDPE, LLDPE, and Chlor-Alkali in Korea, it ha*CEO: Ki Joon, Hong
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Hanwha Chemical was established in 1965, produced Korea’s first polyvinyl chloride (PVC) in 1966, and localized low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) production, helping the nation to emerge as a leading chemical producer. In the 1980s, the company was the first to enter the chlor-alkali (CA) field in Korea. Later, the company diversified into organic and inorganic chemical products.
In the 1990s, Hanwha Chemical localized the production of new materials, such as wire and cable compounds, paving the way into new value-added business areas. Advanced environmental protection systems were installed, solidifying the company’s leadership position, and process technology was commercialized for treating nonbiodegradable waste materials. These developments elevated national competitiveness by improving the environmental friendliness of and adding value to chemicals made in Korea.
The company continues to cultivate the people necessary to operate globally. Organizational efficiency has been improved to add greater flexibility and to accelerate decision making, thereby maximizing results. Hanwha Chemical aims to be a "Global Chemical Leader" by 2015, with sales of US$8.2 billion and operating profit of US$1.1 billion. To this end, new growth drivers are being sought, innovations are being made to improve cost competitiveness, and brand value is being maximized.
Hanwha Chemical's products are largely divided into polyethylene (PE) products that are used mostly in agricultural films and electical cables, caustic soda (CA), and polyvinyl chloride (PVC) products that are primarily used in construction materials and pulps, and new business including solar energy, carbon nanotubes, secondary battery materials, biosimillars, and biopharmaceuticals antobodies.
In addition to PE, PVC, and CA, Hanwha Chemical developing and exploring new fields in the areas of environmental and futuristic new materials as possible growth engines for the future.
Hanwha Chemical, as a key affiliate of the Hanwha group, is actively promoting a business related to solar energy. Hanwha Chemical has been producing 30MW cells since 2009 and takes firm steps further for a key global solar energy company through acquiring of Solarfun Power Holdings, the world No. 4 module producer in August, 2010. After the acquisition, the company’s name was changed to Hanwha SolarOne. Hanwha SolarOne will building a 1,000 MW solar cell plant in China and expandging production capacity consistently. Also, Hanwha Chemical made decision to build a manufacturing base for polysilicon, a core ingredient for photovoltaic equipments that translates light energy to electricity.
To be leader of the biosimilar pharmaceutical industry, Hanwha Chemical develops new biosimilar and andtibody drug and invests in its R&D. The phase III clinical trial for medicine treating arthritis is being carried out-expected production by 2012.
Succeed in development of anodic material, 'LFP'. The plant for anodic material will be established in 2010 and commercial production will start in 2011.
The company secured CNT (Carbon Nanotube) and Graphin manufaturing technologies. Now Hanwha Chemical develops new technologies to diversify CNT applications.
Hanwha Chemical is a member of the Hanwha Group. Hanwha Chemical's affiliates include Hanwha L&C(100%), Hanwha Galleria(100%), Dreampharma(100%), Hanwha Int Co.(100%), Hanwha Urban Development(100%), Yeochun NCC(50%), etc/
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